Fox Business - The Power to Prosper
Search Site

Antonis Samaras

Greece Economic 'Rebound' Very Much A Work in Progress

The best that can possibly be said for Greece right now is that the worst is probably over.But that's purely from a macro-economic point of view. The average Greek citizen, struggling under years of astronomical unemployment rates and severe austerity measures imposed by the euro zone hierarchy, might not share that view.Huge budget deficits caused by a stagnant economy and years of excessive spending on social programs and government payrolls and pensions buried Greece in debt five years ago, leaving the southern European nation unable to pay off its loans and unable to borrow more money. With Greece teetering on the edge of financial collapse, a debt crisis was triggered across Europe as other countries and major banking institutions that held Greek debt pondered the fallout from a Greek default.Two bailouts followed. The first worth 110 billion euros in 2010 and funded by the European Union, the International Monetary Fund and the European Central Bank -- the so-called euro zone Tro...

Read More

  1. Greek PM says deposits are safe, banks shielded: paper

    Greek bank deposits are safe and the country's lenders are protected due to a recapitalization scheme which will be completed by the end of April, Prime Minister Ant...

  2. Cyprus, Greece Agree To Bank Spinoff Agreement

    Cyprus and Greece have agreed to spin off Greek units of indebted Cypriot banks, the Cyprus presidency said in a statement on Friday, Reuters reported . "After talks...

  3. Cyprus agrees to spin off Greek units of Cypriot banks

    Cyprus has agreed with Greece on a takeover of the Greek units of Cypriot banks, the island nation's presidency said on Friday, ending uncertainty over the fate of t...

  4. Gazprom CEO, Greece PM Discuss DEPA Privatization

    The chief executive of OAO Gazprom (GAZP.RS) and the Greek prime minister have discussed the Russian gas giant's possible participation in the privatization of Greek...

  5. Is It Time For Investors to Go Greek?

    Greece... recent memory brings only thoughts of severe depression, massive fiscal fraud and spiraling debt loads. Throw in an IMF bailout that nearly failed (twice) ...

  6. Greece to Approve Eldorado Gold Project After Vandal Attack on Mine

    Greece's government is vowing to speed up approval for a gold mine in the country's north in a bid to calm Canadian miner Eldorado Gold Corp.'s (EGO) concerns about ...

  7. Greece needs growth to get out of crisis, France's Hollande says

    French President Francois Hollande used a visit to hard-hit Greece on Tuesday to press his pro-growth agenda, saying fiscal reform could not be achieved by austerity...

  8. Greece, Albania, Italy Sign Trans Adriatic Pipeline Agreement

    Greece, Italy and Albania Wednesday signed a three-way inter-governmental agreement backing a proposed pipeline that would bring gas from Azerbaijian to Europe, part...

  9. Greek political parties to testify over bank loans

    Greek prosecutors have ordered the two main ruling parties to testify in an investigation into more than 200 million euros in loans they received from banks, officia...

  10. Shots Fired At Greek Ruling Party HQ: Reports

    Gunmen fired shots early Monday morning at the headquarters of Greece's ruling New Democracy party, but nobody was hurt, news reports said. The attack, however, foll...

  11. Greece is delivering on reforms: PM Samaras

    Greece is delivering on tough economic reforms and its European partners are providing support, Prime Minister Antonis Samaras said on Tuesday during a visit to Germ...

  12. Euro doomsayers adjust predictions after 2012 apocalypse averted

    Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a ...

  1. Greeks split on reforms, public sector job cuts - poll

    Greeks are split down the middle on whether public sector job cuts demanded by the country's international lenders for continued bailout funding are necessary and mo...

  2. Report: Inaction in Athens Sparks Lender Worries

    Greece's inability or unwillingness to collect taxes threatens to create a new financing shortfall, its lenders said in a report seen by Reuters that signals a new l...

  3. Troika to Greece: You Have 3 Days to Deliver

    Greece has three days to reassure Europe and the International Monetary Fund it can deliver on conditions attached to its international bailout in order to receive t...

  4. Greece passes reform law to unlock more EU/IMF rescue loans

    Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros ($8.9 billion) of rescue loans from the European Union and the International Moneta...

  5. Greece on Track to Receive Next Aid Tranche, Troika Says

    Greece and a troika of international inspectors Monday wrapped up talks on the steps the country must take to secure its next disbursement of aid-and which include l...

  6. Greece says talks with troika to be finalized by Monday: deputy finance minister

    Greece will finalize talks with the so-called troika of its foreign lenders by Monday, the country's deputy finance minister said on Saturday."I believe that the ult...

  7. Troika concludes Greek bailout review, next aid tranche soon: source

    An inspection team of international lenders has finished its review of Greece's reforms, paving the way for another 10 billion euros aid payment, a source with knowl...

‹ Prev12345Next ›
Freebase CC-BY
Source: Antonis Samaras on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL