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Business 08 Nov 2011 | 12:00 AM

Ex-central banker front-runner to be Greek PM

ATHENS (Reuters) - A former deputy head of the European Central Bank, Lucas Papademos, emerged Monday as frontrunner to become Greece's prime minister as party leaders bargained over who will lead a 100-day coalition to push through a bailout before the country runs out of money.

Business 16 Nov 2011 | 12:00 AM

Greek government set to win confidence vote

ATHENS (Reuters) - Greece's new government should comfortably survive a vote of confidence Wednesday but Prime Minister Lucas Papademos faces a daunting task repairing the shattered public finances, and cracks are already appearing in his crisis coalition.

Economy 17 Feb 2016 | 4:36 AM

EU battered by storm of crises

BRUSSELS: The European Union is being battered by a perfect storm of crises that threaten to rip apart the peaceful and prosperous 28-nation bloc that rose from the ashes of World War II. It is grappling not only with the threat of a British exit, or “Brexit,“ but also with an unprecedented migrant influx, continued fallout from the debt crisis and an array of security threats, both domestic and foreign.

Business 08 Nov 2011 | 12:00 AM

Euro zone governments rush to placate bond markets

ATHENS/ROME (Reuters) - Italy overtook Greece as the prime threat to the stability of the euro zone on Monday as governments sought to placate frantic bond markets and halt accelerating financial contagion.

Business 07 Nov 2011 | 12:00 AM

EU-prescribed coalition gives Greece short-term relief

ATHENS (Reuters) - The European Union stepped in to force Greece's political parties into a coalition that will save the country from immediate default but the bickering that marked the negotiations bodes ill for Greece's place in the euro zone.

Business 12 Nov 2012 | 12:00 AM

Feuding politicians take Nepal to brink of ruin

KATHMANDU: Apart from a small bust of Chairman Mao beside his armchair, Nepali Prime Minister Baburam Bhattarai flaunts no trappings of his revolutionary past: these days he talks of foreign investment, infrastructure projects and double-digit growth.

Business 17 Jun 2012 | 12:00 AM

Greek voters set to decide euro future

ATHENS: Greeks voted on Sunday in an election that could decide whether their heavily indebted country stays in the euro zone or heads for the exit, potentially unleashing shocks that could break up the single currency.

Business 07 May 2012 | 12:00 AM

Angry Greeks reject bailout, risk euro exit

ATHENS (Reuters) - Greek voters enraged by economic hardship caused by the terms of an international bailout turned on ruling parties in an election on Sunday, putting the country's future in the euro zone at risk and threatening to revive Europe's debt crisis.

Business 06 Dec 2011 | 12:00 AM

IMF chief warns Greece in "difficult phase"

WASHINGTON (Reuters) - The head of the International Monetary Fund on Monday said Greece's adjustment program was in a difficult phase with economic reforms moving slowly and growth extremely weak, a warning that came as the global lender approved a new aid tranche for the debt-burdened country.

Business 09 Nov 2011 | 12:00 AM

EU eyes bigger rescue fund Pressure on Greece and Italy as they await facility launch next month

BRUSSELS: European finance ministers pledged to roll out a bulked-up rescue fund next month, leaving Greece and Italy on the frontlines until then in the fight against the debt crisis.