On Thursday, November 10th, 2011, Lucas Papademos, a former vice-president of the European Central Bank, was named to be an interim prime minister of Greece. He will head a government of national unity until a general election, which has been tentatively set for February 19th, 2012. Lucas Papademos has replaced the Socialist government of [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World 
Tags: European Union, finance, Greece, the euro zone debt crisis 
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Italy has replaced Greece as the biggest source of investors concerns. On Tuesday, November 8th, 2011, the Prime Minister of Italy Silvio Berlusconi won the vote on the ratification of 2010 public accounts, but obtained only 308 votes, eight short of an absolute majority in the 630 seat Chamber of Deputies. Mr Berlusconi signalled that [...]
On Monday, October 31st, 2011, the Greek Prime Minister George Papandreou announced that he would call a referendum on a second bail out deal, which had been agreed at the Euro summit on October 26th, 2011. On Thursday, November 3rd, 2011 he scrapped his plan for a bail out referendum and instead set his goal [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: European Union, finance, Greece, the euro zone debt crisis No Comments »
On Wednesday, October 26th, 2011, at the Euro summit, which took place in Brussels, Euro zone leaders and private creditors agreed to take a 50% debt write-off on the Greek government bond holdings. In addition to that, a second bail out loan/package for Greece was revised to a total value of 130 billion euro, up [...]
Posted in Economy and Finance, Europe, Featured, Politics in the World Tags: European Union, finance, Greece, Italy, the euro zone debt crisis No Comments »
