Bureau Chief, Greece & Cyprus
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Feb 3, 2012

A tale of two technocrats: paths diverge for Greece and Italy

ROME/ATHENS (Reuters) – Greek Prime Minister Lucas Papademos and Italy’s Mario Monti were appointed within days of each other last November to replace politicians who took their countries to the brink of financial collapse.

Both sober former economics professors who have helped cement “technocrat” into the lexicon of Europe’s debt crisis, they were rushed in to head emergency governments as fears grew that the entire euro project was heading for a train wreck.

Jan 27, 2012

Exclusive: Greek PM Papademos expects debt swap deal in days

ATHENS (Reuters) – Greece expects to conclude difficult debt talks with private creditors within days and negotiations with the EU and the IMF on a new bailout deal by the middle of next week, Prime Minister Lucas Papademos told Reuters on Friday.

Speaking at his neo-classical office shortly before resuming talks with bankers on a bond swap deal that is key to saving the euro zone member from bankruptcy, Papademos said: “Greece will not default.”

Jan 27, 2012

Greek PM expects debt swap deal in days

ATHENS, Jan 27 (Reuters) – Greece expects to conclude
difficult debt talks with private creditors within days and
negotiations with the EU and the IMF on a new bailout deal by
the middle of next week, Prime Minister Lucas Papademos told
Reuters on Friday.

Speaking at his neo-classical office shortly before resuming
talks with bankers on a bond swap deal that is key to saving the
euro zone member from bankruptcy, Papademos said: “Greece will
not default.”

Jan 27, 2012

EU, IMF press Greece on reforms, Rehn upbeat on debt

ATHENS (Reuters) – Greece expects to conclude difficult debt talks with private creditors within days and negotiations with the EU and the IMF on a new bailout deal by the middle of next week, Prime Minister Lucas Papademos told Reuters on Friday.

Speaking at his neo-classical office shortly before resuming talks with bankers on a bond swap deal that is key to saving the euro zone member from bankruptcy, Papademos said: “Greece will not default.”

Jan 24, 2012

Greek creditors urge quick deal after eurozone

ZURICH/ATHENS (Reuters) – Greece’s private creditors pleaded Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.

Athens’ hopes for a swift deal with lenders were evaporating after euro zone ministers Monday rejected creditors’ demand for a 4 percent coupon, or interest rate, on new, longer-dated bonds in exchange for existing debt.

Jan 24, 2012

Greek creditors urge quick deal after eurozone knockback

ZURICH/ATHENS, Jan 24 (Reuters) – Greece’s private
creditors pleaded on Tuesday with European officials who
rejected their bond swap offer to hammer together a deal before
Athens tumbles into a chaotic default.

Athens’ hopes for a swift deal with lenders were evaporating
after euro zone ministers on Monday rejected creditors’ demand
for a 4 percent coupon, or interest rate, on new, longer-dated
bonds in exchange for existing debt.

Jan 24, 2012

Greece clings to hope of debt deal despite setback

BRUSSELS/ATHENS, Jan 24 (Reuters) – Greece was
clinging on Tuesday to hope of a last-minute bond swap deal to
avoid a messy default after euro zone officials sent talks back
to square one by rejecting a final offer from the country’s
private bondholders.

Athens is desperate for a deal within days to ensure funds
from a 130 billion euro rescue plan drawn up by European
partners and the International Monetary Fund arrive before 14.5
billion euros bond redemptions fall due in March.

Jan 24, 2012

Greek conservatives insist on April 8 election

ATHENS (Reuters) – Greece’s co-ruling conservative New Democracy party wants snap elections as soon as the troubled euro zone member clinches a new bailout deal to avoid a messy default, and no later than April 8, its leader Antonis Samaras told Reuters on Tuesday.

He said Greece was in a long-term depression, rather than just a recession. But he also expects a deal with Greece’s creditors to be agreed by March 5 at the latest.

Jan 21, 2012

Greece’s creditors leave Athens

LONDON/ATHENS (Reuters) – The representatives of Greece’s private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.

Negotiations will continue over the phone during the weekend but it is unlikely that an agreement can be clinched before next week, the sources said, as Athens races against the clock to strike a deal.

Jan 21, 2012

Greece’s creditors leave Athens, talks to continue

LONDON/ATHENS (Reuters) – The representatives of Greece’s private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters.

Negotiations will continue over the phone during the weekend but it is unlikely that an agreement can be clinched before next week, the sources said, as Athens races against the clock to strike a deal.

    • 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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