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Greece Public Finances News is an EIN News Service for political professionals. Constantly updated news and information about Greece EU Politics.
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Latest Greece Public Finances News

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  • UPDATE 1-Greek bank sell-off deepens on funding concerns 25 Nov 2009 14:35 GMT
    ... ATHENS, Nov 25 (Reuters) - Greek bank shares fell as much as 7.0 percent on ... a parliament briefing on Tuesday, Bank of Greece chief George Provopoulos said that so far ... Greece's central banker said the deterioration in public finances posed a risk of a downgrade by ...

  • WRAPUP 2-Dim economic prospects batter Greek markets 25 Nov 2009 18:34 GMT
    ... ATHENS, Nov 25 (Reuters) - Greek markets fell on Wednesday on concerns that the country's ... euro zone's most troubled economy. It says Greece has been in recession for most of ... in Greece's first recession since 1996. The budget deficit is forecast to reach 12.7 percent of ...

  • WRAPUP 1-Dim economic prospects batter Greek markets 25 Nov 2009 15:15 GMT
    ... Dina Kyriakidou ATHENS, Nov 25 (Reuters) - Greek markets fell on Wednesday on concerns the country's economic ... the euro-zone's most troubled economy. It says Greece has been in recession for most of ... in its first recession since 1996. The budget deficit is forecast to reach 12.7 percent of ...

  • Government debt spirals 25 Nov 2009 22:30 GMT
    ... funding problems within a few years. But Greece may be the first country to hit ... meant Greece. The interest spread between 10-year Greek bonds and German bunds has jumped to 178 basis ... with Ireland," he said. Brussels says Greece's public debt will rise from 99pc of GDP in ...

  • Foreign bank activity to hinge on origin-Serb cbank 25 Nov 2009 17:35 GMT
    ... banking groups from Austria, Italy, France and Greece, which have all had massive exposure to ... bank is concerned about the future of Greek banks, which control more than 15 percent of the ... week due to worries that deteriorating Greek public finances could carry a risk of a downgrade ...

  • As one crisis recedes, the fiscal one may be only beginning 25 Nov 2009 20:33 GMT
    ... the big menace is "out of control" public debt. Yet for the moment there is no ... of failing to do so – notably Greece – are already being hammered in the bond ...

  • Chief of I.M.F. Urges Continued Stimulus Efforts 25 Nov 2009 00:10 GMT
    ... splurge in government spending could push the public finances of some countries close to the brink. ... supply. In Europe, borrowers like Ireland and Greece have come under particular strain. There has been speculation ... the government in Britain - where the budget deficit is projected to rise above 13 percent ...

  • How to fix a rich but unequal country 25 Nov 2009 01:33 GMT
    ... such as France, Italy, Spain, Portugal and Greece and very much better off than all the 12 ... policies to fix the hole in the public finances. ...

  • Greek Socialists say finances in 'intensive care' as 2010 budget shows public debt soaring 20 Nov 2009 16:58 GMT
    ... ATHENS, Greece (AP) - Greece's new center-left government pledged to pull the ... of "intensive care," but conceded Friday that public debt would continue to surge, reaching a massive ... pressure from the European Union to improve public finances. While still three times the EU deficit ...

  • Europe's public finances: Weighed down 24 Nov 2009 12:11 GMT
    ... for three years. A repair job on public finances stands a better chance of being durable ... afford to add much to its huge public debt. It eschewed any meaningful fiscal stimulus in ... immediate problem is what to do about Greece (see ). Its new government now says that the ...

  • Greece tests the limit of sovereign debt as it grinds towards slump 22 Nov 2009 19:01 GMT
    ... Greece tests the limit of sovereign debt as ... meant Greece. The interest spread between 10-year Greek bonds and German bunds has jumped to 178 basis ... with Ireland," he said. Brussels says Greece's public debt will rise from 99pc of GDP in ...

  • Is the Greek economy heading for the rocks? 24 Nov 2009 11:55 GMT
    ... Greek prime minister George Papandreou campaigned on higher spending but ... cuts A Daily Telegraph commentator fears that Greece could be on the verge of bankruptcy ... turn round its economy. "Brussels says Greece's public debt will rise from 99pc of GDP in ...

  • UPDATE 2-Greece aims for 9.1 pct deficit in 2010 budget 20 Nov 2009 12:34 GMT
    ... ATHENS, Nov 20 (Reuters) - Greece will aim to cut its budget deficit ... markets it is serious about shoring up public finances as spreads of Greek government debt over core European benchmarks widen. On ...

  • UPDATE 3-Greece aims for 9.1 pct deficit in 2010 budget 20 Nov 2009 14:56 GMT
    ... George Georgiopoulos ATHENS, Nov 20 (Reuters) - Greece will aim to cut its budget deficit ... markets it is serious about shoring up public finances as spreads of Greek government debt over core European benchmarks widen. On ...

  • INSTANT VIEW 2-Greece aims for 9.1 pct deficit in 2010 20 Nov 2009 11:54 GMT
    ... ATHENS, Nov 20 (Reuters) - Greece aims to lower its fiscal gap to ... is encouraging, but given the state of public finances, much stronger action is going to be ... much further fiscal consolidation. 'For now, the (Greek) government appears to be in no hurry to ...


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