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Merkel Allies Break Taboo With Escalating Greek Default Talk
"That includes, if necessary, an orderly bankruptcy of Greece, if the required instruments are available," he said. Roesler, also vice chancellor, said sanctions should be imposed on states failing to tackle big deficits, including the possible
Updated: 09/11/2011 06:03P
Greek Prime Minister's Promises Ring Hollow
The government's top priority, he said, is “to save the country from bankruptcy.” Said Papandreou: "We have taken the decision to fight to avoid a catastrophe for our country and its citizens: bankruptcy. We will remain in the Euro.
Updated: 09/11/2011 05:50P
BC-Business News Digest
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Updated: 09/11/2011 05:42P
Action sought against Patel for AI mess
A similar demand has been raised by Peasants and Workers' Party after the Comptroller and Auditor General (CAG) report squarely blamed the minister for pushing national carrier to bankruptcy during his seven year tenure in the ministry.
Updated: 09/11/2011 05:30P
Greek PM pledges to meet fiscal targets
Papandreou said that his nation will meet ambitious savings targets despite a deepening recession this year to secure the continued flow of international rescue loans that are protecting the debt-crippled country from a catastrophic bankruptcy.
Updated: 09/11/2011 05:04P
Merkel allies break taboo with Greek talk
"That includes, if necessary, an orderly bankruptcy of Greece, if the required instruments are available," he said. Roesler, also Vice Chancellor, said sanctions should be imposed on states failing to tackle big deficits, including the possible
Updated: 09/11/2011 04:42P
Mental Toughness
Only a decade ago, the morass of bankruptcy and political paralysis facing the US was unthinkable, and any suggestion of a decline that is currently being suffered by some European world powers would have been laughed at for its absurdity.
Updated: 09/11/2011 04:38P
Cool-headedness and caution
As if the threat of bankruptcy weren't enough, fresh clouds are suddenly gathering over this country and the wider region. The crisis in relations between Turkey, Cyprus and Israel is significant and hides a series of dangers.
Updated: 09/11/2011 04:32P
Juve begins Serie A with big win
11 terrorist attacks, we needed sports maybe more than we ever have. MILAN - Juventus played the first official match in its $168 million stadium, opening its Serie A season with a 4-1 win over Parma on Sunday. Midfielder Andrea Pirlo, signed after a
Updated: 09/11/2011 03:45P
Borders' Severance to Executives Approved
Edwards and Henry are justified in part because they have worked "on a non-compensated basis" since their official departures to help complete going-out-of-business sales and tie up other loose ends. The executives "bargained for and expected severance
Updated: 09/11/2011 03:25P
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