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Latest Greece News more» 
  • ECB move on Greek banks hits euro confidence

    • Newly appointed caretaker PM Pikrammenos shakes hands with Greece's President Papoulias during their meeting in AthensFRANKFURT/ATHENS (Reuters) - The European Central Bank has stopped offering liquidity to some Greek banks it does not consider solvent, and international concern about the euro zone rose as Athens called new elections that look set to be won by parties opposing austerity measures. Fears that Athens is on the brink of crashing out of the euro zone and igniting a renewed financial crisis have rattled global markets and alarmed world leaders, with Greece set to figure high on the agenda at a G8 summit later this week. ...



  • Copper rises after four-day slide, fragile gains

    • SINGAPORE (Reuters) - London copper edged higher for the first time in five sessions on Thursday with a firmer euro aiding its bounce from four-month lows in the previous session amid a deepening debt crisis in Europe exacerbated by political instability in Greece. The modest gains in copper suggests many investors are wary of bidding up prices aggressively given the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. FUNDAMENTALS * Three-month copper on the London Metal Exchange gained 0. ...
  • Greece gets caretaker PM until new vote in June

    • Newly appointed caretaker Prime Minister Panagiotis Pikramenos talks with Greece President Karolos Papoulias, not seen, during their meeting at the Presidential palace in Athens, Wednesday, May 16, 2012. The head of Greece's Council of State will take the reins of the country until it holds new elections on June 17, a meeting of party leaders decided Wednesday, a day after power-sharing talks collapsed. (AP Photo/John Kolesidis, Pool)A senior judge has been sworn in to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.
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