GREECE - Flights were grounded and hospitals run on skeleton staff yesterday as Greek workers took strike action in the latest twist in the bond overpricing scandal.
The strike was called by two unions, the General Confederation of Workers (GSEE) and Greek Civil Servants’ Union (ADEDY). In their joint statement the unions said: “We want the money to be returned and...
EUROPE - RBS expects Greece will experience a hard default this December in a move it says will cause "violent contagion" in global markets.
GREECE - Standard & Poor's has slashed Greece's long term credit rating from B to CCC, amid fears private sector debt proposals will amount to a default.
GREECE - The Greek parliament has narrowly voted to approve a drastic austerity package despite facing widespread opposition.
GREECE - Greece plans to sell €1.25bn ($1.78bn) of 13-week Treasury bills today as growing speculation the country will need to restructure its debt pushed bond yields to euro-era records.
GREECE - Greek telecom operator Hellenic Telecommunications Organisation (OTE) has said it will have to book a €129.8m ($179m) pensions cost charge to its 2010 accounts following an actuarial study by the Greek government.