Greece Needs to Accept Bailout Terms: South Korea South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.  “I urge the Greek government, the corporations, the workers and the people, (they) need to accept those terms,” Lee said in an interview with CNBC’s Chloe Cho in Seoul. Full Story Photo: AP
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Greece Needs to Accept Bailout Terms: South Korea

South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.  “I urge the Greek government, the corporations, the workers and the people, (they) need to accept those terms,” Lee said in an interview with CNBC’s Chloe Cho in Seoul.

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Photo: AP

Source: cnbc.com

Another One Down? Dutch Government Near Collapse Prime Minister Mark Rutte meet the Dutch queen on Monday afternoon and tendered his government’s resignation after talks on austerity collapsed at the weekend.  The Dutch government’s failure to reach an agreement in talks to achieve tough spending cuts could see ratings agencies cut the country’s prized AAA-rating and nervous investors push up the country’s borrowing costs, and it will also have wider implications for the euro zone as a whole, analysts said on Monday. Full Story
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Another One Down? Dutch Government Near Collapse

Prime Minister Mark Rutte meet the Dutch queen on Monday afternoon and tendered his government’s resignation after talks on austerity collapsed at the weekend.  The Dutch government’s failure to reach an agreement in talks to achieve tough spending cuts could see ratings agencies cut the country’s prized AAA-rating and nervous investors push up the country’s borrowing costs, and it will also have wider implications for the euro zone as a whole, analysts said on Monday.

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Source: cnbc.com

Greek Parliament Approves New Austerity Bill Historic cinemas, cafes, shops and banks were set ablaze in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the rage by endorsing a new EU/IMF austerity deal. Full Story Photo: AFP | Getty Images
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Greek Parliament Approves New Austerity Bill

Historic cinemas, cafes, shops and banks were set ablaze in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the rage by endorsing a new EU/IMF austerity deal.

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Photo: AFP | Getty Images

Source: cnbc.com

Biggest Events in the Euro Zone in 2011 At the start of 2011, the euro zone was already in the throes of a debt crisis after Greece and Ireland sought bailouts from the European Union and the International Monetary Fund in 2010, and credit rating agencies downgraded several peripheral European countries, including Spain and Portugal. Who will be the major players in 2012?
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Biggest Events in the Euro Zone in 2011

At the start of 2011, the euro zone was already in the throes of a debt crisis after Greece and Ireland sought bailouts from the European Union and the International Monetary Fund in 2010, and credit rating agencies downgraded several peripheral European countries, including Spain and Portugal.

Who will be the major players in 2012?

Source: cnbc.com

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