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Greece Hungary News. Service for global professionals. Constantly updated news and information about Greece.
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  • Greek troubles may boost Euro zone 11 Dec 2009 14:36 GMT
    ... debacle has raised the specter of a Greek government default. Is the moment of truth—when ... many false alarms—approaching? And not just for Greece: What of the single currency's other overborrowed ... see the sources of domestic opposition to Athens making the necessary draconian cuts in public ...

  • Slovak gov't observing agreement with Hungary, foreign minister says 3 Dec 2009 12:10 GMT
    ... Slovak gov't observing agreement with Hungary, foreign minister ... with his Slovak counterpart Miroslav Lajcak in Athens. He told the Slovak minister that Budapest ... and Cooperation in Europe (OSCE) in the Greek capital. "We continue to insist on bringing ...

  • Greek premier pleads with EU peers over debts 11 Dec 2009 00:55 GMT
    ... Europe's leaders stared into an abyss of Greek debt late on Thursday, but gave Prime ... admitted fears that a financial tragedy in Athens could drag down the entire euro currency ... 300 billion euros (450 billion dollars), with Greece caught in the eye of a perfect ...

  • Euro leaders stare into Greek debt abyss 11 Dec 2009 03:50 GMT
    ... Euro leaders stare into Greek debt abyss Europe's leaders stared into an ... they fear a financial black hole in Athens could drag down the entire euro currency ... all EU states share 'common responsibility' for Greece. 'What happens in a member country influences ...

  • Greek bond signal to eurozone 11 Dec 2009 09:20 GMT
    ... other governments as the fall in the Greek bond markets could be repeated in other eurozone ... fixed income strategist at Barclays Capital, said: “Greece is now clearly the worst performing economy, ... against default has risen above Vietnam and Hungary. The latter is an emerging market economy ...

  • European Monetary System Crisis, Debt Show Down in Athens 10 Dec 2009 20:32 GMT
    ... Greek Finance Minister George Papaconstantinou has the European ... a faint-hearted schoolboy. Papaconstantinou is concerned that Greece's dire economic situation will lead to default ... are down sharply. Now the ECB wants Athens to show its commitment to "fiscal responsibility" ...

  • ANALYST VIEW - BofA/Merrill Lynch hurrahs Hungary, sees ERM entry in 2011 4 Dec 2009 17:02 GMT
    ... rating to Eastern Europe as well, saying Hungary in particular should start to command more ... it added. BofA/ML's top picks now include Hungarian oil and gas group MOL. Shorter term, ... rate convergence is substantial, with even troubled Greece enjoying long-term rates below 5% and Spanish ...

  • Greece rules out seeking IMF help 11 Dec 2009 15:32 GMT
    ... BRUSSELS - Greek Prime Minister George Papandreou on Friday ruled ... Brussels at a European Union summit that Greece was "not about to default on its ... threat of a Latin American-style disaster. The Athens stock exchange opened with a two-percent jump, ...

  • Greek PM rules out appeal to IMF 11 Dec 2009 15:22 GMT
    ... Brussels at a European Union summit that Greece was "not about to default on its ... outlining new plans to reassure international creditors. Greek markets rallied behind him on Friday as ... economy from the threat of a The Athens stock exchange opened with a two-percent jump, ...

  • Greek PM rules out IMF move 11 Dec 2009 15:24 GMT
    ... president Jean-Claude Trichet has voiced confidence that Greece will make the necessary decisions to tackle ... debt. Trichet's comments in London came as Greek Prime Minister George Papandreou ruled out going cap ... of bail-out assistance offered last year to Hungary, Latvia and Romania. 'We recognise that the ...

  • UPDATE 1-Hungary cbank seen cutting further, pace may slow 9 Dec 2009 14:37 GMT
    ... BUDAPEST, Dec 9 (Reuters) - Hungary's central bank cut its base rate by ... is justified. The news from Dubai and Greece shows that leaving behind the liquidity crisis, ...

  • Hungary forint regains some strength vs. EUR after hitting 1-m low 10 Dec 2009 09:55 GMT
    ... they were late on Wednesday, and so Hungary's forint has managed to lodge itself away ... caused by credit rating agencies (Spain, Portugal, Greece), the HUF has moved to a stronger ... stronger direction vs. the euro. While the Hungarian currency tested levels around 276 on Wednesday, ...

  • Hungary forint maintains firming momentum vs. EUR after hitting 1-m low 10 Dec 2009 15:34 GMT
    ... Hungary's forint is gradually leaving behind its one-month ... caused by credit rating agencies (Spain, Portugal, Greece), the HUF has moved to a stronger ... stronger direction vs. the euro. While the Hungarian currency tested levels around 276 on Wednesday, ...

  • Greek party leaders plan crisis meeting over state finances 10 Dec 2009 18:50 GMT
    ... Los Angeles - Lawyers for Roman Polanski on Thursday ... out Friday. The report said that the... Budapest - Nobel Peace Prize winner Elie Wiesel called on Hungary to consider laws to curb hate speech as ...

  • Killer Debt: Dubai, Greece, Spain -- Now the Baltics? 10 Dec 2009 19:43 GMT
    ... Killer Debt: Dubai, Greece, Spain -- Now the Baltics? On December ... agency also just cut its rating on Greek government bonds, and Standard and Poor's shifted its ... region (Belarus, Ukraine, Bulgaria, the Czech Republic, Hungary and the Balkans). The Latvian currency is ...


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