Greece Will Not Leave the Euro – Greece has denied it is thinking of leaving the Euro after concerns were raised that Greece would need more bailout money from the European Union. Ministers from the euro zone’s biggest economies met in Luxembourg to discuss Greece’s debt crisis on Friday but Athens and senior EU officials [...]
Tags: European Union, Greece
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Greek Tax Office Looking For Money – Greek authorities tracking down tax cheats have turned their attentions on high-earning footballers, lawyers and artists, an official said overnight, as the country works to cut back a mountain of debt. A special audit office within the finance ministry “is looking into the cases of artists, footballers, lawyers [...]
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Gold Futures Up To $1200 – Gold futures topped $1,233 an ounce in electronic trading Wednesday morning in Asia, extending the hefty gains seen in New York as European debt concerns continued to draw investors to the precious-metals market. June gold, the most active contract by volume and open interest, added $19.50, or 1.6%, to [...]
Tags: Asia, Creation, Electronic Trading, Euro Zone, European Union, Global Economy, Gold Front, Gold Futures, Grandich Letter, Investors, led, Open Interest, Ounce, Peter Grandich, Precious Metals Market, Trillion, Wednesday Morning, World Markets
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1$ Billion in Aid Approved By The European Union – Europe has agreed a package of crisis aid for troubled eurozone countries totaling “more than 500 billion euros,” ($718 million) which will be topped up by the International Monetary Fund (IMF), a European Union diplomat told AFP. The fund would be made up of €440 [...]
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Greece Agrees to $30 Billion Deal – Greece has agreed a package of austerity measures under which it aims to cut its budget deficit by 30 billion euros over three years on top of measures already agreed, Finance Minister George Papaconstantinou said on Sunday. Under the deal with the European Union and International Monetary Fund [...]
Tags: Athens, Austerity Measures, Budget Deficit, Collapse, European Union, Euros, Finance Minister, Fiscal Consolidation, Fuel Alcohol, Gdp, Greece, Gross Domestic Product, International Monetary Fund, International Monetary Fund Imf, News Conference, Pensions, Public Sector Salaries, Tobacco Taxes, Vat
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