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
View Separately

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

Source: cnbc.com

More Greek Deadlines Today and Tomorrow Another day, another Greek deadline: Today, the Greeks have to: 1) Produce written commitments from the two main party leaders that they plan to stick to the austerity program after Greek elections in April; and 2) detail how it will cut an extra 325 million euros ($428 million) euro zone finance ministers insist be cut before the second bailout money — 130 billion euros, or $171 billion — is released. Full Story Photo: Getty Images
View Separately

More Greek Deadlines Today and Tomorrow

Another day, another Greek deadline: Today, the Greeks have to:

1) Produce written commitments from the two main party leaders that they plan to stick to the austerity program after Greek elections in April; and

2) detail how it will cut an extra 325 million euros ($428 million) euro zone finance ministers insist be cut before the second bailout money — 130 billion euros, or $171 billion — is released.

Full Story

Photo: Getty Images

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
View Separately

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

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?
Pop-upView Separately

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

Top