Nov 8




Outgoing Prime Minister George Papandreou and the opposition leader Antonis Samaras reached an agreement Monday night on the name of the head the next coalition government. Without giving his identity. Greek Prime Minister George Papandreou will soon give way to the head of the country.

Outgoing Prime Minister George Papandreou and his conservative rival Antonis Samaras reached an agreement Monday night on the new leader of the coalition government they have committed themselves to form Sunday, said the public television channel Net. Without explicitly confirm this breakthrough, or provide details, the spokesman of the outgoing government, Ilias Mosialos, confirmed in a statement that the negotiations between the two parties had reached "positive approaches to the appointment of new Prime Minister."

According to Net, the name of the new prime minister will be made Tuesday, together with the composition of the new cabinet, expected to leave Greece for its serious economic and political crisis by ensuring, before early elections by the end February, the implementation of debt reduction plan in the euro area adopted in late October in Brussels. Discussions between the two main Greek parties have dragged on, despite the impatience of European partners who are tired of Greek procrastination.

"An agreement is delayed, it is not easy. Antonis Samaras and George Papandreou are in constant contact and try to find the necessary solutions," had said Monday night in a government source. "If necessary, it will last until tomorrow," she had said. Asked by Net, Conservative MP Harakopoulos Maximos for his part acknowledged "a problem" in the negotiations.

Nov 3




The performance of the Italian Treasury bond to 10 years reached 6.4% in the early morning, beating the previous record of 5 August. Concerns about the risks of contagion have increased tenfold with the announcement of the referendum in Greece. Italy is in the crosshairs of the markets because of its huge debt and the steps considered insufficient, the government has taken to reduce that debt.

Interest rates in the long term in Italy reached a record of more than 6.4% in early Thursday morning, a sign of lingering distrust of markets to this country that supports a huge debt. Italian rates to ten years now reached unbearable levels over the long term.

The performance of the Italian Treasury bond rose to 10 years 6.402%, before retreating slightly. Around 9:30 (0830 GMT), it still amounts to 6.319%. The previous record was dated August 5.

Nov 1




The New York Stock Exchange opened sharply down Tuesday, announcing a referendum on the agreement of the Greek bailout of the country that created a shock and sealed all the world markets, particularly the financial sector.

In early trade, the Dow Jones lost 2.15% to 1.1711,20 points. The Standard & Poor's, larger yield 2.46% to 1221.38 points while the Nasdaq Composite was down 2.52% to 2616.69 points.

Morgan Stanley fall of 9.4% and Bank of American 4.8%, while the index of the CBOE Vix volatility flies over 19% to 35.70.

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