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Saab to fight for bankruptcy protection
With no cash and stagnant sales, Saab, which employs 3700 people, on Tuesday asked the court to grant it protection from its creditors. Its debts amount to about 150 million euros ($A198 million), according to Saab chief executive Victor Muller.
Updated: 09/10/2011 11:05P
Papandreou Says to Save Greece
[Photo:Agencies] Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over its membership in the bloc.
Updated: 09/10/2011 10:37P
Amid protests, Greek PM tries for fiscal targets
Finance Minister Evangelos Venizelos, who was forced to deny rumours of impending bankruptcy over the weekend, said earlier that the economy is expected to contract more than 5 per cent this year, considerably exceeding forecasts.
Updated: 09/10/2011 10:18P
Greek pledges to meet fiscal targets amid protests (AP)
Finance Minister Evangelos Venizelos, who was forced to deny rumors of impending bankruptcy over the weekend, said earlier that the economy is expected to contract more than 5 percent this year, considerably exceeding forecasts.
Updated: 09/10/2011 09:17P
Amid recession, Greece promises to meet savings targets
will meet ambitious savings targets despite a deepening recession this year, the prime minister said yesterday, to secure the continued flow of international rescue loans that are protecting the debt-crippled country from a catastrophic bankruptcy.
Updated: 09/10/2011 08:44P
Yani Tseng, Amy Yang share LPGA Tour lead
The top-ranked Tseng, the LPGA Championship and Women's British Open winner, leads the tour with four victories this season and has seven overall wins this year. Yang is winless on the LPGA Tour. Taylor Leon (67) was a stroke back, and former Arkansas
Updated: 09/10/2011 07:58P
Greece says will stay the course
But Finance Minister Evangelos Venizelos countered the talk, telling its lenders his government remained fully committed to its bailout plan. “We are absolutely determined, without weighing any political cost, to fully meet our obligations to our
Updated: 09/10/2011 07:44P
KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com | Greek
No jobs were added in August and the jobless rate stayed at 9.1 percent. By COSTAS KANTOURIS and NICHOLAS PAPHITIS Associated Press THESSALONIKI, Greece (AP) - Greece will meet ambitious savings targets despite a deepening recession this year,
Updated: 09/10/2011 07:43P
Greek PM pledges to meet targets despite recession
Finance Minister Evangelos Venizelos, who was forced to deny rumours of impending bankruptcy over the weekend, said earlier that the economy is expected to contract more than 5 per cent this year -- considerably exceeding forecasts.
Updated: 09/10/2011 07:26P
Pledges to Meet Fiscal Targets Amid Protests
“We have taken the decision to fight to avoid a catastrophe for our country and its citizens: bankruptcy. We will remain in the euro. And this meant and means difficult decisions.” Papandreou said. Meanwhile, Chancellor Angela Merkel has urged Germans
Updated: 09/10/2011 07:16P
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