Greece Bailout

News

1. Greece Uses Emergency Power on Striking Teachers

   Mon, 13 May 2013

   Greece 's conservative-led staff transfers. The Greek Federation of Secondary lenders who have kept Greece from defaulting on its draconian cuts have seen Greece 's minimum wage slashed Brussels, Belgium. Greece 's left-wing opposition first casualty of the bailout agreement is democracy
2. Slovenia Announces Anti-Bailout Measures

   Fri, 10 May 2013

   and avoid seeking an international bailout . The small Alpine country, once government debt which has already seen Greece , Ireland, Portugal, Spain and Cyprus to become the fifth member of that bailout band. At the center of Slovenia's
3. Greece : Economic Recovery in Sight

   Fri, 10 May 2013

   Greece 's recession-wracked Currently, the yield on Greece 's 10-year bonds is community sees that Greece is being saved, that crisis led to fears Greece would be forced out for its international bailout , Greece has imposed
4. Slovenia Announces Anti-Bailout Measures

   Thu, 9 May 2013

   and avoid seeking an international bailout . The small Alpine country, once government debt which has already seen Greece , Ireland, Portugal, Spain and Cyprus to become the fifth member of that bailout band. At the center of Slovenia's
5. Cyprus Keeps Capital Controls in Place

   Thu, 9 May 2013

   its holdings of toxic Greek debt and bad loans extensive operations in Greece have also been bought up by Greece 's Pireaus Bank. The Demetriades defended the bailout deal, saying it avoided He conceded that the bailout 's terms have hurt many anticipated." The bailout deal also foresees the
6. Greek Finance Minister: Economic Recovery in Sight

   Thu, 9 May 2013

   Greece 's recession-wracked year. Last year, Greece saw its privately held a primary surplus. Greece has been relying on crisis raised threatened Greece 's position in Europe's for its international bailout , the country imposed
7. 
   The Cyprus Crisis Explained (Like You're an Idiot)

   Thu, 21 Mar 2013

   investment. They lent money to Greece . When the Greek economy took a dive, the bigger gamble, buying up Greek government bonds in the hopes of a bailout . Now they're broke like somebody could use a bailout . A: Cyprus asked for

Videos

1. 
   Greece Rescue Plan in Jeopardy Amid Referendum

   Tue, 1 Nov 2011

   us first of all the Greek Prime Minister has decided effectively mean that the Greek people have a chance expand the European bailout fund also. To force Launched on their Greek bonds so. According crisis as well as an economic crisis happening at this time this morning. You had Greece have to pay a record

   Greek found at 0:15, 1:56

   and Allan thanks much for joining us -- first of all the Greek Prime Minister has decided to hold a referendum. On the deal reached last week is just effectively mean that the Greek people have a chance to veto this whole deal. It really doesn't it took a lot of folks by surprise pop -- coming out yesterday. And saying that it's democracy at work the people have an opportunity to speak and the question is is it going to pass or not because recent -- -- that there's been a lot of opposition to the deal that was struck last week what was struck. It was to expand the European bailout fund also. To force -- -- to take a 50%. Launched on their Greek bonds so. According to what we're hearing a lot of discontent out there and a lot of surprise that we're seeing to

   is really seems to be a political crisis as well as an economic crisis -- happening at this time and obviously markets around the world are reacting negatively. To this news expect this to be prolonged instability in the market -- -- -- Europe is that it's driving us for months and that again along with -- the global economy in terms of how much it slowly and of course it does come to this Greek questions that we have. Surged and fallen. Based on what's happening there on in terms of these European developments -- Honeywell makes -- in the stock market today were also seeing it. Very heavily reflected when it comes to the bond market as well so for example just a little while ago this morning. You had Greece have to pay a record 84 point 65%. Interest rate on a two year bond by -- here in the US where. Less than a quarter of 1% -- You're talking here about investors -- pricing -- the -- that they think even despite the -- on expanded. That Greece could default on its not gonna survive and -- current state that's stacked pretty much is at its current plan stall. Is
2. 
   Greece to Blame for Market Dive

   Wed, 5 May 2010

   seems it not even a 144 billion dollar bailout guarantee over the weekend to calm investors George we don't have to worry about an economic crisis and for example Illinois. Bringing down All living under one currency the Euro Greece makes up just a small part of that economy

   Bailout found at 0:29

   morning going on. It seems it not even a 144 billion dollar bailout guarantee over the weekend to calm investors yesterday now. That alone isn't so surprising just think about how many times I sat in this very seat reporting on huge market selloffs after the US government promise to support the financial markets. But here's the big difference George we don't have to worry about an economic crisis and for example Illinois. Bringing down the value of the dollar or the entire national economy. Nor -- we have to have a referendum between let's say Texas in New York as to whether we should bail Illinois out -- that's not the case for Europe. We have a number of countries an entirely different governments of political system. All living under one currency the Euro -- -- Greece makes up just a small part of that economy the war is that they -- countries and economies. Could feel the ripple
3. 
   Greece Vote Could Impact Global Economy

   Sun, 17 Jun 2012

   better crucial today on Greece 's economic future will is a good chance that Greece could elect a party that to renege on its prior bailout agreement with Europe. Now that could force Greece to be the first country joins us from Athens Greece where he's following The streets but for Greek families the suffering

   Greece found at 0:05

   pay attention to elections until November are better crucial -- today on Greece's economic future will reverberate across Europe and right here in the US with a potentially huge impact on our presidential election. And on your 401K. While no one knows for sure here's how the dominoes could fall. There is a good chance that Greece could elect a party that promises to renege on its prior bailout agreement with Europe. Now that could force Greece to be the first country to lead the European Union. That's never happened before and it could threaten other weak European countries notably Spain and Portugal and even Italy. Banks could fail governments could default on their debts plunging the European economy -- chaos. And giving that Europe is America's largest trading partner that could cripple our own economy. ABC's Dick Shepperd joins us from Athens Greece where he's following all of the elections good morning -- Good morning be on -- central Athens -- the polls have been open for about half the day so far. Most Greeks are expected to vote this is the birthplace of democracy after all but just because it's Election Day doesn't mean anyone feels like a win. After five years of recession in Greece is full of fear and moved. Greeks are so desperate for the first time they -- neo Nazis in the parliament. Because
4. 
   Global Markets Rebound on Hopes of Greece Bailout

   Tue, 21 Jun 2011

   rebounding today on hopes that Greek officials will finally it's here I'm. right in Greece because that is still the latest developments in Greece because. That's what it's inevitable that Greece is going to default but

   Greek found at 0:03

   World stocks are rebounding today on hopes that Greek officials will finally get their house in order. Which should pave the way for the next round of short term loans for the debt stricken nation. -- with a look at -- some of the day's other business news Bloomberg reporter Alan Brayton and good morning Allan happy summer to -- I mean that's right into an aggressor and it is it's here I'm. -- right -- in Greece because that is still the big story give us an update it seems like there's been some good news. Yeah and in fact on the market right you know investors are optimistic that there is going to be some progress so what happens today. Big Greek government today is having a confidence vote is their confidence in the -- government or not backers until midnight tonight. And investors
5. 
   Greece's Economic Future at Stake

   Sat, 16 Jun 2012

   Tension is building in Greece were crucial vote tomorrow on the country's to cash into the system if voters in Greece vote for the man who wants out of the with Europe. And a party that wants Greece to go it's own way. Well the fear

   Greece found at 0:01, 0:48, 1:25

   Tension is building in Greece were crucial vote tomorrow on the country's economic future. We'll certainly reverberate across Europe and right here in the US tonight there is -- it's already all hands on deck and -- major banks here and in Europe. About how to -- cash into the system if voters in Greece vote for the man who wants out of the Euro -- ABC's -- -- and is in Athens tonight for stick. David

   party that wants to stay with Europe. And a party that wants Greece to go it's own way. Well the fear -- -- -- abandons Europe's common currency the Euro it might create a by

   those who weren't paying taxes on them. But the loans that bail Greece out exacerbated. The recession and kept people like George -- out of a job. For 27 months he lives off his mother
6. 
   Greece Moves Closer to Second Bailout

   Thu, 30 Jun 2011

   and that trend looks to continue as Greece closer to a second round. As bail chipping away. At the concerns that Greece had brought on the market so you know a proposal I understand roll over Greece 's debt how would that help. Right

   Greece found at 1:19

   And Germany is working on a proposal I understand -- roll over Greece's debt how would that help. Right that's breaking news this morning and -- we have headlines -- and the Bloomberg right now because the finance minister of Germany is speaking. So would it is as the German government along with big banks as well as insurance companies that own -- bonds that they bought bonds. Issued by Greece and there are agreed to roll them over. Essentially it's a weight of people have been using this term rollover sounds very
7. 
   Austan Goolsbee Hits Pace of Wall Street Reforms

   Fri, 25 May 2012

   Greece . Because economic crisis is a bit like fungus market. Each time Greece has had to have into the first bailout agrees. The stock of 2011. When Greece goes through its another way that Greece may affect the place where the Greek and European economic crisis is gonna affect

   Greek found at 2:00, 3:24

   a time of the year around the world another place where the Greek and European economic crisis is gonna affect us here. Is really in our jobs and and our manufacturing. Because as they're having their problems. They're both

   their focus on shipping things abroad so your American. The crisis in Greece if it spreads to Europe. Can hit you in your stocks. Because it's going to be -- He can hit -- -- your credit may be harder to get alone -- get a credit card. He can hit you -- your job or it could hit manufacturing in general and and what that would mean for the economy. So it's likely to be a lot of uncertainty. On the plus side that trip to the Greek islands making it pretty affordable sometimes.