Euro Finance Ministers to Discuss Greece’s Future
BRUSSELS — Greece‘s international lenders have prepared a “positive” report on the country’s reform efforts – a crucial step in its efforts to secure the next installment of its bailout loan, the head the of group of finance ministers from the 17 euro countries said Monday. Jean-Claude Juncker, head of the eurogroup and also prime minister of Luxembourg, said one important issue remains unresolved: how much time Greece will be given to reduce its debts to a manageable level. Juncker said eurozone finance ministers meeting Monday evening in Brussels would discuss whether Greece should be given extra time to cut its debt to a sustainable level of 120 percent of its gross domestic product beyond the original deadline of 2020. Still, Juncker said, the report – prepared by the so-called troika of international lenders, composed of the IMF, the European Central Bank, and the European Commission, which is the European Union‘s executive branch – will show that Greece has made impressive ...
PODCAST: Greek and Spanish protests, 3-D printing buzz
Wednesday, September 26, 2012 - 09:35 Aris Messinis/AFP/Getty Images Demonstrators march on September 26, 2012 in Athens during a 24-hours general strike. Feels like we've seen this before, and yet -- today's angry confrontations and the tens of thousands on the streets in Spain and Greece come at a sensitive time. Spain has signaled it is close to asking for a bailout that will bring some harsh conditions for people used to a big-spending government. And Greece is trying to find a way to adhere to the conditions it has already accepted. New home sales in the U.S. fell a bit in August. But they're still sitting near two-year highs. Prices of new homes hit the highest point in five years. Also new this morning: Applications for mortgages rose last week -- thanks to interest rates plumbing record lows. In recent years Americans have been replacing their knees at an remarkable rate. A new study in the Journal of the American Medical Association finds total knee replacements have more than doubled ...
PODCAST: Greece holds on, an ATM lets too much go
After weeks of uncertainty, it appears as though Greece will be staying in the eurozone... at least for now: the pro-bailout, pro-austerity New Democracy party narrowly beat the anti-bailout Syriza party in yesterday's elections. Critics say President Obama's decision to allow undocumented immigrants to work legally will make the job market here in the U.S. even tougher. Look out for sunburns today, as some new federal rules for sunscreen products that were supposed to take effect won't actually be enforced until December. And what Microsoft is up against when it finally releases its new tablet.
Video: Microsoft to unveil iPad competitor
Greece will likely stick with the Euro following elections; Obama is in Mexico for G20 Summit and Microsoft set to unveil a tablet computer. Erica Ferrari reports.
Found more than 1 month ago on channel CBS
European Debt Woes Cast Shadow Over U.S. Economy
Austerity measures aimed at curing Europe's debt crisis have thrown a number of eurozone countries into recession. The threat of default in Greece, and in even larger countries like Spain, rattled U.S. financial markets. President Obama recently said the troubles in Europe are casting a shadow over the U.S. economy.
Found more than 1 month ago on channel NPR