Greece

Fitch Ratings

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Fitch Downgrades Greece Ratings to Pre-Default Level

16:25 22/02/2012 MOSCOW, February 22 (RIA Novosti)

International rating agency Fitch has downgraded Greece's long-term foreign and local currency Issuer Default Ratings to C from CCC and affirmed the short-term foreign currency rating at C, the agency said on Wednesday.

Transmissions from a Lone Star: Notes on the Landscapes Spotted in the Backgrounds of News Reports
12:55 22/02/2012
Recently I started a daily ritual of watching Euronews after dinner. I’m not sure why I find the channel so absorbing, as when I actually lived in Europe I found it incredibly dull. And not dull in a smug, irritating BBC way but just… soul-crushingly boring, as is characteristic of anything that begins with the chilling prefix “Euro-”.
Europe’s Financial Pill Won’t Cure Greece
10:38 22/02/2012
On February 21 eurozone finance ministers agreed to a second bailout for Greece – it has received a 53.5% reduction of its debt to private banks and will get up to 130 billion euros from the International Monetary Fund.
EU Bailout Unlikely to Save Greece – Nobel Laureate Krugman
18:32 21/02/2012
The EU austerity plan for Greece will not rescue the country from default, Paul Krugman, Princeton University professor and winner of the 2008 Nobel Prize in economics, said in his blog in The New York Times on Tuesday.
Eurozone, IMF Approve Second Greek Bailout
10:16 21/02/2012
Eurozone countries and the International Monetary Fund will provide a second 130-billion euro bailout aid package to Greece to help it repay its massive debt and avoid a default, Eurogroup President Jean Claude Juncker said on Tuesday.
Europe Must Choose Between an Iranian Oil Embargo and Default
22:33 20/02/2012
Experts say that if Iran stops its oil deliveries to the European Union, the EU will need several weeks to find alternative suppliers. Britain and France, to which Iran stopped deliveries on Saturday, February 19, are unlikely to be hit hard, but Greece, which is tottering under the weight of its economic problems and is the largest importer of Iranian oil, will most likely have to declare a default.3
Protestors Clash with Riot Police in Athens
12:02 20/02/2012
Scuffles broke out in the centre of Athens on Sunday after a demonstration against the government's austerity measures.
Iran Cuts Oil Exports to UK, France
17:46 19/02/2012
Iran has stopped oil exports to British and French companies, the Islamic republic's oil ministry said on Sunday.1
Greek Conservative Leader Gives Reform Assurances in Bailout Deal
17:13 15/02/2012
Greek conservative party leader Antonis Samaras has sent a letter to the European Union and the IMF with assurances of implementing new austerity measures, the local TV channels reported on Wednesday.
Iran Halts Oil Supplies to 6 European States
16:58 15/02/2012
Iran has stopped oil supplies to six European countries in response to the latest sanctions imposed by the European Union against its energy and banking sectors, Iran's state-run Press TV reported on Wednesday.1
Asia Stocks Close Higher on China Pledge, Greece
13:40 15/02/2012
Key Asia-Pacific stock market indices closed higher on Wednesday amid investor optimism that the Greek bailout deal was close at hand and on China’s pledge to invest in Europe’s bailout funds and boost its euro asset holdings, market data suggested.
Explosions, looting and arson attacks in Athens riots
23:38 13/02/2012
Mass riots began in Athens on February 12 when thousands of people protesting against a new loan agreement between Greece and the EU pelted the police with stones and Molotov cocktails.
Greece to Complete Private Creditor Bond Swap in March
17:06 13/02/2012
Greece will complete a debt restructuring deal with private creditors in March to help the country stay afloat and avoid default on its massive debt, a government spokesman said on Monday.
Greek Default Worse than Belt-Tightening – EU
16:18 13/02/2012
A disorderly default will be far worse for Greece and its population than the implementation of the country’s second austerity plan, European Commission Vice-President Olli Rhen said on Monday.
Russian Ruble, Stocks Surge as Greece Passes Austerity Plan
12:17 13/02/2012
Russian stocks and the ruble moved higher on Monday as the Greek parliament approved new austerity measures needed to secure a 130-billion euro ($170-bln) bailout to avoid default and investor risk appetite returned to the markets.
Greek Parliament Approves Austerity Plan
03:49 13/02/2012
Greece’s parliament has approved austerity measures requested by the Eurozone and the International Monetary Fund to secure a 130-billion euro ($170bln) bailout to avoid default, a RIA Novosti correspondent reported on Monday.
Protesters Clash with Police in Athens
23:26 12/02/2012
Black-hooded protesters hurling stones and petrol bombs on Sunday battled Greece's parliament as lawmakers inside debated deeply unpopular austerity measures to secure a bail-out program aimed to stave off bankruptcy.
Tens of Greek MPs Set to Vote Against New Austerity Measures
02:54 12/02/2012
Dozens of Greek parliamentarians threaten to vote on Sunday against the requested package of new austerity measures
Greece Approves New Austerity Measures
06:58 11/02/2012
The Greek cabinet has approved a pack of new austerity measures requested by the Eurozone and the International Monetary Fund to secure a 130-billion euro ($170bln) bailout to avoid default, the Greek national television reported on Saturday.
Russian Press at a Glance, Friday, February 10, 2012
08:34 10/02/2012
A brief look at what is in the Russian papers today

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