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Thursday, February 9, 2012

Greek minister heads to Brussels with incomplete bailout deal

Posted by Reuters: Business News on February 9, 2012

ATHENS (Reuters) – Greek leaders failed on Thursday to agree on a reform and austerity program, the price of a financial bailout to avoid a messy default, forcing Finance Minister Evangelos Venizelos to go to the country’s financial backers with an incomplete deal.



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Greece on "knife edge" in push to agree bailout

Posted by Reuters: Business News on February 5, 2012

ATHENS (Reuters) – Greece’s prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.



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Greece on "knife edge" in last hours to agree bailout

Posted by Reuters: Business News on

ATHENS (Reuters) – Greece’s prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate.



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Greece says faces 24-hour deadline to clinch rescue

Posted by Reuters: Business News on February 4, 2012

ATHENS (Reuters) – Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.



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Greece says bank recapitalization agreed, but issues remain

Posted by Reuters: Business News on

ATHENS (Reuters) – Greece has agreed with euro zone partners on how to recapitalize Greek banks after a planned bond swap, but has yet to resolve issues related to labor reform and spending cuts in talks with lenders, the country’s finance minister said on Saturday.



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Greece says investor losses from debt swap may top 70 percent

Posted by Reuters: Business News on January 31, 2012

ATHENS (Reuters) – Greece’s private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.



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Naming new SNB head may take a few months: finance minister

Posted by Reuters: Business News on January 11, 2012

ZURICH (Reuters) – Naming a new third member to the Swiss National Bank’s board and appointing a new permanent chairman could take until April or May, Switzerland’s finance minister said on Wednesday.



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Swiss finance minister says U.S. tax deal needs time: radio

Posted by Reuters: Business News on January 1, 2012

ZURICH (Reuters) – Switzerland and the United States need more time to negotiate a tax deal, Swiss finance minister Eveline Widmer-Schlumpf told Swiss radio on Saturday, as the United States pushes for it to supply information on bank clients who are alleged to have evaded taxes.



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Japan says it, India close to deciding dollar swap pact

Posted by Reuters: Business News on December 26, 2011

TOKYO (Reuters) – Japan and India are in the final stages of deciding on a dollar swap agreement and expect to reach agreement during Japanese Prime Minister Yoshihiko Noda’s visit to India this week, Japan’s finance minister said on Tuesday.



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Canada’s Flaherty says G20 likely to meet before February

Posted by Reuters: Business News on November 5, 2011

BERLIN (Reuters) – G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada’s finance minister said on Saturday, while Germany’s Angela Merkel said it would take a decade to turn around the currency bloc.



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