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EU asks Greece to explain derivatives reports

By Reuters Staff
February 15, 2010

By Luke Baker and David Brunnstrom

BRUSSELS, Feb 15 (Reuters) – The European Union has asked Greece to explain reports that it engaged in derivatives trades with U.S. investment banks that may have allowed it to mask the size of its debt and deficit from EU authorities.

EU leaders reach deal to rescue Greece

By Reuters Staff
February 11, 2010

By Marcin Grajewski and Jan Strupczewski

BRUSSELS, Feb 11 (Reuters) – European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.

Euro zone holds intensive talks on Greek rescue

By Reuters Staff
February 10, 2010

By Matthias Sobolewski and Renee Maltezou

BERLIN/ATHENS, Feb 10 (Reuters) – Euro zone countries held intensive talks on Wednesday on a possible rescue for Greece, whose debt crisis has shaken the entire currency union, as civil servants staged the first big strike against Athens’ austerity plans.

European governments agree to help Greece – source

By Reuters Staff
February 9, 2010
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By Matthias Sobolewski

BERLIN, Feb 9 (Reuters) – European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency’s 11-year history.

ECB says can’t bail out Greece, sees contagion risk

By Reuters Staff
February 9, 2010

By Boris Groendahl and Terhi Kinnunen

VIENNA/HELSINKI, Feb 9 (Reuters) – Greece must get its own house in order itself as the European Central Bank cannot bail it out, two ECB policymakers reiterated on Tuesday.

Policymakers try to calm markets after euro sell-off

February 5, 2010

By Andrei Khalip

LISBON, Feb 5 (Reuters) – European policymakers scrambled on Friday to reassure markets about the stability of the 16-nation currency bloc as investors shed euro assets for a second day and Portugal backed a law that may push its swollen deficit higher.

EU exec likely to sue Greece over statistics mess

By Reuters Staff
January 12, 2010

By Jan Strupczewski

BRUSSELS, Jan 12 (Reuters) – The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.

Greek bailout not under discussion, markets suffer

By Reuters Staff
December 15, 2009

By Harry Papachristou and Anna Willard

ATHENS/PARIS, Dec 15 (Reuters) – Greece is not discussing a bailout with other European Union countries, Greek Finance Minister George Papaconstantinou said on Tuesday, when financial markets gave his emergency deficit-cutting plan a thumbs down.

ANALYSIS-After hardball, Greece gets EU solidarity pledges

By Reuters Staff
December 12, 2009

EU High Representative for Foreign Affairs Catherine Ashton (L) poses with Greek Prime Minister George Papandreou during a European Union leaders summit in Brussels December 10, 2009.  REUTERS/Yves Herman By Brian Love, European Economics Correspondent

PARIS, Dec 11 (Reuters) – Reassuring noises from France and Germany suggest Greece can ultimately count on help from its euro zone partners if its debt problems get out of hand — though its partners were content to see financial markets scare Athens for a while.