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Apr 29, 2012

Socialist leader appeals to Greeks to stop the far-right

PATRAS, Greece (Reuters) – Greek Socialist leader Evangelos Venizelos warned voters they were opening the gates of parliament to the “goose-stepping” far-right and appealed for understanding over his party’s support for austerity in return for an international bailout.

Venizelos took leadership of the Socialist PASOK party, for decades Greece’s largest, earlier this year to try to win back support in next Sunday’s election, when voters are set to punish those parties that backed painful austerity measures.

Apr 23, 2012

Greek election a puzzle that could derail bailout

ATHENS (Reuters) – Greek voters are unlikely to pick a clear winner in a snap election that is expected to send a record number of parties to parliament next month and test the international bailout keeping the country afloat.

Political analysts say the outcome of the May 6 election is hard to predict. The conservative New Democracy party is seen ahead but not by enough to take sole charge of the indebted euro zone member.

Apr 11, 2012

Greece calls May 6 poll that may create stalemate

ATHENS (Reuters) – Greece called a snap election for next month on Wednesday, opening a campaign that may produce no clear result and threaten implementation of the international bailout plan that saved the nation from bankruptcy.

Prime Minister Lucas Papademos said in a televised address to the nation after meeting the president that the parliamentary election would be held on May 6.

Mar 14, 2012

Greece presses charges over alleged ’08 plot against PM

ATHENS, March 14 (Reuters) – A Greek prosecutor
pressed charges of treason and trying to destabilise the country
against unknown suspects on Wednesday over an alleged 2008 plot
to overthrow the then-conservative prime minister, Costas
Karamanlis.

Court officials said the plan was hatched to thwart efforts
by Karamanlis efforts to improve energy relations with Russia
and included overthrowing and even killing the premier. It was
not clear who was behind it.

Mar 5, 2012

Greek finance minister tells bondholders swap offer is final

ATHENS (Reuters) – Greek Finance Minister Evangelos Venizelos warned Athens’ private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get.

Venizelos told Reuters in an interview three days before the exchange offer expires, that the terms hammered out last month after months of tortuous negotiations were favorable and Greece would not hesitate to activate laws forcing losses on bond holders who did not willingly sign up.

Mar 5, 2012

Top lenders back Greek bond swap plan

LONDON/ATHENS, March 5 (Reuters) – Major Greek
bondholders voiced their support on Monday for a deal that will
decimate the value of their holdings as their contribution to
keeping the country afloat.

The steering committee of creditors, which includes 12 major
investors in Greek bonds and was involved in drawing up last
month’s landmark deal, said it would accept the bond swap offer.

Mar 5, 2012

Greek FinMin tells bondholders swap offer is final

ATHENS (Reuters) – Greek Finance Minister Evangelos Venizelos warned Athens’ private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get.

Venizelos told Reuters in an interview three days before the exchange offer expires, that the terms hammered out last month after months of tortuous negotiations were favourable and Greece would not hesitate to activate laws forcing losses on bond holders who did not willingly sign up.

Mar 5, 2012

Greece’s Venizelos tells bondholders swap offer is final

ATHENS (Reuters) – Greek Finance Minister Evangelos Venizelos warned Athens’ private creditors on Monday not to hold out but take the bond swap on which a second bailout of the debt-ridden country depends because it was the best deal they would get.

Venizelos told Reuters in an interview three days before the exchange offer expires, that the terms hammered out last month after months of tortuous negotiations were favourable and Greece would not hesitate to activate laws forcing losses on bond holders who did not willingly sign up.

Feb 16, 2012

Greece battles mistrust to target bailout deal

ATHENS, Feb 16 (Reuters) – Greece expressed hope it
was within days of finally securing a 130-billion-euro EU/IMF
bailout to ease its debt crisis but markets reacted sceptically
on Thursday as acrimony grew between Athens and euro zone
partners led by Germany.

Frustrations exploded as Greek President Karolos Papoulias,
an 82-year-old veteran of the resistance to Nazi occupation of
Greece during World War Two, lashed out at Germany’s finance
minister for appearing to suggest Greece might go bankrupt.

Feb 15, 2012

Greece seeks Monday bailout deal, EU questions remain

ATHENS, Feb 16 (Reuters) – Greece expressed hope it
can secure its second EU/IMF bailout in as many years and a deal
on easing its debt burden next week, but its euro zone peers
made clear the months of increasingly ill-tempered argument are
not quite over yet.

Finance Minister Evangelos Venizelos said the Greek side had
met the final two demands set by the European Union and IMF to
seal the 130 billion-euro rescue, which Athens needs to avoid a
chaotic default when big debt repayments fall due in March.

    • About Dina

      "Based in Athens, in charge of text, pictures and TV teams covering Greece and Cyprus since 2005. Previously based in Bucharest, in charge of Romania and Bulgaria."
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