Topic: Greece

Analysis: For euro zone, a year of deleveraging dangerously

LONDON (Reuters) - With governments laboring under too much debt and banks hobbled by too little capital, 2012 is shaping up as another year of hard slog for Europe's economy that could yet test the single currency to destruction.The Netherlands on Thursday ...

IMF says Greece must move faster on reforms

ATHENS (Reuters) - The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.Greece, crushed under debt amounting to some 160 percent of ...
Morgan Stanley further slashed its growth forecasts for Asia next year due to increasing risks from the debt crisis in Europe and weakening domestic demand.Asia excluding Japan is now expected to grow 6.9 percent instead of its previous estimate of 7.3 percent, ...

Thousands of Portuguese workers protest against cuts

LISBON (Reuters) - Portuguese workers' general strike halted public transport and some factories in many parts of the country on Thursday and thousands marched to protest against austerity measures imposed as the price of an EU/IMF bailout.The 78 billion euro ($100 billion) ...

Portuguese strike against bailout austerity

LISBON (Reuters) - Portuguese workers went on strike on Thursday, halting public transport and factories in many parts of the country to protest against harsh austerity measures imposed as the price of an EU/IMF bailout.The rescue funds are designed to keep Portugal ...

France and Germany clash over ECB crisis role

PARIS/ROME (Reuters) - France and Germany, Europe's two central powers, have stepped up their war of words over whether the European Central Bank should intervene more forcefully to halt the euro zone's debt crisis after modest bond purchases failed to calm markets.Facing ...

Euro zone looks to Italy, Greece moves to ease crisis

ROME/ATHENS (Reuters) - The euro zone looks for some respite on Wednesday, with Italy due to unveil a technocrat-led cabinet and a new Greek coalition expected to win a confidence vote, as Europe battles to prevent its debt woes from dragging down ...

Euro zone barely grows in Q3, downturn seen

BERLIN/PARIS (Reuters) - The euro zone economy grew just 0.2 percent in the third quarter as Germany and France posted solid growth but countries at the sharp end of the debt crisis fared much worse, and analysts expect bleaker times ahead across ...

Germany, France post solid growth, outlook bleaker

BERLIN/PARIS (Reuters) - The euro zone economy grew just 0.2 percent in the third quarter as Germany and France posted solid growth but countries at the sharp end of the debt crisis fared much worse, and analysts expect bleaker times ahead across ...

New Italian, Greek governments race to limit damage

ROME/ATHENS (Reuters) - Technocrat leaders in Italy and Greece rushed to form governments as they sought to limit the damage from the euro zone debt crisis on Monday, and the euro climbed on relief that a key Italian bond auction drew decent ...
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