Reuters – Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.
Tag Archives: greek-prime
Greek PM tries to win backing from parties for reforms (Reuters)
Reuters – Greek Prime Minister Lucas Papademos met leaders of political parties in his coalition on Sunday to persuade them to back painful reforms demanded by the near-bankrupt country’s foreign lenders.
Private investors near deal on Greek debt (AP)
AP – A disorderly and potentially devastating Greek debt default is looking much less likely.
Greek PM calls for coalition, signals he may quit (Reuters)
Reuters – Greek Prime Minister George Papandreou called on Friday for a new coalition government to approve a bailout deal vital for saving the country from bankruptcy and tackling the euro zone’s economic crisis, and signaled he was ready to stand down.
Greek cabinet meets to decide more austerity steps (Reuters)
Reuters – Greek Prime Minister George Papandreou chairs a cabinet meeting on Sunday to decide on more austerity measures to secure continued funding under an international bailout.
Papandreou says to save Greece, stay in euro (Reuters)
Reuters – Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over its membership in the bloc.
Moody’s warns Greek default virtually 100 percent (AP)
AP – Moody’s downgraded Greece’s bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week’s new bailout package.
Greece says second bailout ‘great relief’ (AP)
AP – Greece’s finance minister expressed “great relief” Friday in the wake of a second European bailout for the country’s crisis-hit economy, and markets reacted positively to the news.
Greece in the spotlight after evoking selective default (AFP)
AFP – Greece heads to another EU summit next week on fresh aid for its debt-wracked economy after evoking — before pulling back — the thorny notion of a selective default that could unleash a eurozone storm.
Greece: can manage selective default rating (AP)
AP – Finance Minister Evangelos Venizelos says Greece faces “no danger of bankruptcy” and the banking system is “totally safeguarded,” even if the country is rated in selective default after a new international rescue package.