Greek Crisis

  • PM, Obama discuss euro crisis ahead of G20 summit June 15, 2012

    Washington: US President Barack Obama and Prime Minister Manmohan Singh agreed on Thursday on the need to buffer the global economy against risks from the European debt crisis, the White House said. In a readout of their telephone call before the G20 meeting in Mexico next week, the White House said...
  • Global markets in a turmoil over Greek crisis May 17, 2012

    New Delhi: The Greek tragedy continued to sink markets across the world. The euro plunged to a 4-month low after Greece failed to form a coalition government and a fresh round of elections is in the offing. Analysts say US markets are bracing themselves for the worst. Stock markets fell...
  • Greece elections: Pro-austerity parties suffer losses May 7, 2012

    The big question once the election results are out is whether the pro-austerity parties can scrape together enough seats to form some kind of coalition. ...
  • EU break-up would be catastrophic: Soros January 6, 2012

    Hyderabad: A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying in Hyderabad on Thursday. "Today, the euro is potentially endangering the political cohesion of the European Union," the Business Line newspaper cited...
  • Asian shares fall after Greece coalition deal November 7, 2011

    Tokyo: Asian shares struggled on Monday, with investors still nervous despite the formation of a new Greek unity government intent on avoiding imminent debt default. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.1 per cent, while Japan's Nikkei stock average .N225 fell 0.5 per cent. US stock index...
  • Need coalition to save euro membership: Greek PM November 6, 2011

    Athens: Greek Prime Minister George Papandreou told the Greek President on Saturday that the nation had to forge a political consensus to prove it wanted to keep the euro, launching his push for a new coalition government to save the nation from bankruptcy. Hours after surviving a parliamentary confidence vote, Papandreou...
  • Eurozone crisis principal source of concern: PM November 2, 2011

    New Delhi: Prime Minister Manmohan Singh on Tuesday expected the Summit of world's 20 leading economies (G20) to signal a "strong and coordinated approach" to put the global economy back on track, while addressing medium term structural issues. Singh also underscored the need for swiftly taking the difficult decisions to address...