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.
Tag Archives: minister-george
Premature euro rescue talk buoys markets (Reuters)
Reuters – Talk of beefing up the euro zone’s bailout fund lifted stocks on Tuesday but complicated the debate in Germany where Angela Merkel is struggling to unite her coalition behind more modest steps to aid Europe’s weak economies and banks.
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.
Greek PM cancels U.S. trip as debt crisis deepens (Reuters)
Reuters – Greek Prime Minister George Papandreou canceled a planned visit to the United States on Saturday to deal with a deepening crisis at home, days before European Union and IMF inspectors decide on further funding for the debt-ridden country.
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.
Greek taxi drivers block Athens airport, harbor (AP)
AP – Striking Greek taxi drivers are blocking road access to the country’s main airport and harbor in their latest protest against government reforms.
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.
Greek taxis on 24-hour strike (AP)
AP – Taxis across Greece are holding a 24-hour strike to protest the opening of their profession to more competition, part of reforms the government has pledged in order to continue receiving funds from an international bailout preventing the country from default.
Greece races for vast reforms after vote victory (AFP)
AFP – The new Greek government, fresh from a confidence vote victory, got to grips fast on Wednesday with massive EU-IMF imposed budget reforms to stave off a wider eurozone debt crisis.

