Topic: Greek Economy
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Greek bailout: 5 key conditions set by EU
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
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Correspondent reflections: The 10 news events that shaped 2011
In this special section, we look at the year’s biggest stories, and seven staff correspondents reflect on events in hot spots from Latin America to the Libyan front.
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A brief history of the Greek debt crisis
The Greek debt crisis has unfolded over several years and through a litany of bailouts, parliamentary votes, and credit downgrades. Here is a brief overview of how we got to where we stand today.
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European debt crisis: Seven basics you need to know
Will this crisis ever be over?! Eurozone nations seem to be fighting endless battles to address fears about government finances. The worry is that unsustainable national debt loads will result in default, a financial panic, or a costly repair effort. Here's what you need to know about the problem and possible ways forward.
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Robert Reich
US wages and Europe's austerity: the perfect storm
What if Europe and the US converged on a set of economic policies that brought out the worst in both – European fiscal austerity combined with a declining share of total income going to workers? Given political realities on both sides of the Atlantic, it is entirely possible.
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Stefan Karlsson
Europe can strengthen Greece without weakening Germany
Some experts warn that Greece can't reduce its current deficit unless Germany and other better-off nations reduce their surpluses. Here's why they're wrong.
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Where gas prices are highest
Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
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Stefan Karlsson
Will Greek default really mean leaving the EU?
German leaders have warned that if Greece cancels its austerity measures, Germany and others will stop funding the Greek budget deficit. That may not necessarily mean that Greece will be forced to exit the EU and reintroduce the drachma.
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No government yet for Greece after Sunday's election
Voters sent a strong message of anger over austerity measures imposed by Greece's foreign lenders, but with no party in the majority a government has yet to be formed.
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After falling, stocks recover from Europe elections
Stock markets recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe's plans for fighting its debt crisis. In the US, the Dow finished the day down 29 points at 13,008.
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Greece election results cause problems for bailout plans (+video)
Elections in Greece over the weekend saw both far-right and left-leaning politicians gain seats in parliament, setting up a fight over the country's economic future.
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Stock market fallout: Europe elections spook traders
Stock market in Athens plunges 8 percent at one point after Greek election points to no clear winner. Stock market reaction elsewhere in Europe is negative.
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Greece heads to the polls – and the political fringes
Today's national elections in Greece could see the end to a two-party monopoly over politics as discontent over the economic crisis generates interest in smaller parties.
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Greek finance minister quits post to lead struggling Socialist party
Greek Finance Minister Evangelos Venizelos is resigning his cabinet post amid the ongoing debt crisis to lead the Socialist party in general elections this spring.
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Stock market points to lower open
Stock market futures in US follow Europe, Asia lower. Stock market focus is on Greek debt deal and slowing growth in China.
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Biggest debt restructuring in history buys Greece only 'a bit of time'
Private investors agreed to write off 85.8 percent of Greece's private debt, but analysts warn that if Greece doesn't address underlying problems, the deal will not fix things for long.
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Stocks rise as Greece nears debt swap deal
The Dow gained 70 points to close at 12907 Thursday as Greece closed in on a deal to restructure its debt and avoid a default.
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Greece to investors: take a haircut so we can get our bailout (+video)
For Greece to receive its second international bailout, private lenders need to agree to a substantial debt write-off. The deadline for an agreement is tonight.
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The New Economy
Greek default? It's already happening, debt deal or not.
Greek debt swap may not be a default technically speaking, but it's still a default. Holders of Greek debt and Greece's citizens are feeling its pinch.
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Greece's debt: What happens if deal fails?
Greece debt default looms if 75 percent of debt-holders don't go along with the negotiated restructuring plan. Even so, market reaction to a disorderly default on Greece's debt could be minimal.
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German vote on Greek bailout hints at tough road ahead for Merkel
The German parliament endorsed a second bailout for Greece, but a drop in support among members of Chancellor Merkel's coalition is evidence that she'll have to work hard to get support for future assistance.
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Stock market woe: high oil prices
Stock market averages fall in Europe, Asia as high oil prices stoke worries that they could undercut economic recovery. Stock market in US set to open lower.
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Stocks close lower after flirting with 13000
The Dow lost 27 points to close at 12938 Tuesday as stocks closed lower for the first time in four trading days.
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Dow breaks 13000 but can't stay there
The Dow rose 15 points to close at 12965, just shy of the 13000 mark that it crossed earlier Tuesday. It was the first time the index had reached that mark since 2008.
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Greek bailout: 5 key conditions set by EU
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
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Greeks greet debt deal with relief, but dread sacrifices ahead
The EU agreed to give Greece a $170 billion bailout, rescuing the country from a default next month. But after five years of recession, the economic outlook is still not promising.
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Stock market jumps; Dow barrels toward 13000
Stock market was buoyed by good news about jobs and housing. The Dow rose 123 points to close at 12904, within 100 points of 13000. Gains on the stock market overlooked problems in Greece for the time being.
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Stocks rally as Greek debt talks show signs of life
After losing for most of the day, the Dow rallied to close up four points at 12878 on late reports that suggested the unraveling Greek debt talks might be saved after all.
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Rioting, fires break out in Athens amid protests against Greek austerity
Rioting broke out in Athens, with fires engulfing multiple buildings, as Greek citizens protested against a government plan to slash wages and eliminate government jobs in exchange for an international bailout.
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