Greek Prime Minister Lucas Papademos warns the Greek people of imminent catastrophe if parliament fails to pass a deeply unpopular austerity bill.

Excerpt from:
Greek PM gives final euro warning

The Greek prime minister has failed to secure his coalition parties’ agreement to fresh austerity proposals, needed to agree a new bailout package.

Link:
Greek parties fail to agree cuts

The Greek government is proving powerless to transform an inefficient public administration that has served as a power base for the same political leaders now being asked to dismantle it.

Go here to read the rest:
The Powerful Resist Change to Greek Tax System

The Institute of International Finance said on Saturday that talks on a Greek debt swap deal were continuing and its chief’s departure from Athens was scheduled and not unexpected.

Visit link:
Greek Deal Unlikely Before Next Week

A compromise seems to be at hand over how much of a loss investors should take on just over 200 billion euros in Greek government bonds.

Here is the original post:
DealBook: Greece Inches Toward a Deal With Its Bondholders

A compromise seems to be at hand over how much of a loss investors should take on just over 200 billion euros in Greek government bonds.

See the original post here:
DealBook: Greece Inches Toward a Deal With Its Bondholders

In an interview, Prime Minister Lucas Papademos said he was optimistic about talks set to resume with holders of Greek debt, but was considering his options if they do not succeed.

See original here:
Papademos Says Greece’s Creditors Could Be Forced to Take Losses

Milt Greek, an Ohio computer programmer, helps other people who have been diagnosed with schizophrenia to share their stories and gain insight into their condition.

Link:
Lives Restored: Man Uses His Schizophrenia to Gather Clues for Daily Living

Thousands of people take part in an annual march in the Greek capital, with numbers swelled by anti-austerity demonstrators.

View post:
Greece protesters rally in Athens

I’m afraid I can’t get too excited about the Newt Gingrich boomlet. The field general of the Revolution of 1994 is suddenly out in front of the Republican presidential primary polls , but I can’t help thinking that he will soon go the way of Rick Perry and Herman Cain. It’s not Gingrich’s disparaging of President Obama’s “Kenyan, neo-colonial” worldview. Or the six-figure bills he and his third wife ran up at Tiffany’s. Or the cruise of the Greek islands that led much of his staff to quit in frustration. Read full article > >

Visit link:
Why Newt Gingrich won’t last

LOS ANGELES — The gods of ancient Greece have extended their rule to the weekend box office with a No. 1 debut for the action tale “Immortals.” The story of Greek hero Theseus took in $32 million domestically, while Adam Sandler’s comedy “Jack and Jill” opened at No. 2 with $26 million, according to studio estimates Sunday. Read full article > >

More:
‘Immortals’ reigns with $32M opening weekend; Sandler’s ‘Jack and Jill’ takes second with $26M

UK Chancellor George Osborne warns the eurozone crisis is still “dangerous” as a new Greek leader takes office and Italy comes closer to passing austerity measures.

Continued here:
Eurozone crisis ‘hitting UK jobs’

New Greek PM Lucas Papademos says the priority of his incoming coalition cabinet is to keep Greece in the eurozone by approving an EU bailout.

Read more from the original source:
New Greek PM pledges euro focus

French bank Credit Agricole reports a 65% drop in third-quarter profits after being hit by losses on Greek sovereign debt.

Go here to see the original:
Greek charges hit Credit Agricole

Talks on forming a new Greek government head into a fourth day, after the smallest party in coalition talks walked out of the negotiations.

Excerpt from:
Greek government talks deadlocked