Greece

If Italy and Greece had not been so over-indebted and sclerotic, they would not be in such trouble today.

The deals are all the more surprising because China's experience in Greece has not always been easy.

Economists are now, as you know, comparing Britain's fiscal condition with Greece's.

One of the ways Greece is trying to make up its budget shortfall is to lower the pay floor for those who were just joining the workforce.

And China, at least, seems to have decided that Europe and its currency are worth saving, making investments in Spain and in Greece.

Despite a year of grinding hardship Greece looks ever more likely to have to restructure its debts.

Speculation mounted ahead of a summit of European Union leaders that Greece would be offered some sort of financial rescue package.

Not even the recent changes of government in Greece and Italy seem to have done much to improve investor sentiment.

What of that later Greece, Pericles' "golden age, " which we tend to think of as the height of civilization?

None of Europe's leaders likes this option but it would be money well spent if it put Greece's debt on a sustainable path.

The French and German banking federations protested against the idea, saying it was the wrong approach to help Greece.

Bafin, the German regulator, said on March 8 there was no evidence speculators using credit default swaps contributed to Greece's woes.

One of her first tasks as IMF chief will be to help hammer out a second bailout package for Greece.

For bold investors, such a gap is ample insurance against the risk that Greece may not able to pay back all it has promised.

Market makers in eurozone government bonds said the market was no longer functioning for the weaker economies of Portugal, Spain and Greece.

At least one of these options was wrong, and neither may be enough to save Greece.

If the money were, however, to be considered a normal credit, then Greece would be entitled to get the money back.

One of the problems with communication in Ancient Greece was that the bearer of bad news was often executed.

Many perished trying to escape from Zacharo, a village in the Elis district in south-western Greece, as it was engulfed by flames.

European Union leaders have reaffirmed their commitment to help Greece out of its current debt woes and maintain EU financial stability.

The European agreement appears to be an attempt to remove Greece as a lightening rod and build a firewall around Spain and Italy.

There was a place in ancient Greece called Magnesia and this place was a source of several useful mineral products back in ancient times.

In Europe, delays in admitting that Greece borrowed too much turned what might have been a difficult but manageable problem into a calamity.

I met a guy when I was in Greece, but I knew it was just a holiday romance.

'At the moment, the best way to help is to make it clear that Greece should do its homework, ' Ms. Merkel said.

But on the streets of Athens, there is a sense that this latest effort to placate Greece's lenders may be a last straw for the public.

More troubling is that if Greece were to leave, it would raise the question of whether other countries would be next.

It is a sign that European countries may be moving closer to a deal to help Greece out of its immediate financial straits.

This cultural inheritance was part of the general succession of the Roman world over that of classical Greece.

Let me first of all extend to you and through you, to the people of Greece my cordial greetings and best wishes.

That certainly seems to be the case with Greece, where the numbers suggest that it will be impossible to avoid restructuring its debt.

In the end, she was simply not able to explain to the German people why she had to support Greece.

From now, in each Olympic Games hold, at the closing ceremony to be able to hear this melodious ancient Greece music.

But she disdains America's profligacy just as much as she does that of Greece and the other debt-burdened eurozone economies.

Indeed, he notes that the Greek rescue was more an attempt to hide the losses of banks, particularly French banks, than to save Greece.

That would be a reminder the bond vigilantes are still watching, even if they haven't yet decided to strike as they did in Greece.

It is easy to see that this rule excludes Greece.

They did not expect to be mugged by the spectrum renewal process shortly after setting foot in Greece.

Markets wouldn't be disrupted by a selective default if it were in the framework of a lasting solution for Greece, ' he said.

If Greece is to do more than simply stagger from bail-out to bail-out, the country needs a profound change in its political culture.

There is no reason why Greece couldn't capture some of that tourist market if it returns to a cheap currency.

Last week's flame-lighting ceremony in Greece was hit by a protest and future legs of the torch relay are expected to be targeted as well.

Well, at this point, Greece, where the crisis began, is no more than a grim sideshow.

After all, there was no legal mechanism for a country like Greece to leave the monetary union.

If it is inevitable that an insolvent Greece is going to have to restructure, it would be better for Greece to do it now.

"Henceforth, the European Union will escort Greece's privatisation programme as if we were conducting it ourselves, " he said.

Grudging co-operation has been sustained by fear that if Greece runs out of money, it will drag the rest of Europe down with it.

Speaking after the announcement, he said he was taking over at a "critical point" for Greece.

Greece is no longer a concern as it has emergency loans to cover its funding for the next two years.

With the details of an additional bail-out for Greece still to be hammered out, Germany wants private investors to share the burden.

If Europe is too proud to call on the IMF, it will have to come up with its own fund as a backstop for Greece, and quickly.

How much intrusion into national policies are Greece and Italy ready to accept?

France is in the same quality of race as Greece and Italy. She is Athenian in the matter of beauty, and Roman in her greatness.

That has combined with a flare up in Europe, where worries are increasing that Greece may soon default on its debts.

And Greece is only a symptom of a wider problem: Does the eurozone make sense as a currency union?

This would be enough to take Greece out of the market, if necessary, for more than two years.

Greece would not have such a problem with higher bond yields if it had not borrowed so much money in the first place.

Feeling certain that she alone could save Greece from a possible internecine strife, she was ready to die a noble death.

Unfortunately, in the case of Greece and Portugal at least, even this will not guarantee continued membership of the euro.

Back then, he said, 'the crisis in Greece would have already bankrupted Brazil. '

Instead, a year after the rescue of Greece, then of Ireland and now of Portugal, anxiety seems to be growing.

Gymnasiarch An extremely popular occupation in ancient Greece was that of professional athlete.

If it fails to do so, Greece may be forced to bid farewell to its membership of the euro zone, whether it wants to or not.

"We get people from all over: Spain, Greece, France, Britain, even the US and Japan, " said the young man in charge.

"Why should China use taxpayers' money to help out the sovereign of Greece when the money could better help Chinese schoolkids? " he said.

Contrary to what is often asserted, Greece would not collapse if it quit the euro.

Philip II of Macedon , leader of most of Greece, and his son Alexander the Great decided to take advantage of this weakness.

Greece set reason in a prominent place in answering the question of "what is human being" .

Although it shares something of Ireland's banking woes and of Greece's wretched competitiveness, it is in less trouble than either.

In January the German government was "not considering" financial aid to help Greece out of its budgetary hole.

HOW much does Mr Market dislike Greece's sovereign debt?

How much would Greece suffer if it opted for default instead?

Ms. Merkel backed down on June 17, agreeing to ask bondholders only for a 'voluntary' contribution to the rescue of Greece.

EVER since Greece plunged into a sovereign-debt crisis in 2009, investors have focused on which European country might be next.

But if Greece's partners bail it out, defying the euro's founding treaty, the currency will suffer. Either way, the euro is in trouble.

If Greece is to get itself out of trouble, fixing the public finances is only the beginning.

Cosco's chairman, Wei Jiafu, recently vilified in Greece, is now referred to affectionately by the local media as "Captain Wei. "

That we might have a financial situation where a possible default of Greece might have knock-on effects around the world as well.

He insisted on Wednesday April 28th that there was "no question" of Greece's debts being restructured.

Not all the details are clear but the plan seems to do too little to help Greece, and too much to help the banks.

They told me that Turkey and Greece were on the brink of military confrontation and implored me to intervene to stop it.

Perhaps Greece could lease a few of its islands to help with its debt crisis in lieu of repayment of its foreign debt.

In any case Belgium is by no means out of the woods. It may not be Greece, but it could easily be the next Italy.

He said he was worried about the future. "You've seen what happened to Greece, what happened to Spain, " he said. "It will happen here. "

That methodology might have worked for a few years if they only had to contend with bailing out Greece, Portugal and Ireland.

Greece is all but certain to have to borrow or seek aid before then.

To understand why Greece faces this dilemma, we need to understand how it managed to get itself into such a terrible mess.

Government bonds are not the only assets on which foreign banks could lose money in Greece.

Yep, everything in Greece and Asia Minor, my churches are all doing great, I got to get out of here, my work here is done.

Ancient lands with thousands of years of history stretching from Athens, Greece all the way around the Med to Cairo, Egypt.

Yep, everything in Greece and Asia Minor, my churches are all doing great, I got to get out of here, my work here is done.

Ancient lands with thousands of years of history stretching from Athens, Greece all the way around the Med to Cairo, Egypt.

Heidegger's concept of "here being" was different from that of "person" in traditional Greece and Christianity.

They argue that the best solution would be for Greece to leave the eurozone and rejoin later.

Greece's spiralling public debts, which erupted into a full-blown crisis in May, called into question the long term future of the eurozone.

The opposition was critical of this so-called solidarity with Greece, arguing that it was an irresponsible step.

That happened in July, when European officials failed to live up to expectations for a comprehensive resolution to Greece's debt.

IT WAS Greece that let public spending rip, lied about it and is now trying to stave off default.

In contrast, the U. S. government has managed its financials very poorly over the years and is flirting with a Greece-like catastrophe.

The sculptural and architectural beauty of Greece still tells you of a type of creative genius which has never been excelled.

The sculptural and architectural beauty of Greece still tells you of a type of creative genius which has never been excelled.

Keep Greece afloat for a couple of years and the rest of the eurozone will be robust enough to withstand the shock of a default.

"Greece is definitely one of my favourite events and I really want to go flat out next week and finish on top of the podium, " he said.

The Wind investment is one of the largest foreign direct investments in Greece since the financial crisis began.

He said he was pleased to note that Greece was coming out of the shadow of a sovereign debt crisis.

The ratings are also irrelevant so long as Greece does not need to access the capital markets, which means at least the next two years.

But the price of any EU bail-out of Greece is likely to be savage austerity measures, overseen by officials sent in from Brussels.

This figure is a rough guide to how much financial aid Greece may require.

The eurozone has had two years to create a sanitary cordon around Greece's public finances and has so far failed to do so convincingly.

Greece is trying to effect this shift in an international environment of reluctant consumers and fearful investors.

If all air travel were stopped for a year, northern Europeans would no longer make their pilgrimages to Spain and Greece.

Nikos's views are shared by the rest of the company. But John says it's also the lack of work ethic that has brought Greece to its knees.

A month or two before the games begin, the sun's rays are used to kindle the flame on a torch atop a mountain in Olympia, Greece.

It sailed from Greece six weeks after Israeli commandos intercepted an aid flotilla trying to break the Gaza blockade.

If Nike (NKE) reports better than expected earnings, it seems to forget about Greece for a day.

Greece is prepared to ask euro- region governments for a bridge loan as $11. 3 billion in bonds come due next month.

And Greece's membership of Europe's single market makes it a more attractive proposition for foreign investors.

If Greece were to restructure its debt, it would not take long for greed to trump fear and for capital to start flowing again.

Philip Davies, owner of the upscale boutique travel agency Real Holidays in London, says the best deals are in Greece and Italy.

European policy makers are trying to pressure wayward countries like Greece into taking stronger action to fix their finances.

Yet Mrs Merkel faces mounting opposition at home from those who think she has been too ready to help the likes of Greece and Portugal.

If there was an informal European Union championship for street protest then Greece and France would be the two most regular winners.

This setback did not, however, dampen Merkel's mood, as she showed when Ireland and Greece sought an easing of their bailout terms.

But he said the discussion shouldn't distract from the central issue of tackling Greece's fiscal problems.

BBC correspondent said it could be only a matter of time before Ireland asked to be bailed out by the European Union, as Greece was in May.

US Treasury Secretary Timothy Geithner said he welcomed the greater sense of urgency being shown over Greece.

If Spain and Italy were to get into a vicious cycle like Greece, Mr Tilford warns, "the future of the euro would be very much in doubt" .

The debt reduction should be big enough to put afflicted economies on a sustainable path. Greece may have to halve its debt burden.

Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis.

"It's scary, " he said. "It reminds me of what you could find in southern Europe 15 years ago, during the worst years in Italy or Greece. "

And whereas Lehman's exposures were hidden from public view, Greece's are largely out in the open and are also reasonably easy to value.

But Greece's collapsing economy and the ruin of his business would soon push him to a more determined effort.

He made clear in a speech to parliament on Friday how deep his concerns are regarding the more dubious activities of some of Greece's banks.

A few weeks ago the German chancellor was basking in plaudits for taking a hard line against a European bail-out of Greece.

That appeared to kill the idea that Greece may not be able to tap bond markets for much-needed cash.

"We stopped the spread of a bushfire in Greece from becoming an uncontrollable forest fire, " he said.

A low crime rate, renowned hospitality, and spectacular natural resources make Greece an ideal destination for meetings of every kind.

Ancient Greece as the Philosophy of Science and withdraw troops from the front of the home along with the influx of east crusade in Europe.

Does ancient Hellenistic art made and found in Afghanistan, once on the edge of the Greek empire, belong to Greece or to Afghanistan?

I would say that amongst European nations, the longest surviving national identity is probably that of Greece.

The kingdom was divided into four republics that were heavily restricted from intercourse or trade with one another and with Greece.

After the second austerity vote was passed in Greece, market fears about a possible default have been put to bed for now.

It has not, as conventional wisdom now goes, been a fiscal failure, except in Greece.

Greece can succeed in making its debt sustainable in the long term if it succeeds in both increasing growth and reducing its debt ratio.

This explains why the ECB's commitment to an exit did not wane as investors' unease spread from Greece to elsewhere in Europe.

The largest economy in Europe has been a reluctant and frequently obstreperous backer of the bailouts of Greece and Ireland.

But that may be beyond deeply troubled countries like Greece (see article), which probably has no alternative but to copy Ireland.

For nearly 2 years he wandered about Greece and the Aegean Islands. This was the shaping time of his imagination.

The key thing to understand about Greece's predicament is that it's not just a matter of excessive debt.

The decision of Greece, and its bankers, to ask Beijing for cash to fund its yawning fiscal deficit should come as no surprise.

He pointed out that, Greece has far away from the back on the right track, the debt sustainability analysis report would be very bad.

Greek, referred to in southeastern Europe, Greece, on the Balkans, southwest near the Aegean sea Ionian sea and the Mediterranean's love.

And of course Greece remains one of the world's glorious destinations for tourism, exploration and ruminations on the human condition.

Rossi says the fate of Greece and its place in the euro zone is in Greek hands, but its grip is weak.

"Greece will have no problem financing its debt, " she said. "It is a reliable partner. "

A year ago they tore up the rule book to bail out Greece and to ward off market attacks on other fiscal reprobates in the euro area.

Heavy debt loads in Greece and other European countries had been one of the few drags on an otherwise rising stock market in recent months.

Bule Di said the group also claimed the same day Italy and Greece also produced the same message in two bomb attacks.

Great Greece Cheng Dairen intruded the tomb, pierced her heart, has cut the head, has like this only then killed the blood suck ghost.

As a relatively big country, and a member of the EU and NATO, Greece can scarcely plead persecution from its small northern neighbour.

Nor is there a way for Greece to devalue its currency, as it would have done in the pre-EMU days of the drachma.

Freedom and inevitability as a pair of philosophy category have been appeared in the Ancient Greece Rome Period.

Just seconds after Greece won an improbable European Championship, church bells rang and cars clogged the streets of every city and hamlet.

Nigel Rendell, senior strategist at RBC Capital Markets, added: "Greece is now trading like the weakest emerging markets. "

This system was first used in medieval Europe, although claims have been made that the system dates back to Ancient Rome or Greece.

uncertainty about whether authorities in Europe are willing to put money up front to rescue Greece from its crippling debt crisis.

But what Greece has decided and has implemented is the best signal to date that the euro as a means of structural transformation is working.

Just as the ECB bought time for European banks, rescues have been attempted for the struggling governments of Greece and Ireland.

America, he suggested, is no more unique or exceptional than Britain or Greece or any other country.

Without city, it would be hard to imagine such a brilliance in the history of classical Greece.

The terms of the deal imply a loss to Greece's lenders equivalent to 21% of the market value of their debts, said the IIF.

So alongside the bad-tempered bargaining among politicians, there was an equally arduous negotiation with Greece's creditors.

"The Federal Reserve swap action is not a bailout for anyone but certainly not a bailout for Greece, " he said.

In fact Greece cannot leave the eurozone voluntarily, without having to leave the EU as well.

Greece, Tubal and Meshech traded with you; they exchanged slaves and articles of bronze for your wares.

Like a consumer with a wallet full of maxed-out plastic, Greece is scrambling to open a new account and transfer its old balances.

he took me to Mykonos his favourite island in Greece.

"Payrolls will take a backseat. Greece and Europe are all that matter right now, " Detrick said.

it is a bourse in France as it would have been a temple in Greece.

And Greece is not the only country in trouble. High levels of public debt in Ireland, Portugal and Spain are also worrying debt markets.

We might not have had last week's close shave over Greece if this principle had been built into programmes from the beginning.

Of course my concept of a no-default workout assumes that Greece can resume growth while remaining tethered to the euro.

Greece's George Papandreou is trying to form a new government and survive a vote of confidence this weekend.

in Greece, the government had to sort of force them through with a very narrow majority.

But Japan is the only sovereign issuer of yen bonds, while Greece is the least creditworthy of the many countries offering euro bonds.

I cannot, therefore, feel that he deserves to be put on a level with the best philosophers either of Greece or of modern times.

So instead of waiting for Greece to miss a payment in the coming years, the market took matters into its own hands over the last few days.

In Greece, women began to take part several years ago, but in Albania, Munguli was the first female reported to have joined in.

Powers like these might have done something about Greece. But would they have saved Spain or Ireland?

Politicians are starting to realise what the markets sniffed out long ago: on its current course Greece will not be able to pay its debts.

More than a year after the eurozone first announced support for Greece, the eventual fate of the currency remains uncertain.

The Chancellor made it clear that Greece had not asked Germany for any financial assistance.

Some wonder if it might help Greece, undermining the notion that Europe has a rich, well-run western half, and a poor, backward east.

Help may take the form of a guarantee on refinancing bonds or an outright purchase of those bonds by Greece's rescuers.

In return for more outside help, Greece's government has agreed to more fiscal austerity and yet bolder reforms, including privatisation.

If only Greece's broader woes were as easy to put right.

Mr Papandreou's departure from office, and perhaps from politics, would not make Greece's relations with its creditors any easier.

"Greece is not having an easy time, " he told the FT. "The mostly European private creditors of Greece have had an easy time. "

Greece's European partners were not just furious that they had not been consulted about the now abandoned referendum.

I met a guy when I was in Greece, but I knew it was just a holiday remance.

I'm so disappointed that I couldn't get back to Melbourne for the game against Greece but it was out of my control.

If Greece, Ireland, and Portugal do not restructure their debt in an orderly fashion they will ultimately have to default unilaterally.

The staff departures came shortly after Gingrich and his wife returned from a cruise vacation in Greece.

But a continued territorial dispute between Turkey and Greece over the Aegean Sea may make it difficult for the two to find common ground.

When fighters all over Greece flew to arms against Troy, a prophet foretold that Achilles was sure not to return from the war.

In her opinion the stability of the Euro would not be affected by problems in Greece.

George Osborne said in Washington: "No one here has put forward a plan for that; Greece has got a programme and needs to implement it. "

They merrily drove spreads down as if there were no material difference in the creditworthiness of Germany and Greece.

Passengers from Greece, where peanut allergy is rather rare, might have been more concerned about the melon in the fruit salad.

He hurried to the seacoast , and , with all who were able to accompany him, sailed away to Greece .

Without money from private markets, Greece will have to ask fellow euro-zone countries for help.

If Greece storms out of the eurozone there might be little fear other countries would follow suit.

Second, there is an acceptance, finally, that the problem, certainly in the case of Greece, is one of solvency not liquidity.

Furthermore, for Greece, such a bailout would not count as a long-term solution.

Perhaps Greece and Ireland and their debtors should be taking a look at it.

Greece made it clear that it would not approve any new expansion of the EU unless it included Cyprus.

Spreads on the ten-year government debt of Greece, Ireland, Italy, Portugal and Spain over that of Germany have widened sharply.

Piracy goes through the whole history of ancient Greece, and can be found all over the Mediterranean world.

Greece is expected to seek more international help, even though years of government borrowing led to the crisis.

Even if Greece's government survives the next vote, financial markets are likely to remain unconvinced that default can be averted for long.

It would be a heavy irony if Greece, a member of the euro club, were temporarily reprieved by loans in dollars.

They resent the fact that Greece and Ireland enjoyed years of prosperity and still found themselves in fiscal trouble.

This CDS chain reaction is one of the major reasons why the Europeans have kept Greece on life support for so long.

What is usually not mentioned is that cybernetics was also used in ancient Greece to denote a governor of a country.

To offer liquidity at a penal rate, when Greece has no access to the market, would worsen its solvency problem.

Greece, which adopted the euro in 2001, subsequently admitted that it had done so with made-up budgetary figures.

If Greece defaults on its debts, she said, then the effects would quickly spread to other euro zone countries.

Ruby: Speaking of which, you know where the managers are all going next month for management meeting? Greece!

The Beijing Olympic flame was lit by the sun in a traditional ceremony on Monday at the Hera Temple of Ancient Olympia in Greece.

She emigrated to Greece from Bulgaria and is a waitress with a husband and three children of her own.

But it's hard to see how Greece could do that without triggering a catastrophic run on its banking system.

Mr Geithner called for Greece, the IMF and the EU to move quickly to produce a package of strong economic reforms and financial support.

If Greece were the only insolvent European country, it would be best if its default occurred now.

At that point the Greek state could well be unable to pay salaries and pensions and Greece would be on the brink of a disorderly default.

From another point of view, the country's existence is not in doubt, but the name is an insult to Greece.

Greece would be better off if it abandons the euro, devalues its new currency, and defaults on its debt.

ANOTHER bad week for Europe, featuring sit-ins in Spain, a lowered ratings outlook for Italy and yet another austerity plan for Greece.

The country most likely to leave the euro zone is not Greece, Spain or Portugal -- but Germany.

Until recently the argument was that Italy and Spain, unlike Greece, were illiquid but solvent given austerity and reforms.

I can see little merit in having Greece default to the public sector years of agony hence rather than to the private sector soon.

At those meetings the fund's boss was to make clear that the IMF would not go along with more dithering or fudges over Greece's debt mess.

In such an economically integrated area as the euro zone, leaving the currency union would not solve Greece's economic problems either.

'It's Greece trying to exit themselves because they won't be asked to leave, ' Mr. Niederauer said.

In Greece, a surrogate can be prosecuted for trying to keep a child.

Powers like these might have done something about Greece.

Ancient Greece is often called the origin of Western civilization.

Greece has sealed a deal with the European Union and IMF that opens the door to a EUR120b financial bailout, Reuters reported Sunday.

between the two countries which nearly led to a war. The cities of Greece and Asia were despoiled of their most valuable ornaments.

'If it's just this, it might disappear, like the old Olympics in ancient Greece.

It's likely though that Berlin will put a rescue package in place but don't expect to see too much money flow in Greece's way before May 9.