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By Marlene Y. Satter, AdvisorOne |
September 10, 2012
Prime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.
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By Marlene Y. Satter, AdvisorOne |
September 4, 2012
Despite the prime minister's about-face from austerity opposition to austerity enforcer, public sentiment in Germany and Austria is rising against any further help to the beleaguered country.
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By Marlene Y. Satter, AdvisorOne |
August 27, 2012
Chancellor Merkel of Germany took to the airwaves over the weekend to try to quell ever-louder exitmongering talks among her political colleagues at home as they declared that Greece should depart the eurozone.
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By Marlene Y. Satter, AdvisorOne |
August 27, 2012
After meeting with Prime Minister Samaras of Greece on Saturday, President Hollande of France reiterated that Greece must remain in the eurozone—echoing the words of the German chancellor, Angela Merkel, the day before.
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By Marlene Y. Satter, AdvisorOne |
August 24, 2012
German officials seem to be backing away from earlier hints that leniency would be possible toward Greece on complying with the budget constraints of its bailout package.
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By Marlene Y. Satter, AdvisorOne |
August 23, 2012
Despite Greece's attempt to win additional time to comply with bailout conditions, Chancellor Merkel of Germany and President Hollande of France were discussing ways to send a firm message that Athens must adhere to its original conditions.
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By Marlene Y. Satter, AdvisorOne |
August 15, 2012
Prime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
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By Marlene Y. Satter, AdvisorOne |
July 23, 2012
Depending on the result of the review to be conducted this week by the troika, Greece could end up being ridden right out of the eurozone.
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By Marlene Y. Satter, AdvisorOne |
June 26, 2012
The troubled eurozone continued to experience turmoil as Moody’s downgraded 28 Spanish banks and Cyprus requested a bailout that could amount to more than half its economy.
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By Marlene Y. Satter, AdvisorOne |
June 19, 2012
At the summit meeting of G-20 leaders in Los Cabos, Mexico, the focus was on strengthening the firewall of the IMF and pushing Germany to relent on pooled debt and increasing deficit spending.