Greece minister triggers default fears

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Series Details 24.9.11
Publication Date 24/09/2011
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Article reported that Greece’s government scrambled to reassure investors on the 23 September 2011 that it would abide by the terms of a €110bn bail-out deal afer the country’s Finance Minister Evangelos Venizelos was quoted as telling ruling party legislators that a default that would see creditors lose half their money appeared to be Athens’ 'best' option.

Ahead of a key German vote on expanding the eurozone rescue fund due on the 29 September 2011, Greek Prime Minister George Papandreou and German Chancellor Angela Merkel met in Berlin on the 27 September 2011 to discuss the state of the Greek economy. Mr Papandreou addressed the German Federation of Industry at its annual conference in Berlin. He told delegates that Greece had 'great potential' and can emerge from its deep economic crisis.

Related Links
ESO: Background information: Greece unveils further austerity measures
EUObserver, 23.9.11: Greek finance minister tries to quash talk of ‘disorderly default’
BBC News, 23.9.11: Greece's debt crisis odyssey
Kathimerini, 23.9.11: Greek default talk gets louder
Süddeutsche Zeitung, 27.9.11: There’s laughter in hell (via PressEurop)
Kathimerini, 26.9.11: Papandreou steps into uncertain fray
Kathimerini, 27.9.11: More austerity on the way, says FinMin
Kathimerini, 26.9.11: Sell-off deals by the weekend
BBC News, 27.9.11: Greece prime minister makes plea for German support
Deutsche Welle, 27.9.11: Greek premier pleads for German backing ahead of crucial vote,,15418366,00.html

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