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<title><![CDATA[RSS for Greece Bailout]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about Greece Bailout on FOXBusiness.com.]]></description>
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<title><![CDATA[Piraeus Bank Posts First-Quarter Net Profit After Merger Deals]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/20/piraeus-bank-posts-first-quarter-net-profit-after-merger-deals/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/20/piraeus-bank-posts-first-quarter-net-profit-after-merger-deals/</guid>
<pubDate><![CDATA[Mon, 20 May 2013 13:05:03 EDT]]></pubDate>
<description><![CDATA[Piraeus Bank (TPEIR.AT), one of Greece's largest lenders, on Monday reported a first-quarter net profit of 3.62 billion euros ($4.64 billion), largely due to a one-off capital gain of EUR3.4 billion relating to a negative goodwill contribution following the acquisition of the Greek units of troubled Cypriot banks.]]></description>
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<title><![CDATA[Greece to sell Postbank, Proton in July, stress-test big banks]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/19/greece-to-sell-postbank-proton-in-july-stress-test-big-banks/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/19/greece-to-sell-postbank-proton-in-july-stress-test-big-banks/</guid>
<pubDate><![CDATA[Sun, 19 May 2013 08:24:12 EDT]]></pubDate>
<description><![CDATA[Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review.]]></description>
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<title><![CDATA[Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/17/risks-for-cyprus-are-unusually-high-adoption-austerity-plan-imperative-imf/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/17/risks-for-cyprus-are-unusually-high-adoption-austerity-plan-imperative-imf/</guid>
<pubDate><![CDATA[Fri, 17 May 2013 10:25:33 EDT]]></pubDate>
<description><![CDATA[The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.]]></description>
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<title><![CDATA[Greek Program Back on Track, But More Austerity Seen]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/greek-program-back-on-track-but-more-austerity-seen/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/13/greek-program-back-on-track-but-more-austerity-seen/</guid>
<pubDate><![CDATA[Mon, 13 May 2013 13:35:01 EDT]]></pubDate>
<description><![CDATA[Greece is on track to meet its budget targets this year and next but may have to make further cuts in 2015 and 2016, the European Commission said in a report that will provide the basis for a decision Monday on whether to release more bailout loans for the country.]]></description>
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<title><![CDATA[Analysis: Malta unlikely to follow Cyprus into crisis]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/analysis-malta-unlikely-to-follow-cyprus-into-crisis/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/13/analysis-malta-unlikely-to-follow-cyprus-into-crisis/</guid>
<pubDate><![CDATA[Mon, 13 May 2013 03:52:16 EDT]]></pubDate>
<description><![CDATA[Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their economies.]]></description>
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<title><![CDATA[WEEK AHEAD: Macy's, Wal-Mart to Report; Pricing, Consumer Data Due]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/10/week-ahead-macys-wal-mart-to-report-pricing-consumer-data-due/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/10/week-ahead-macys-wal-mart-to-report-pricing-consumer-data-due/</guid>
<pubDate><![CDATA[Fri, 10 May 2013 13:46:18 EDT]]></pubDate>
<description><![CDATA[Investors are gearing up for next week's slew of quarterly reports from some of the largest U.S. retailers.]]></description>
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<title><![CDATA[Greek Youth Unemployment Soars 60% in February]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/09/greek-youth-unemployment-over-60-percent-in-february/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/09/greek-youth-unemployment-over-60-percent-in-february/</guid>
<pubDate><![CDATA[Thu, 09 May 2013 06:31:48 EDT]]></pubDate>
<description><![CDATA[The country's youth unemployment rate reflects the pain caused by the crippling recession after years of austerity under its bailout.]]></description>
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<title><![CDATA[Cyprus bailout highlights need for banking union: Asmussen]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/08/cyprus-bailout-highlights-need-for-banking-union-asmussen/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/08/cyprus-bailout-highlights-need-for-banking-union-asmussen/</guid>
<pubDate><![CDATA[Wed, 08 May 2013 04:01:05 EDT]]></pubDate>
<description><![CDATA[The bailout of Cyprus shows how urgently the euro zone needs to establish a banking union to break the negative feedback loop between weak banks and governments, European Central Bank Executive Board member Joerg Asmussen said on Wednesday.]]></description>
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<title><![CDATA[Portugal's BCP Bank Swings to &euro;152 Million Loss]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/06/portugal-bcp-bank-swings-to-euro152-million-loss/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/06/portugal-bcp-bank-swings-to-euro152-million-loss/</guid>
<pubDate><![CDATA[Mon, 06 May 2013 14:25:06 EDT]]></pubDate>
<description><![CDATA[Banco Comercial Portugues SA (BPCGY, BCP.LB) said Monday that it swung to a first-quarter net loss, hampered by higher provisions for past-due loans and a loss from its recently sold Greek unit.]]></description>
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<title><![CDATA[Crude Oil Mixed As Market Weighs Escalation In Syria]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/06/crude-oil-mixed-as-market-weighs-escalation-in-syria/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/06/crude-oil-mixed-as-market-weighs-escalation-in-syria/</guid>
<pubDate><![CDATA[Mon, 06 May 2013 10:22:06 EDT]]></pubDate>
<description><![CDATA[Crude-oil futures swung between gains and losses Monday as traders assessed the uptick in violence in Syria and the possibility of further escalation.]]></description>
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<title><![CDATA[EU Suggests More Time for Deficit Reduction]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/03/eu-suggests-more-time-for-deficit-reduction/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/03/eu-suggests-more-time-for-deficit-reduction/</guid>
<pubDate><![CDATA[Fri, 03 May 2013 14:35:03 EDT]]></pubDate>
<description><![CDATA[European Union authorities Friday suggested government austerity policies should be relaxed in a number of countries because of grim economic conditions.]]></description>
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<title><![CDATA[Greece Sells Gambling Company]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/greece-sells-gambling-company/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/greece-sells-gambling-company/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 13:35:03 EDT]]></pubDate>
<description><![CDATA[Greece's government Wednesday accepted a 652 million euro ($860.3 million) bid for the state gambling company OPAP SA (GRKZF, OPAP.AT), marking the first significant asset sale in the country's long-delayed privatization program.]]></description>
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<title><![CDATA[Cyprus bailout scrapes through island's parliament]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/30/cyprus-bailout-scrapes-through-island-parliament/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/30/cyprus-bailout-scrapes-through-island-parliament/</guid>
<pubDate><![CDATA[Tue, 30 Apr 2013 12:24:16 EDT]]></pubDate>
<description><![CDATA[Cyprus's parliament approved an EU bailout on Tuesday which will force it to wind down its second-largest bank and impose heavy losses on uninsured depositors at another, conditions that have intensified calls from islanders to exit the euro.]]></description>
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<title><![CDATA[Insight: Why did Cypriot banks keep buying Greek bonds?]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/30/insight-why-did-cypriot-banks-keep-buying-greek-bonds22076/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/30/insight-why-did-cypriot-banks-keep-buying-greek-bonds22076/</guid>
<pubDate><![CDATA[Tue, 30 Apr 2013 01:33:51 EDT]]></pubDate>
<description><![CDATA[One day last October, a memory stick containing special software for deleting data was placed into a desktop computer at Bank of Cyprus.]]></description>
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<title><![CDATA[Greece passes reform law to unlock more EU/IMF rescue loans]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/28/greece-passes-reform-law-to-unlock-more-euimf-rescue-loans/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/28/greece-passes-reform-law-to-unlock-more-euimf-rescue-loans/</guid>
<pubDate><![CDATA[Sun, 28 Apr 2013 16:54:37 EDT]]></pubDate>
<description><![CDATA[Greek lawmakers on Sunday approved a reform law to unlock about 8.]]></description>
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<title><![CDATA[Bank of Cyprus converts portion of uninsured savings to equity]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/28/bank-cyprus-converts-portion-uninsured-savings-to-equity/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/28/bank-cyprus-converts-portion-uninsured-savings-to-equity/</guid>
<pubDate><![CDATA[Sun, 28 Apr 2013 14:23:41 EDT]]></pubDate>
<description><![CDATA[Cypriot lender Bank of Cyprus said on Sunday it had carried out a conversion of uninsured cash deposits in the bank into equity, one of the conditions of international lenders to offer the cash-starved island financial aid.]]></description>
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<title><![CDATA[Euro zone sees light at end of tunnel, pitfalls remain]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/26/euro-zone-sees-light-at-end-tunnel-pitfalls-remain/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/26/euro-zone-sees-light-at-end-tunnel-pitfalls-remain/</guid>
<pubDate><![CDATA[Fri, 26 Apr 2013 06:47:04 EDT]]></pubDate>
<description><![CDATA[There are no calls for celebration, no desire to relax in the corridors of Brussels but some officials believe the euro zone has turned a corner, sharpening the focus on longer-term reforms and structures.]]></description>
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<title><![CDATA[Gold sale not a priority: Cyprus finance minister]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/23/gold-sale-not-priority-cyprus-finance-minister/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/23/gold-sale-not-priority-cyprus-finance-minister/</guid>
<pubDate><![CDATA[Tue, 23 Apr 2013 04:25:24 EDT]]></pubDate>
<description><![CDATA[Cyprus is not giving priority to a sale of gold reserves under the international bailout agreed this month and is still exploring all options to meet its side of the deal, Finance Minister Harris Georgiades said in an interview.]]></description>
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<title><![CDATA[Era of austerity has run its course, EU says]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/22/era-austerity-has-run-its-course-eu-says/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/22/era-austerity-has-run-its-course-eu-says/</guid>
<pubDate><![CDATA[Mon, 22 Apr 2013 16:14:28 EDT]]></pubDate>
<description><![CDATA[France and Spain fell short of their budget deficit goals last year and debt levels swelled across the euro zone but the pressure may be easing on Paris and Madrid as the European Commission signals an end to sharp spending cuts.]]></description>
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<title><![CDATA[Greek Lenders Work to Fill Gaps from Debt Restructure]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/22/greek-lenders-work-to-fill-gaps-from-debt-restructure/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/22/greek-lenders-work-to-fill-gaps-from-debt-restructure/</guid>
<pubDate><![CDATA[Mon, 22 Apr 2013 15:45:07 EDT]]></pubDate>
<description><![CDATA[Greece's largest lenders are working to raise money to cover massive holes left behind by the country's debt restructuring, with one bank admitting Monday it has given up the chase and will turn exclusively to the government for help, and another saying it has enough funds to prevent a complete loss of management control to the state.]]></description>
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