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Friday 4 November 2011

GREECE Today, Nov 04, 2011


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Greek PM scraps referendum, seeks unity government
USA Today
By Douglas Stanglin, USA TODAY Greek Prime Minister George Papandreou today scrapped plans for a debt bailout referendum, averting a political and economic showdown with the European Union, and opened emergency talks with opposition leaders. ...
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USA Today
Fred Bergsten Analyzes Greece Financial Crisis
PBS Nightly Business Report
SUSIE GHARIB, NIGHTLY BUSINESS REPORT ANCHOR: High drama in Greece today, raising questions about its future in the European Union. As world leaders meet in Cannes, France for a summit of the top 20 countries, the Greek and European debt crisis ...
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Here are cues that will drive market today
Moneycontrol.com
Nonfarm payrolls data for October expected today. Consensus estimates indicate it rising to 103000. Meanwhile, unemployment rate is expected to hold steady at 9.1%. The European markets ended higher on hopes of aGreek resolution. ...
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Moneycontrol.com
Today's Top Stories: Greek Government Close to Collapse
Portfolio.com (blog)
"Most importantly, it starts off a political mechanism that could eventually result inGreece leaving the euro." (New York Times, Reuters, CNBC, Financial Times) Groupon IPO rumored for Friday: Groupon will price its initial public offering today, ...
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Asia Stocks, Won Gain on Greece Aid Outlook; U.S. Futures Fall
San Francisco Chronicle
"There's less risk today because people are little less concerned that Greece will run on its own direction," Michael Vogelzang, chief investment officer at Boston Advisors LLC, said in an interview with Bloomberg Television. ...
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Risk Rally as Greek Referendum is Canceled
ACM
It seems increasingly unlikely that even if Papandreou survives today vote that the Troika would release the 6th tranche in time to pay Greece's next maturing bond. We should get the result of the Greek confidence vote around 22:00 GMT today. ...
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Sensex Index Halts Three-Day Drop Before G-20 Meeting; Reliance, BHEL Gain
Bloomberg
“The Greece vote is expected to ratify some of the austerity measures proposed by the European nations. Some clarity on Greece will be a positive for domestic market sentiments.” Today's summit of leaders from the Group of 20 economies opens at Cannes, ...
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Composition of Greek Government Doesn't Really Matter
FXstreet.com
by Megan Greene - Economistmeg.com | View company's profile Today has been a whirlwind of rumours coming out of Greece. One thing seems clear: a referendum is off the table now. What remains unclear is what will happen to the government. ...
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STOCKS SURGE AND GREECE IS STILL IN CHΔOS: Here's What You Need To Know
Business Insider
Lots of headlines coming out of Greece today. Ultimately, Prime Minister George Papandreau backtracked on his call for a referendum on the Greek bailout package and eurozone membership. “I will be glad even if we don't go to a referendum, ...
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Business Insider
U.S. Stocks Rise as Greece Abandons Referendum, ECB Cuts Rates
San Francisco Chronicle
The Dow Jones Industrial Average increased 145.24 points, or 1.2 percent, to 11981.28today. "They're pushing the Greeks to the wall," Peter Sorrentino, a senior fund manager at Huntington Asset Advisors in Cincinnati, which oversees $14.5 billion of ...
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Markets Live: Shares rally as Greece backs down
Sydney Morning Herald
10.42am: Back to Greece, where the turbulences are far from over. Prime Minister Papandreou faces a knife-edge confidence vote today after his plan for a referendum on a bailout backfired disastrously. But even if his socialist government survives the ...
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China's Stocks Advance, Capping Biggest Weekly Gain in Asia
BusinessWeek
4 (Bloomberg) -- Chinese stocks rose today, capping the biggest gain among major Asian indexes this week, as Greece signaled it won't hold a referendum on a bailout package and on speculation China will take more measures to boost growth. ...
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Fear, Frustration, and the Eurozone Crisis
Ninemsn
Yesterday, I gave a very brief overview of what's going on in the eurozone, and Greece in particular. Today we'll examine how Fools have reacted, and how you can actually benefit from the mess in Europe! Over the past week, The Motley Fool put out a ...
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Greece's Papandreou faces a no-confidence vote in parliament today
FXstreet.com
Robert Browning (1812-1889) Greece's Papandreou faces a no-confidence vote in parliament today. Greenwich Mean Time, with expectations and previous figures in brackets. 10:00 EZ17 September PPI (+0.1% to +0.5% M/M, +5.7% to +6.0% Y/Y, versus –0.1% to ...
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Commerzbank Reports Quarterly Loss on Greek Writedowns
BusinessWeek
The net loss was 687 million euros ($949.2 million), compared with a 113 million-euro profit in the year-earlier period, according to a statement from the Frankfurt-based banktoday. Analysts surveyed by Bloomberg had, on average, estimated the company ...
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Baht Rises After Greece Scraps Referendum; Floods Still a Risk
BusinessWeek
“The baht's daily move is influenced mainly by news from Europe with risk appetite slightly improving today on Greece,” said Kozo Hasegawa, a trader at Sumitomo Mitsui Banking Corp. in Bangkok. “Trading has been thin as companies have been on the ...
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Nifty may move higher, but will remain volatile: Udayan
Moneycontrol.com
A surprise 25 bps rate cut by ECB and Greece calling off the referendum gave Wall Street its second session of strong gains. Asian markets are also trading higher today. CNBC-TV18's managing editor Udayan Mukherjee says, the global markets are much ...
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Baht Rises After Greece Scraps Referendum; Floods Still a Risk
Bloomberg
“The baht's daily move is influenced mainly by news from Europe with risk appetite slightly improving today on Greece,” said Kozo Hasegawa, a trader at Sumitomo Mitsui Banking Corp. in Bangkok. “Trading has been thin as companies have been on the ...
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What's Critical Today in the Financial World (11/3/2011) Greece Falls Apart ...
24/7 Wall St. (blog)
Will Greece be kicked out of Eurozone? Greece is on the brink of expulsion from the eurozone. That would cause an immediate default of the nation's sovereign debt, as well as trigger a series of events that could, among other things, render some of the ...
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NZ dollar up on European interest rate cuts
Stuff.co.nz
The New Zealand dollar rose against the greenback today despite some uncertainty inGreece and news of Australia cutting its domestic growth outlook, with the surprise cut in interest rates from the European Central Bank boosting the currency. ...
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White House: Debt-Crisis Plan Remains the Same, Despite Internal Greek Politics
ABC News (blog)
CANNES, France – Amid reports that Greek Prime Minister George Papandreou is preparing to resign, the White House today stressed that, regardless of what happens inGreece, the Eurozone debt deal must be implemented swiftly. “The steps that need to be ...
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Risk of Greek Bank Run, End of Euro Rising, AGI's Utermann Says
BusinessWeek
A bank run in Greece is a “real danger” and the country's plan for a referendum on the European bailout package is a “very serious threat” to the currency, Andreas Utermann, the firm's chief investment officer, said at a press event in Frankfurt today. ...
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Daily FX Strategy
Action Forex
The USD largely reacted to developments from Europe yesterday with Greece now looking likely to avoid the worst scenario of a disorderly default scenario and Greeceexit. Today market will briefly turn their focus to nonfarm payrolls, the market is ...
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India Forex`s technical outlook on currencies
Moneycontrol.com
Dollar is weak today on prospect that Greek Prime Minister hinted he won't call for a referendum next month on a bailout plan, easing concern that Greece will default on his debt obligations. Looking ahead Non-Farm Employment Change data is expected ...
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Moneycontrol.com
Who Cares About Greece? It Is All About The Dollar
YouTube
There are reports that Greek leader George Papandreou will resign today. Who can believe any of this news? The irony of the entire situation is how the market rallies higher on this pathetic news. Greece should not be the topic anymore, the problems ...
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Greek PM appears to back off referendum « News Hub Today
By NewsHubToday
Athens (CNN) — Greek Prime Minister George Papandreou is backing off plans to hold a controversial referendum on an international bailout for his country, he told his Cabinet Thursday, saying there was no need for it given opposition ...
News Hub Today
Greek PM scraps plan for referendum — RT
By RT
Greek Prime Minister George Papandreou has scrapped his plan for a referendum on the EU bailout package. Earlier he denied rumors of his possible ... Go to main page News Greek PM scraps plan for referendum. MORE ON THE STORY ...
News RSS : Today
President Obama Arrives at G20 Summit; Meetings Focus on Greece ...
By Fox and Friends
President Obama arrived at the G20 Summit in France Thursday and laid out the most important task at hand — solving Europe's financial crisis before it does anymore harm to the U.S. economy. The focus of the meetings has taken a sharp ...
Fox News Insider
In The News Today « Jim Sinclair's Mineset
By Jim Sinclair
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below. ATHENS, Greece (AP) — A spokesman for Greece's government says it is prepared to discuss an opposition demand for the creation ...
Jim Sinclair's Mineset
Greece upset calculations, let it not spillover: Manmohan (Roundup)
Greece upset calculations, let it not sp...India also made a strong plea for tackling the iss..."The announcement of a referendum by the gove..."Although the Eurozone countries have the pri...Greek Prime Minister George Papandreou had sent th ...
Daily News Headlines | Today's...
Greek crisis: Referendum cancelled amid chaos - Thursday ...
By Graeme Wearden
Samaras was heckled by MPs from the ruling Pasok party when he told the parliament that he had actually agreed to the conditions of Greece's latest bailout on October 27th (the Pasok deputies questioned why we only learned this today). Samaras, though ....2.22pm: Breaking news from Athens -- leaks from the cabinet meeting show that Papandreou has acknowledged that he can't hold the referendum, as exiting the eurozone would endanger Greece's future. Friday night's vote of ...
Blogposts | guardian.co.uk
Making sense of the financial situation in Greece | WUFT News
By Donna Green-Townsend
The plan to put a European rescue deal to a vote in Greece was scrapped today. TheGreek Prime Minister changed his mind after a widespread rebellion from within his own Socialist party over the referendum idea. Florida 89.1, WUFT-FM's ...
WUFT News
What's Critical Today in the Financial World (11/3/2011) Greece ...
By Douglas A. McIntyre
Will Greece be kicked out of Eurozone? Greece is on the brink of expulsion from the eurozone. That would cause an immediate default of the nation's sovereign debt, as well as trigger a series of events that could, among other things, render ...
24/7 Wall St.
Markets at Work Discovering Worth
By Bill Bonner
They heard rumors that maybe Greece wouldn't hold a referendum on further austerity moves. They saw France and Germany twisting the Greeks' arms. Maybe Europe will get its act together, after all, they said to themselves. But today's news ...
The Daily Reckoning
Events in Greece overshadow G20 summit in France « Across the ...
By thomaseleonard
News from Greece spread across the Mediterranean today, as G20 leaders meet in Cannes, France. While the Group of 20 is supposed to reflect the ideas of emerging powers – such as Brazil, Russia, India and China – beyond the scope of ...
Across the Pond
BBC News - Today - 'Horrible connotations' if Greece leaves euro
Twenty of the world's most powerful leaders have been arriving in Cannes for the G20 summit, where the eurozone crisis and Greece will dominate the agenda.
www.bbc.co.uk/today/hi/today/newsid.../9630585.stm
Greek PM reportedly ready to step down - TODAY News - TODAY.com
Greece's prime minister on Thursday abandoned his explosive plan to put a European rescue deal to popular vote, amid reports he is considering stepping ...
today.msnbc.msn.com/.../greece-scraps-public-vote-eu-bailout...
Today's Market Primer: Greece News Is the Driver - TheStreet
News from Europe, particularly Greece, is driving the market Thursday.
www.thestreet.com/.../market-morning-greece-news-is-the-dri...
Debt crisis: live - Telegraph
George Papandreou rejects calls from Greek opposition leader Antonis Samaras to resign, while ... US jobs figures out today closely watched for signs of growth ...
www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html
EU acts to shield euro from Greece - Arizona News from USA Today
EU acts to shield euro from Greece - Arizona News from USA Today.
tucsoncitizen.com/usa.../eu-acts-to-shield-euro-from-greece/
Greek PM scraps referendum, seeks unity government
By Douglas Stanglin, USA TODAY Greek Prime Minister George Papandreou today ...Update at 11:10 am ET: The Greek English-language newspaper Ekathimerini ...
content.usatoday.com/communities/ondeadline/post/.../1
Greek PM scraps referendum plan - Business Today - Business News
Ignoring increasing calls to step down, Greece's prime minister announced on Thursday he would seek emergency talks with the opposition conservatives after ...
businesstoday.intoday.in/story/greece-referndum/.../19803.ht...
News & Comments: Greece today - may hold early bailout ...
http://www.euronews.net/ Greece's planned referendum on its latest bailout deal may be held earlier than expected, according to its Interior Minister. ...
itccommunicationsnet-johnnichols.blogspot.com/.../greece-tod...
Greek PM expected to step down today - Newstalk.ie
Expectation is growing that the Greek Prime Minister is poised to step down. It is understood George Papandreou will offer to resign later today. It.
www.newstalk.ie/.../greek-pm-expected-to-step-down-today/
Greece may leave euro, leaders admit | LATEST NEWS | HEADLINE ...
G20 summit on eurozone crisis is dominated by news about Greeks, while IMF is given more cash and fears grow ... Published By: World News: EURO - Today ...
www.headlinenewsonline.com/.../greece-may-leave-euro-leade...

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