- 11:57 16/05/2012 MOSCOW, May 16 (RIA Novosti)
The near certainty of a Greek departure from the eurozone, and doubt about what could happen in the aftermath of this, has seen global stocks take a further battering on Wednesday.
- 14:01 15/05/2012 MOSCOW, May 15 (RIA Novosti)
Russian stocks continued their plunge on Tuesday, reaching fresh five-month lows as investors took flight due to worries over Greece’s political deadlock and Europe’s mounting debt.
- 13:16 14/05/2012 MOSCOW, May 14 (RIA Novosti)
The euro and European shares traded lower on Monday as Greece’s failure to form a coalition government increased uncertainty about the country's bailout and threatened to intensify the eurozone crisis.
- 04:58 10/04/2012 ATHENS, April 10 (RIA Novosti)
Greek seamen begin a 48-hour strike on Tuesday leaving all ships and ferries anchored at ports and disrupting plans of thousands of people ahead of Orthodox Easter holidays this week, Greek media reported.
- 18:42 12/03/2012 MOSCOW, March 12 (RIA Novosti)
Greece has completed an exchange of its bonds with private investors issued under Greek law, part of the country's debt, world media reported on Monday.
- 03:33 10/03/2012 MOSCOW, March 10 (RIA Novosti)
Moody's Investors Service said on Saturday it considers Greece to have defaulted per Moody's default definitions.
- 02:16 10/03/2012 WASHINGTON, March 10 (RIA Novosti)
The International Monetary Fund (IMF) is ready to allocate 28 billion euro (about $36.7 billion) to support Greece’s economic program over the next four years
- 19:40 09/03/2012 MOSCOW, March 9 (RIA Novosti)
Fitch Ratings has downgraded Greece’s long-term foreign and local currency issuer default rating (IDR) to “RD” (restricted default) from “C,” the ratings agency said in a press release.
- 12:05 09/03/2012 ATHENS, March 9 (RIA Novosti)
Greece’s private investors agreed on Friday to swap their government bonds for new securities that are worth 83.5 percent of the country’s sovereign debt in a deal that help the country stay afloat and avoid default on its massive debt, Greek Finance Ministry said.
- 17:05 07/03/2012 ATHENS, March 7 (RIA Novosti)
Greek demonstrators protesting against the government’s austerity measures disrupted on Wednesday a military parade on the Aegean island of Rhodes, the Athens News Agency reported.
- 08:03 03/03/2012 MOSCOW, March 3 (RIA Novosti)
Moody's Investors Service has downgraded the sovereign credit rating of Greece to the lowest level, from ‘Ca’ to ‘C’, the rating agency said.
- 07:50 28/02/2012 MOSCOW, February 28 (RIA Novosti)
International ratings agency Standard & Poor’s downgraded on Tuesday Greece’s long-term sovereign credit rating from ‘CC’ to ‘selective default’ after the country launched a bond swap plan last week to ease its debt burden.
- 16:25 22/02/2012 MOSCOW, February 22 (RIA Novosti)
International rating agency Fitch has downgraded Greece's long-term foreign and local currency Issuer Default Ratings to C from CCC and affirmed the short-term foreign currency rating at C, the agency said on Wednesday.
- 10:38 22/02/2012 RIA Novosti economic commentator Vlad Grinkevich
On February 21 eurozone finance ministers agreed to a second bailout for Greece – it has received a 53.5% reduction of its debt to private banks and will get up to 130 billion euros from the International Monetary Fund.
- 18:32 21/02/2012 ATHENS, February 21 (RIA Novosti)
The EU austerity plan for Greece will not rescue the country from default, Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize in economics, said in his blog in The New York Times on Tuesday.
- 13:47 21/02/2012 MOSCOW, February 21 (RIA Novosti)
Russian stocks ignored a second 130-billion euro deal sealed by eurozone countries and the International Monetary Fund for debt-laden Greece, demonstrating a downside movement in MICEX-RTS trade on Tuesday.
- 10:16 21/02/2012 BRUSSELS, February 21 (RIA Novosti)
Eurozone countries and the International Monetary Fund will provide a second 130-billion euro bailout aid package to Greece to help it repay its massive debt and avoid a default, Eurogroup President Jean Claude Juncker said on Tuesday.
- 12:02 20/02/2012
Scuffles broke out in the centre of Athens on Sunday after a demonstration against the government's austerity measures.
- 13:40 15/02/2012 MOSCOW, February 15 (RIA Novosti)
Key Asia-Pacific stock market indices closed higher on Wednesday amid investor optimism that the Greek bailout deal was close at hand and on China’s pledge to invest in Europe’s bailout funds and boost its euro asset holdings, market data suggested.
- 23:38 13/02/2012
Mass riots began in Athens on February 12 when thousands of people protesting against a new loan agreement between Greece and the EU pelted the police with stones and Molotov cocktails.
- 17:06 13/02/2012 ATHENS, February 13 (RIA Novosti)
Greece will complete a debt restructuring deal with private creditors in March to help the country stay afloat and avoid default on its massive debt, a government spokesman said on Monday.
- 16:18 13/02/2012 BRUSSELS, February 13 (RIA Novosti)
A disorderly default will be far worse for Greece and its population than the implementation of the country’s second austerity plan, European Commission Vice-President Olli Rhen said on Monday.
- 12:17 13/02/2012 MOSCOW, February 13 (RIA Novosti)
Russian stocks and the ruble moved higher on Monday as the Greek parliament approved new austerity measures needed to secure a 130-billion euro ($170-bln) bailout to avoid default and investor risk appetite returned to the markets.
- 03:49 13/02/2012 ATHENS, February 13 (RIA Novosti)
Greece’s parliament has approved austerity measures requested by the Eurozone and the International Monetary Fund to secure a 130-billion euro ($170bln) bailout to avoid default, a RIA Novosti correspondent reported on Monday.
- 23:26 12/02/2012 ATHENS, February 12 (RIA Novosti)
Black-hooded protesters hurling stones and petrol bombs on Sunday battled Greece's parliament as lawmakers inside debated deeply unpopular austerity measures to secure a bail-out program aimed to stave off bankruptcy.
- 02:54 12/02/2012 ATHENS, February 12 (RIA Novosti)
Dozens of Greek parliamentarians threaten to vote on Sunday against the requested package of new austerity measures
- 06:58 11/02/2012 ATHENS, February 11 (RIA Novosti)
The Greek cabinet has approved a pack of new austerity measures requested by the Eurozone and the International Monetary Fund to secure a 130-billion euro ($170bln) bailout to avoid default, the Greek national television reported on Saturday.
- 04:27 10/02/2012 BRUSSELS, February 10 (RIA Novosti)
Eurozone finance ministers on Thursday night agreed to attach additional conditions to Greece’s 130-billion-euro bailout deal and postponed the final decision until next Wednesday, the meeting’s chairman said on Friday.
- 22:20 09/02/2012 ATHENS, February 9 (RIA Novosti)
Greek Deputy Labor and Social Security Minister Yiannis Koutsoukos resigned on Thursday as a sign of a protest against the government’s decision to cut wages and pensions in exchange for European financial assistance.
- 18:39 09/02/2012 MOSCOW/ATHENS, February 9 (RIA Novosti)
Greek political leaders have finally struck a deal on new austerity measures demanded by creditors to secure a 130-billion euro bailout to avoid default and keep the country afloat, local media reported on Thursday.
- 11:31 09/02/2012 MOSCOW, February 9 (RIA Novosti)
Greece hopes the EU will grant a second bailout worth 130 billion euros despite the government's failure to secure agreement on pension cuts at a marathon meeting that ended early on Thursday morning.
- 07:14 06/02/2012 ATHENS, February 6 (RIA Novosti)
As Greek political forces and international lenders negotiate ways to avert a default, which can take place already in March, the country's two largest trade unions announced a strike against proposed austerity measures.
- 04:06 06/02/2012 ATHENS, February 6 (RIA Novosti)
Greek Prime Minister Lucas Papademos and leaders of the country’s political parties have agreed to further cut spending by 1.5 percent of GDP, the Greek government’s press service said.
- 14:41 01/02/2012 ATHENS, February 1 (RIA Novosti)
Greece needs to ease up on the effort to reduce the budget deficit but hasten the implementation of reforms, head of the International Monetary Fund's supervisory mission in Greece Poul Thomsen said on Wednesday.
- 11:19 31/01/2012 ATHENS, January 31 (RIA Novosti)
Greece is not discussing the tightening of budgetary oversight by the EU, despite the fact that it may need more financial aid than was been planned, Greek Prime Minister Lucas Papademos said on Tuesday.
- 20:48 29/01/2012 MOSCOW, January 29 (RIA Novosti)
Greece has rejected suggestions it should cede control over its own budget to an EU outsider, the BBC reported on Sunday.
- 17:35 28/01/2012 ATHENS, January 28 (RIA Novosti)
Greece will not allow the European Union controlling country's budget policy, the Athens news agency said on Sunday quoting a Greek government top official.
- 06:12 28/01/2012 ATHENS, January 28 (RIA Novosti)
Greece and its private creditors are close to reaching a agreement on the voluntary debt swap, Greek Finance Minister Evangelos Venizelos told journalists in Athens.
- 19:17 19/01/2012
The first rumors that Greece may leave the Eurozone arose in 2010, when the country asked the EU and IMF for a bailout in a bid to avoid default. Greek Prime Minister Lucas Papademos on Monday said abandoning the euro and returning to the drachma was "really not an option," for the country. In an interview with CNBC, Papademos also said he was confident the country would avoid a default in March.
- 15:35 18/01/2012 ATHENS, January 18 (RIA Novosti)
Greece will consider legislation forcing private creditors to take losses on their holdings, if it fails to reach agreement in critical negotiations scheduled to resume on Wednesday, Greek Prime Minister Lucas Papademos said.
- 17:29 17/01/2012 MOSCOW, January 17 (RIA Novosti)
The Greek default is inevitable and will be carried out in an “orderly” manner, Italy’s AGI news agency quoted a senior Fitch official as saying on Monday at a conference in Stockholm.
- 02:48 08/01/2012 ATHENS, January 8 (RIA Novosti)
The International Monetary Fund considers the current restructuring plan insufficient to fix the debt crisis in Greece, Germany's Der Spiegel magazine said, citing internal IMF documents.
- 21:38 09/12/2011 ATHENS, December 9 (RIA Novosti)
Greece is satisfied with the recent EU summit, which resulted in stricter financial discipline for eurozone members, Greek Prime Minister Lucas Papademos said on Friday.
- 03:48 07/12/2011 ATHENS, December 7 (RIA Novosti)
Greek parliament approved on Wednesday an austerity budget for 2012 that aims to shrink the country’s debt and rescue the domestic economy from deep recession.
- 03:56 06/12/2011 MOSCOW, December 6 (RIA Novosti)
The International Monetary Fund said it had approved a 2.2-billion ($2.9 billion) euro installment of international financial aid to keep the Greek economy afloat.
- 04:02 30/11/2011 BRUSSELS, November 30 (RIA Novosti)
Finance ministers from 17 eurozone countries (Eurogroup) agreed at a meeting late on Tuesday to provide Greece with an 8 billion euro ($10.7 billion) bailout loan installment to keep the Greek economy afloat.
- 15:30 18/11/2011 ATHENS, November 18 (RIA Novosti)
Greece’s budget deficit is likely to amount to 5.4 percent of the country’s gross domestic product (GDP) in 2012 if the government’s debt swap program is successful, according to the 2012 budget draft.
- 23:27 17/11/2011 ATHENS, November 17 (RIA Novosti)
Some 30,000 people took to the streets in Athens in commemoration of the 38th anniversary of the ultra-right junta of the "Black Colonels" on Thursday, police said.
- 16:15 17/11/2011 ATHENS, November 17 (RIA Novosti)
Greek authorities hope for the broadest possible support from private bondholders in a bond swap deal to halve its public debt, the Greek Finance Ministry said on Thursday.
- 21:44 16/11/2011 ATHENS, November 16 (RIA Novosti)
The new Greek coalition government led by Lucas Papademos won a confidence vote in parliament on Wednesday.
- 22:45 14/11/2011 ATHENS, November 14 (RIA Novosti)
Greece must by the end of the year approve the bailout package presented by the European Union in October, Greece's new Prime Minister Lucas Papadimos said on Monday, promising to provide written guarantees that Athens would stick by the terms of the deal.
- 17:18 14/11/2011 ATHENS, November 14 (RIA Novosti)
The leader of Greece's center-right opposition Antonis Samaras said on Monday his New Democracy party would not vote for any new austerity plan demanded by international lenders before they provide more financial aid to Athens.
- 19:12 11/11/2011 ATHENS, November 11 (RIA Novosti)
Greece's new coalition government, led by former European Central Bank vice president Lucas Papademos, was sworn in on Friday.
- 17:21 10/11/2011 ATHENS, November 10 (RIA Novosti)
A new Greek interim government will be sworn in on November 11, a state-run TV channel said on Thursday.
- 23:40 09/11/2011 ATHENS, November 9 (RIA Novosti)
The talks between Greece’s political leaders on a new coalition government ended on Wednesday without reaching agreement on a new prime minister, a RIA Novosti correspondent reported.
- 21:10 09/11/2011 MOSCOW, November 9 (RIA Novosti)
George Papandreou announced Wednesday he is stepping down as Greek prime minister to clear the way for a new coalition government.
- 18:05 09/11/2011 MOSCOW, November 9 (RIA Novosti)
The euro fell against the U.S. dollar on Wednesday and European markets slumped with it, amid lingering uncertainties over who will lead a new Greek government and Italian bond yields entering dangerous territory.
- 17:12 09/11/2011 ATHENS, November 9 (RIA Novosti) –
Greek Prime Minister George Papandreou is to meet with the country’s President Karalos Papoulios at 5:00 pm GMT to declare his resignation, Greek state TV said on Wednesday.
- 13:24 08/11/2011 RIA Novosti political commentator Dmitry Kosyrev
Greek Prime Minister George Papandreou resigned on Sunday. His successor will be named tonight if Greece's rival parties can agree on a national unity government.
- 04:08 08/11/2011 BRUSSELS, November 8 (RIA Novosti)
Greece could receive a blocked bailout installment, the sixth tranche worth 8 billion euros ($11bln), if the nation’s incoming government reaffirms its commitment on EU-proposed austerity program, Olli Rehn, the EU economy commissioner, said.
- 05:40 07/11/2011 MOSCOW, November 7 (RIA Novosti)
Greece's two major political parties, who have earlier agreed to set up a coalition government, announced that early elections could be tentatively scheduled for February 19, 2012
- 03:51 07/11/2011 ATHENS, November 7 (RIA Novosti)
Greece's two major political parties, who have earlier agreed to set up a coalition government, announced that early elections could be tentatively scheduled for February 19, 2012
- 00:45 07/11/2011 MOSCOW, November 7 (RIA Novosti)
Greek leaders, who met late on Sunday for talks on the future coalition government, announced in a statement on Monday that George Papandreou would resign as Greek premier and "immediate" elections will be held.
- 18:34 06/11/2011 ATHENS, November 6 (RIA Novosti)
Greece may be expelled from the euro zone if it fails to reach the agreement on forming the coalition government on Sunday, Greek Skai radio station said citing Cabinet sources.
- 18:17 06/11/2011 ATHENS, November 6 (RIA Novosti)
Greece may be expelled from the euro zone if it fails to reach the agreement on forming the coalition government on Sunday, Greek Skai radio station said citing Cabinet sources.
- 17:07 06/11/2011 ATHENS, November 6 (RIA Novosti)
Greece may receive a new prime minister later on Sunday during the urgent talks on coalition government, Greek government spokesman Elias Mossialos said.
- 19:51 05/11/2011 ATHENS, November 5 (RIA Novosti)
Antonis Samaras, leader of Greek main opposition New Democracy party, refused to discuss Prime Minister George Papandreou's proposal to form a coalition government and demanded to conduct the elections.
- 16:18 05/11/2011 ATHENS, November 5 (RIA Novosti)
Greek Prime Minister George Papandreou met with the president on Saturday and promised consultations on a coalition government to ratify a crucial 130-billion euro bailout deal for the indebted euro zone country.
- 12:43 05/11/2011
Greece has been buried in debt for a number of years. It used foreign loans to cover its budget deficit. Pensions are the biggest budget spending item.
- 03:05 05/11/2011 ATHENS, November 5 (RIA Novosti)
Greek Prime Minister George Papandreou survived on Saturday a crucial parliamentary confidence vote but failed to end uncertainly in the debt-burdened country.
- 02:51 05/11/2011 ATHENS, November 5 (RIA Novosti)
The Greek parliamentary opposition rejected on Saturday Prime Minister George Papandreou's proposal to form a coalition government called for early elections in the country.
- 02:08 05/11/2011 ATHENS, November 5 (RIA Novosti)
Greek Prime Minister George Papandreou promised on Saturday to form a broad coalition government with the opposition in exchange for the parliament’s support in a crucial confidence vote.
- 01:03 05/11/2011 MOSCOW, November 5 (RIA Novosti)
Debates on a crucial confidence vote in Greece's beleaguered Socialist government are under way in the country's parliament, with the vote expected to take place at midnight local time (22:00 GMT).
- 16:01 04/11/2011 ATHENS, November 4 (RIA Novosti)
Greece has officially rejected a referendum on the European Union rescue package, the Greek Finance Ministry said on Friday.
- 22:13 03/11/2011 ATHENS, November 3 (RIA Novosti)
Greece needs a sixth tranche of European aid - 8 billion euros - by December 15, Finance Minister Evangelos Venizelos said on Thursday.
- 19:41 03/11/2011 ATHENS, November 3 (RIA Novosti)
Greek Prime Minister George Papandreou softened his stance on the bailout referendum on Thursday, saying that the vote could be cancelled if the opposition backed the new European aid plan for Greece in parliament, Western media reported.
- 18:17 03/11/2011 ATHENS, November 3 (RIA Novosti)
Greek Prime Minister George Papandreou is ready to discuss the creation of a coalition government with the opposition, Greek television reported on Thursday.
- 17:19 03/11/2011 MOSCOW, November 3 (RIA Novosti, Agata Sheremet)
The worsening economic turbulence in Europe threatens to exacerbate Russia's high levels of capital outflow, but is unlikely to cause a full-blown economic crisis, analysts said on Thursday.
- 14:31 03/11/2011 ATHENS, November 3 (RIA Novosti)
The Greek Cabinet will meet in emergency session at noon on Thursday, ahead of a vote of confidence on Friday following a government split after the leading majority Pasok party MPs withdrew support for the eurozone bailout referendum.
- 11:17 03/11/2011 ATHENS, November 3 (RIA Novosti)
Greece will stay in the eurozone whatever the outcome of its referendum on the debt rescue package, Greek Finance Minister Evangelos Venizelos said on Thursday.
- 06:57 03/11/2011 CANNES, November 3 (RIA Novosti)
French President Nicolas Sarkozy said that the next installment of rescue loans for Greece, which had already been approved and due to be delivered this month, will not be paid until the country holds a referendum.
- 14:09 02/11/2011 BEIJING, November 2 (RIA Novosti)
China hopes that the European Union will fulfill its economic rescue plan, despite a planned Greek referendum which is likely to end in the country's rejection of European aide and austerity measures, Chinese Foreign Ministry spokesman Hong Lei said on Wednesday.
- 13:34 02/11/2011 RIA Novosti political commentator Dmitry Babich
Greek Prime Minister George Papandreou’s call for a referendum on the bailout deal (a package to rescue the Greek economy the EU proposed on October 26 - 27 that includes drastic austerity measures) has disrupted the G20 summit in Cannes.
- 17:30 01/11/2011 MOSCOW, November 1 (RIA Novosti)
The referendum Greek Prime Minister George Papandreou plans to hold on the new debt relief program proposed by the EU and International Monetary Fund threatens the financial stability of Greece and the eurozone, Fitch rating agency said in a statement on Tuesday.
- 23:39 31/10/2011 ATHENS, October 31 (RIA Novosti)
Greek Prime Minister George Papandreou pledged on Monday to hold a referendum on whether Greece will accept the new aid package proposed by the EU in return for continued austerity measures in Greece.
- 12:29 27/10/2011 BRUSSELS, October 27 (RIA Novosti)
European leaders agreed to increase the eurozone's main bailout fund to one trillion euros on Wednesday as part of a package of measures to stave off Europe's spiralling debt crisis.
- 17:46 24/10/2011 BRUSSELS, October 24 (RIA Novosti)
The European Commission hopes that private investors will volunteer to write off more Greek debt, Commission spokesman Amadeu Altafaj-Tardio said on Monday.
- 21:31 20/10/2011 MOSCOW, October 20 (RIA Novosti)
One person was killed during clashes that took place in Athens on Thursday, a police source said.
- 20:35 20/10/2011 MOSCOW, October 20 (RIA Novosti)
Vladimir Zhirinovsky's Russian Liberal-Democratic Party (LDPR) has advised crisis-stricken Greece to join the Commonwealth of Independent States (CIS).
- 17:07 20/10/2011 ATHENS, October 20 (RIA Novosti)
At least 200 anarchists attacked police with stones and Molotov cocktails in central Athens but failed to disrupt peaceful protests against austerity measures, police said on Thursday.
- 15:01 20/10/2011 ATHENS, October 20 (RIA Novosti)
Europe is unable to find a timely solution for its debt problem, Greece's Finance Minister Evangelos Venizelos said on Thursday.
- 11:59 20/10/2011
Firefighters were called in late on Wednesday to extinguish piles of rubbish set ablaze by protesters in Athens after riots broke out during a demonstration by about 100-thousand people on the first of a two-day general strike.
- 20:17 19/10/2011
Police reported at least 125,000 demonstrators participated in the biggest nationwide strike in Greece since the outbreak of the crisis three years ago.
- 17:54 19/10/2011 ATHENS, October 19 (RIA Novosti)
Anarchists clashed with police outside the Greek Parliament on Wednesday as tens of thousands rallied at the start of a general 48-hour strike timed to coincide with a vote on additional austerity, including more tax hikes, pay cuts and job losses.
- 14:38 19/10/2011 ATHENS, October 19 (RIA Novosti)
Thousands of police were deployed in central Athens on Wednesday as protesters prepared for demonstrations amid a two-day general strike against austerity measures.
- 05:26 16/10/2011 ATHENS, October 16 (RIA Novosti)
The European Union should help Greece to avert the default, otherwise consequences would be unpredictable for all EU members, Greek Prime Minister George Papandreou said.
- 17:22 14/10/2011 RIA Novosti economic commentator Vlad Grinkevich
George Soros has decided to lend a hand in rescuing Europe from the impending crisis.
- 18:08 13/10/2011 RIA Novosti economic commentator Vlad Grinkevich
Slovakia is the only eurozone country that has not supported the expansion of the European Financial Stability Facility (EFSF).
- 17:27 11/10/2011 ATHENS, October 11 (RIA Novosti)
Greece may get the next 8 billion euro tranche out of a 100 billion euro bailout from the troika of international lenders by next month, despite failing to fully implement a cut in spending agreed with them, the lenders said on Tuesday.
Leave a comment
Leave a comment