Greek

  • Can India hope for a jobs upturn in 2014? January 16, 2014

    January gets its name from Greek God Janus who has two faces; one looking forward and the other looking back. Since it is that time of the year, and given that job creation is India's most important challenge, it is as good an opportunity as any to reflect on 2013...
  • Tamil Nadu: Greek national found hanging in Kodaikanal June 28, 2013

    Kodaikanal: A Greek national, who was married to a woman from this hill station town, was found hanging in his farmhouse at Adukkam 20 kms from here, police said on Thursday. Costandinos Tselios, aged about 35, who had come to Kodaikanal in 2007 as a tourist, had fallen in love...
  • 17 nations hit by Euro crisis, scenario worse than forecast February 15, 2013

    The economy of the 17 nations in the Euro shrank by 0.6 per cent in the fourth quarter, which was worse than forecast. ...
  • Athletes urged to think twice before tweeting July 26, 2012

    London: Athletes racing to share their views with fans at the London Olympics may think twice before hitting send following the first expulsion of an athlete for a racist Twitter remark. Greek triple-jumper Paraskevi Papachristou was withdrawn from the London Olympics on Wednesday after causing an uproar in her home nation...
  • European Central Bank cuts rates to new low July 6, 2012

    Frankfurt: The European Central Bank cut its benchmark interest rate to a record low Thursday to spark economic growth but gave little sign it would take further action soon to ease Europe's financial crisis. By cutting its key refinancing rate by a quarter percentage point to 0.75, a move that was...
  • Gunmen ram van into Microsoft's Greek headquarters June 27, 2012

    Athens: Gunmen rammed a van packed with gas canisters into Microsoft's Greek headquarters in Athens and then set the vehicle on fire, causing damage but no injuries, police said on Wednesday. At least two people wielding pistols and a machine gun kept security guards away as they carried out the attack...
  • Greek pro-Eurozone parties look to forge coalition June 18, 2012

    Athens: Political parties supporting Greece's international bailout will begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets. Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday's...
  • G20 nations hail Greece election result June 18, 2012

    Los Cabos: Finger-length and emerald-green, the lawns of time-share condos and all-inclusive resorts seem to gleam in the bright sun as the surf rolls gently against the white-sand beaches of Los Cabos. Sometimes the only noise is the ruffling of palm fronds in the languid ocean breeze. It's an idyllic place...
  • Greece elections: Euro hits 1-month high June 18, 2012

    Singapore: The euro jumped to a one-month high and Asian shares rose on Monday after Greece's cliffhanger election delivered a slim parliamentary majority to pro-bailout parties, a result seen as crucial to European leaders' efforts to hold the euro together. US stock index futures and riskier commodities such as crude oil...
  • Greek exit polls: Top 2 parties neck and neck June 17, 2012

    Athens: In an election crucial for Greece, Europe and the world, exit polls on Sunday showed the two top contenders in Greece to be neck-and-neck. The outcome of Sunday's vote could determine whether Greece remains in the euro or is forced to leave the joint currency, a move that could drag...
  • 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...
  • Greece politician assaults 2 others on live TV June 8, 2012

    Athens: Greece's election campaign turned ugly on live TV. The spokesman of the extreme-right Golden Dawn party, after trading insults of "commie" and "fascist", lunged at two female left-wing politicians on a mainstream morning talk show, throwing water at one and smacking the other three times across the face. The violent...
  • Polls: Greek's pro-austerity parties gaining May 28, 2012

    Athens: Three weeks before Greece has another election, opinion polls published on Sunday indicated the election will result in no single party gaining a majority in parliament, but two parties that favor implementing Greece's bailout programs could be able to form a coalition government. The four surveys show that Greek voters,...
  • 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...
  • Greeks punish main parties, risk euro exit May 7, 2012

    Athens: Greeks angry at years of austerity shrugged off the risk of a euro zone exit and punished their ruling parties, which failed to win enough votes to form a ruling coalition in Sunday's election. With about 95 per cent of the vote counted, conservative New Democracy and Socialist PASOK, who...
  • 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. ...
  • Germany approves second Greek bailout package February 28, 2012

    Berlin: German Chancellor Angela Merkel scraped through a parliamentary vote endorsing a second bailout for Greece on Monday but faced a growing backbench revolt against pouring in more money in support of the euro zone. The comfortable 496-90 victory, with five abstentions, was inflated by centre-left opposition support, but only 304...
  • Europe seals new Greek bailout but doubts remain February 22, 2012

    Brussels: Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses. The complex deal wrought in overnight negotiations buys time to stabilize the 17-nation currency bloc...
  • Eurozone seals a second bailout for Greece February 21, 2012

    Greece has finally secured a crucial second bailout after a marathon session of talks. ...
  • Eurozone seals Greek bailout worth 130 bn euros February 21, 2012

    Brussels: Eurozone finance ministers approved on Tuesday a second bailout for debt-laden Greece that will resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy. After a marathon 12 hours of talks through the night, euro zone officials said ministers had agreed measures to cut Greece's debt...
  • Greece battles to salvage bailout package February 16, 2012

    Athens: Greece's leaders battled to salvage a 130-billion-euro EU/IMF bailout on Wednesday, rejecting criticism of their commitment to a punishing austerity package despite staunch opposition to it among voters. But with mistrust of Athens high, EU sources told Reuters euro zone finance officials were studying whether it was possible to delay...
  • Greek lawmakers approve austerity bill February 13, 2012

    Athens: Greece's Parliament approved a deeply unpopular austerity bill Monday to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens and black-masked protesters fought riot police outside Parliament...
  • 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...
  • Greek protests as France, Spain face squeeze November 18, 2011

    Paris: Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher. More than 30,000 Greeks took to the streets of Athens in a protest rally that marked the first public test...
  • Ex-ECB VP Papademos made Greek interim PM November 10, 2011

    Athens: Former European Central Bank vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone. The coalition will be sworn in on Friday, an official in the president's office said. Papademos, a...
  • New Greek govt to be announced today: Official November 9, 2011

    Athens: A new Greek interim government will be announced this afternoon, a government official said, after critical power-sharing talks between the country's two parties dragged into a third day despite intense European pressure. Negotiations between Prime Minister George Papandreou and opposition leader Antonis Samaras began on Monday in an effort...
  • Greek leaders to pick PM of new government November 7, 2011

    Athens: The leaders of Greece's two biggest parties are due to resume talks on Monday to agree on who should be the country's new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal and prevent imminent bankruptcy. Europe's markets and government, however, remained cautious...
  • Greek leaders to pick PM of new government November 7, 2011

    Athens: The leaders of Greece's two biggest parties are due to resume talks on Monday to agree on who should be the country's new prime minister, after reaching a historic power-sharing deal to push through a massive financial rescue deal and prevent imminent bankruptcy. Europe's markets and government, however, remained cautious...
  • US markets give up hopes for lasting euro solution November 7, 2011

    New York: After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis. That may foreshadow a gloomy holiday season in markets, especially if wary investors opt to reduce risk in their portfolios and take refuge in...
  • 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...