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Greece Business - Page 7

Greece on the Brink: Athens May Need 10 Billion More:

The Greek recovery may be facing yet another hurdle. According to a report by German daily Süddeutsche Zeitung, the beleaguered country needs another massive influx of money if it is to avoid insolvency. The paper cites an unnamed official at the European Commission as saying that the "Financial gap" Could be as large as €10 billion. Ref. Source 4

Business Greece

Greek public workers strike over austerity layoffs:

The protests marked the start of a 48-hour nationwide shutdown of public services, leaving schools, courts and government offices closed. State hospitals operated on skeleton staff while traffic came to a grinding halt as trains remained idle for four hours, leaving thousands of commuters and tourists stranded. Ref. Source 2

Greece Business History & Civil Business Politics

China reiterates pledge to support Greek economy:

China signalled it would buy bonds when Greece issues debt again, in a show of support for a financially-stricken nation that hopes to become a gateway into Europe for Chinese products. Ref. Source 1

Page 7 Business Greece

Greece will not default - PM Tsipras:

The Athens Stock Exchange fell by 8% in response to Mr Tsipras's remarks, and as it emerged that his government was putting on hold major privatisation projects, including the port of Piraeus and the main power company, the Public Power Corporation of Greece. Ref. Source 5

Business Greece

Those changes are going to have a big impact on business and business relations in Greece. I hope the new leftist government knows what they are doing.

Greece Business

Greece needs bridge loan, not bailout - PM Tsipras:

Greece cannot service its huge debt and will seek a bridge loan rather than an extension of its bailout, Prime Minister Alexis Tsipras has said. Ref. Source 7

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Greek FinMin Warns "Euro Will Collapse If Greece Exits", Says Italy Is Next:

"If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said on Sunday Ref. Source 9

Greece Business - Page 7

ECB Gives Emergency Loans to Greece:

As European leaders meet in Brussels regarding Greece's debt, the European Central Bank's grants a US$5.7 billion emergency loan to Athens. Ref. Source 3

Greece Business Politics Business Civil & History - Page 7

Thousands rally against austerity across Greece ahead of Monday's Eurozone meeting:

On Monday, a gathering of Eurozone finance ministers will consider Greece's proposal for short-term "Bridge financing" Without the onerous terms previously imposed on the country, until a longer-term solution to Greece's crushing debt is found. Ref. Source 7