Tag: Greece

Slovakia to join EU-IMF fund, reject Greek loan

EUOBSERVER / BRUSSELS – The new Slovak government plans to back a €750 billion EU-IMF stabilisation mechanism for eurozone countries but is to back away from a separate euro-area countries’ bail-out loan to Greece. “The coalition parties have agreed [to…

Bomb blast outside Athens’ prison, two injured

A powerful bomb has exploded outside Korydallos prison in the west of Greek capital Athens on Thursday, leaving two people wounded and causing extensive damage to nearby homes and shops, security officials and media reported.

Euro Zone Buys Time, Moves Toward Federalism

FRANKFURT (Dow Jones)–The massive European Union financial package should banish fears of government default and a collapsing euro, and was also a giant step toward a more federal Europe in the longer term.

Three people killed in Athens as protests turn violent

At least three people died in Athens as protestors set fire in a bank. Fire brigades managed to save other four employees of the bank. Meanwhile, media reported that another building was set on fire near Greek parliament. Currently tens of…

Greece/Terrorism: Explosion damaged HSBC branch in Athens

Greek police stated that an Improvised Explosive Device (IED) went off at a branch of HSBC bank in Athens on Sunday, damaging the entrance but causing no injuries. According to police officials, the explosive appeared to be a home-made bomb comprised of…

Euro area states agree €110bn loan for Greece

UOBSERVER / BRUSSELS – Eurozone states and the IMF have agreed a three-year lending package for Greece worth €110 billion. The decision taken by euro area finance ministers in Brussels on Sunday evening (2 May) follows months of market turmoil,…

EU: Contagion fears

FROM THE ECONOMIST INTELLIGENCE UNIT The Greek debt crisis has intensified dramatically in recent days, raising concerns about contagion within the euro area. Greek sovereign debt has been downgraded, yields on Greek government bonds have soared, and estimates of the…

Greece/Civil unrest: protesters clash with police over austerity measures

Clashes erupted outside the Greek Ministry of Finance in Athens on Thursday between riot police and protesters voicing their dissent on the government’s endeavour to cut on the budget. Police fired tear gas to disperse a crowd of about 500 protesters who…

ECB’s Weber says Greece may need 80 bln euros

BERLIN, April 20 (Reuters) – European Central Bank Governing Council member Axel Weber has told German politicians that Greece may require assistance of up to 80 billion euros ($111.8 billion) in the coming years.