Greek Crisis

  • EU break-up would be catastrophic: Soros 06-01-2012 12:42 PM

    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...
  • Asian shares fall after Greece coalition deal 07-11-2011 07:56 AM

    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...
  • Need coalition to save euro membership: Greek PM 06-11-2011 09:17 AM

    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,...
  • Eurozone crisis principal source of concern: PM 02-11-2011 11:18 AM

    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...