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Greece asks for EU-IMF bailout

ATHENS Greece - (APINTL) Greek Prime Minister George Papandreou called for the activation of a joint eurozone-International Monetary Fund financial rescue to pull his country out of a major debt crisis. Papandreou, saying market pressure threatened to derail the country's economy, announced Friday...

Greece downgraded as debt crisis worsens

ATHENS - (APINTL) Europe's government debt crisis worsened ominously Tuesday when Greek bonds were downgraded to junk status and Portugal's debt was lowered on fears the trouble could spread. Stocks slid on the news. German reluctance to fund most of a euro45 billion bailout of Greece by European...

EU president: Greek aid package talks 'on track'

TOKYO - (AP) European Union President Herman Van Rompuy said Wednesday that negotiations on the activation of a rescue package for debt-burdened Greece are "well on track" and he plans to hold a summit around May 10 for eurozone leaders. "The negotiations are going on. They are well...

Europe debt crisis spreads to Portugal

ATHENS - (APINTL) Greece was pushed to the brink of a financial abyss and started dragging another eurozone country Portugal down with it, fueling fears of a continent-wide debt meltdown. Stocks around the world tanked after ratings agency Standard & Poor's on Tuesday downgraded Greek bonds...

EU president: Greece will get aid in time

TOKYO - (AP) The European Union's president said Wednesday he is fully confident that debt-laden Greece will receive the financial assistance it needs in time to address its debt problems and to preserve eurozone stability. Negotiations on a euro 45 billion rescue package are "on track"...

Greek PM says more cuts needed for survival

ATHENS, Greece - (AP) Facing a dire choice of additional pain or bankruptcy, Greece on Friday heralded drastic new cuts and tax increases to win rescue loans from its European partners and the International Monetary Fund and avoid a disastrous default on government debt. Prime Minister George Papandreou...

Aid plan for Greece worth $145 billion

BRUSSELS - (APINTL) Finance ministers from the 16 countries that use the euro agreed Sunday to rescue Greece with euro110 billion in loans over three years to keep it from defaulting on its debts. The loan package with the International Monetary Fund is also aimed at keeping Greece's debt crisis...

Greeks and the state: an uncomfortable couple

ATHENS - (AP) A pony-tailed Greek on a motorcycle pulled up onto the sidewalk, hunting for a better parking spot, and an elderly tourist with a crutch shuffled out of the way. The good-natured driver explained his illegal maneuver with a smile. One word was enough. "Greece," he told her...

Police use tear gas against Greek protestors

ATHENS, Greece - (AP) Protestors tried to storm Greece's parliament and hurled paving stones at police, who responded with tear gas Wednesday as tens of thousands of outraged Greeks took to the streets to protest harsh new spending cuts aimed at saving their country from bankruptcy. Running street...

EU tries to calm market fears over debt crisis

BRUSSELS - (APINTL) The European Commission on Wednesday tried to calm fears that Greece's debt crisis is spreading to other European countries, insisting Greece is a "unique case." Presenting a small upward revision to this year's growth forecast for Europe, EU Commissioner Olli...

General strike hits indebted Greece over new cuts

ATHENS, Greece - (AP) Flights to and from Greece were grounded, trains and ferries suspended their routes and public services were paralyzed Wednesday as angry Greek workers went on strike to protest harsh new spending cuts aimed at saving their country from bankruptcy. The 24-hour general strike...

Euro zone summit to try to douse debt crisis

BRUSSELS - (APINTL) With shares plummeting from China to the United States on fears that Greece's debt disaster could undermine a global recovery, European leaders gather Friday for another try at calming panicky markets skeptical of their pronouncements that the crisis won't spread to other...

Greece receives EU part of bailout loan

ATHENS, Greece - (AP) Greece received (EURO)14.5 billion in bailout loans from 10 other European Union countries Tuesday, the finance ministry said, just a day before a crucial debt refinancing deadline that threatened the country with default. The loans from other countries that use the EU's...

20,000 people in Greek protest march to parliament

ATHENS, Greece - (AP) More than 20,000 protesters marched through Athens to parliament Thursday as unions challenged Greece's painful austerity measures with their fourth general strike this year. Two separate rallies ended peacefully, but city officials and shopkeepers had taken extensive precautions...

Greece to appoint new head of statistics office

ATHENS Greece - (APINTL) Greece will appoint a new head to its statistics agency in the coming weeks, the finance minister said Thursday, as part of efforts to restore the country's credibility that was tarnished by repeated fudging of financial data. The previous head of the statistics agency...

EU, IMF team in Athens to review deficit progress

ATHENS Greece - (APINTL) A delegation from the International Monetary Fund and the European Union arrived in Athens Monday for an interim review of Greece's efforts to pull itself out of a major debt crisis that pushed it to the brink of default. The delegation, which will stay in Athens for the...

Strikers disrupt ferries in main Greek port

ATHENS Greece - (APINTL) Glum tourists sat on suitcases in Greece's main port of Piraeus as yet another strike against austerity measures prevented them from boarding ferries to dream Aegean island vacations at the start of the nation's lucrative summer holiday season. The scenes Wednesday...

As cuts bite, Greece battles dissent

ATHENS Greece - (APINTL) The Greek government is battling growing discontent over a new round of economic austerity, with fresh strikes, public hostility, and party dissent testing the nation's ability to make it out of its debt crisis. Unions on Thursday staged their sixth general strike this...

Greek Law on Investments in Renewable Energy Sources

by Christina Koliatsi Following the European Commission's 20 per cent target for the overall share of renewable energy sources (RES) for the EU by 2020, Greece has made strides to meet that goal. Greece has harmonized Directive 2001/77/EC on power production from RES with its national Law...

Johnson & Johnson, DePuy Pay $76.9 Million To Settle Foreign Bribery Claims

(Mealey's) Johnson & Johnson (J&J) and subsidiary DePuy International Ltd. will pay $76.9 million to resolve criminal and civil allegations in the United States and in the United Kingdom that they paid kickbacks to doctors in Greece, Poland, Romania and Iraq to use the companies' drugs...

ICC Arbitration Conference in Athens

DATE : October 7, 2011 WHERE : Athens, Greece PRICE : FREE ORGANIZERS : ICC International Court of Arbitration and ICC Hellas Topics include: - Introduction to the new ICC Rules of Arbitration - Cost efficiency in ICC Arbitration - Constitution of the Arbitral Tribunal: how to avoid challenges to arbitrators...

Greece plans detention sites for illegal migrants

ATHENS Greece (AP) - Authorities in financially troubled Greece on Monday detailed plans to build detention centers for 30,000 illegal immigrants by 2014, a project they claimed would help fight rampant inner-city crime, deter economic migrants and create thousands of local jobs. Public Order Minister...

State Net Capitol Journal - May 21, 2012

Budget & taxes CONGRESSIONAL REPUBLICANS CALL OUT STRUGGLING US STATES: As economic turmoil returned this month to Greece and Spain, key Republicans in Congress issued a tough message for struggling U.S. states. "Recent experience on Wall Street and in Athens suggests that if decision makers...

State Net Capitol Journal - May 21, 2012

Budget & taxes CONGRESSIONAL REPUBLICANS CALL OUT STRUGGLING US STATES: As economic turmoil returned this month to Greece and Spain, key Republicans in Congress issued a tough message for struggling U.S. states. "Recent experience on Wall Street and in Athens suggests that if decision makers...

DLA Piper LLP: How the EU Has Implemented the New Privacy Directive on Cookies

The European Union's E-Privacy Directive has been in effect since May, and many jurisdictions across the EU are already tackling its implementation. Belgium, Cyprus, France, Greece, Italy, Malta, The Netherlands and Spain have all taken action regarding the Directive. Moreover, the Article 29 Working...