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Moody's slashes Greek credit rating again
01/06/2011 - GREECE

Moody's slashes Greek credit rating again

Credit ratings agency Moody's Investors Services has downgraded Greece's standing yet again to Caa1 from B1 on Wednesday, in addition to assigning it a 'negative' outlook, meaning the debt-stricken country's rating could be slashed further.
IMF approves €26 billion loan for Portugal
20/05/2011 - PORTUGAL

IMF approves €26 billion loan for Portugal

The International Monetary Fund has approved a $26 billion three-year-loan for Portugal, part of which will be made readily available to help calm market fears over the struggling eurozone country's debts.
Fitch slashes Greece's credit rating
20/05/2011 - FINANCE

Fitch slashes Greece's credit rating

Fitch Ratings downgraded Greece's credit rating by three notches to B+ on Friday, in a further blow to the debt-ridden country. Fitch cited problems with the fiscal and structural reforms required for sustained economic recovery.
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Plaintiff in Strauss-Kahn case to deny consensual sex claim
18/05/2011 - JUSTICE

Plaintiff in Strauss-Kahn case to deny consensual sex claim

The hotel maid who alleges she was sexually assaulted by Dominique Strauss-Kahn will reject any assertions that she had consensual sex with the IMF chief when she testifies before a grand jury on Wednesday, her attorney said.
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Euro zone ministers divided over Greek debt crisis
17/05/2011 - EUROPE

Euro zone ministers divided over Greek debt crisis

Discussions amongst euro zone finance ministers Monday focused on Greece's deepening debt crisis, with disagreements emerging over whether to change the floundering economy’s debt repayment terms.
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My big fat Greek bailout - but will Europe pay? (part 2)
11/05/2011 - THE DEBATE

My big fat Greek bailout - but will Europe pay? (part 2)

While Markus Kerber in Berlin argues that "only Greece can save Greece" by quitting the eurozone, Athens University’s Yanis Varoufakis rebuts that this would trigger a disastrous domino effect for the whole continent.
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My big fat Greek bailout - but will Europe pay?
11/05/2011 - THE DEBATE

My big fat Greek bailout - but will Europe pay?

While Markus Kerber in Berlin argues that "only Greece can save Greece" by quitting the eurozone, Athens University’s Yanis Varoufakis rebuts that this would trigger a disastrous domino effect for the whole continent.
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Strike against austerity plan halts traffic, state services
11/05/2011 - GREECE

Strike against austerity plan halts traffic, state services

A general strike called by Greece's main unions in protest at government austerity measures went into effect on Wednesday, disrupting transport and state services even as international creditors debated whether to give the country a new aid package.
Debt-hit Greece denies reports of renewed bailout talks
10/05/2011 - GREECE

Debt-hit Greece denies reports of renewed bailout talks

Greece denied reports it may be negotiating another financial bailout with international lenders on Tuesday, as its borrowing costs rose amid growing fears the crisis-hit country may have to restructure its debt without further EU aid.
Greek financial woes deepen after S&P downgrade
11/05/2011 - GREECE

Greek financial woes deepen after S&P downgrade

Greece's fiscal woes deepened on Monday after Standard & Poor's downgraded the country's credit rating to B from BB-, pushing the country further into ‘junk’ territory. The rating agency also warned that it may be necessary to restructure its debt.
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