Showing Archived Posts

Greek Conservatives Must Form Coalition Government

Posted May 7th, 2012 at 4:55 am (UTC-5)
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Greek voters have pushed the country into more political uncertainty after no party garnered nearly enough votes to form a government. Results Monday from parliamentary elections the day before show the conservative New Democracy party winning about 19 percent of the votes. That is the most of any single party, but the percentage falls far […]

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Exit Polls: Top Two Greek Parties Suffer Major Election Losses

Posted May 6th, 2012 at 3:55 pm (UTC-5)
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Greek voters have punished the two main parties for imposing unpopular economic austerity measures demanded by the European Union. Government projections from Sunday’s parliamentary elections show the conservative New Democracy party winning about 19 percent of the votes — far short of being able to form a government on its own and sharply down from […]

Tags: , , , , Posted in Europe

Exit Polls: Greek Austerity Parties Suffer Major Losses

Posted May 6th, 2012 at 1:55 pm (UTC-5)
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Exit polls show Greece’s two main austerity parties have suffered major losses in parliamentary elections. The surveys, reported minutes after polls closed Sunday, indicated the conservative New Democracy party — the leading vote-getter — carrying 17 to 20 percent of the vote, down from 33.5 percent in 2009 polls. The samplings showed the left-wing PASOK […]

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Exit Polls: Greek Austerity Parties Suffer Major Losses

Posted May 6th, 2012 at 12:55 pm (UTC-5)
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Exit polls show Greece’s two main austerity parties have suffered major losses in parliamentary elections. The surveys, reported minutes after polls closed Sunday, showed the conservative New Democracy party — the leading vote- getter — carrying 17 to 20 percent of the vote, down from 33.5 percent in 2009 polls. The polls showed the socialist […]

Tags: , , , Posted in Europe

Greeks Vote in Elections

Posted May 6th, 2012 at 1:00 am (UTC-5)
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Greeks are voting Sunday in the first general election since the start of the country’s debt crisis. Angered by economic difficulties, voters are expected to punish the country’s two main parties: the socialist PASOK party and the conservative New Democracy party. Many Greeks blame the parties for leading the nation into its current bind through […]

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Greek Election Could Create New Instability

Posted May 4th, 2012 at 2:15 pm (UTC-5)
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Greeks head to the polls Sunday in the first general election since the start of the country’s debt crisis — a highly-uncertain vote that could bring new political instability. Angered by economic difficulties, voters are expected to punish the country’s two main parties: the socialist PASOK party and the conservative New Democracy party. Many Greeks […]

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Greek Finance Minister Resigns

Posted March 19th, 2012 at 11:10 pm (UTC-5)
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Greek Finance Minister Evangelos Venizelos has resigned after being elected to lead the Socialist party PASOK into upcoming early elections. Venizelos officially replaced former Greek prime minister George Papandreou as head of the PASOK party on Monday. Greece plans to hold early general elections in late April or early May to replace the interim coalition […]

Tags: , , , Posted in Economy, Europe

Greece’s FM Resigns to Lead Socialist Party Before Election

Posted March 19th, 2012 at 4:15 pm (UTC-5)
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Greece’s Finance Minister Evangelos Venizelos has resigned, one day after being elected to lead the Socialist party PASOK in the run-up to elections. Venizelos announced his resignation Monday after meeting with Greek President Karolos Papoulias. Venizelos officially replaced former Greek prime minister George Papandreou as head of the PASOK party on Monday. Greece has announced […]

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Even with Bailout, Greek Credit Downgraded

Posted February 22nd, 2012 at 9:40 am (UTC-5)
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The Fitch financial services company is again downgrading the credit rating of Greece, saying that the debt-ridden country is “highly likely” to default on its financial obligations even after securing a new bailout from its European neighbors. Fitch said Wednesday it has cut Greece two notches , pushing the credit standing for the Athens government […]

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Greek PM: Much Work Before New Bailout

Posted February 22nd, 2012 at 2:55 am (UTC-5)
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Greek Prime Minister Lucas Papademos says the country has a lot of work to do before getting the new $172-billion bailout from the European Union and International Monetary Fund. The Greek parliament has agreed in principle to the package of spending and job cuts as demanded by the EU and IMF. The lawmakers must now […]

Tags: , , Posted in Economy, Europe

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