George Papandreou

According to the Wall Street Journal, Greece's creditors are expected to release another tranche of money to the debt-ridden country, after the country announced additional taxes to cover a €2 billion shortfall in revenues. You know what? It does not matter. Greece is going to fail soon anyway...

Greek Prime Minister George Papandreou has won enough votes for the second budget bill, and the austerity vote has passed. Markets are higher after the vote. The Dow is up 110 points, the NASDAQ is up 23 points and the S&P 500 is up nearly 10 points.

The European Union said that the Greek Parliament must pass the latest round of austerity measures in order to receive the next installment of the 110 billion euro loan from the European Union and the International Monetary Fund. Without the next loan installment, the Greek government could run...

Greek Prime Minister George Papandreou won a confidence vote yesterday, which will give Greece additional bailout funds to help it stave off default. Lambs, gyros and hairy men for all!!! Paul R. Allen, the former CEO of Taylor Bean & Whitaker received a 40 month sentence for participating in...

On Tuesday night, George Papandreou, Prime Minister of Greece, survived a vote of confidence in Greece's parliament. The outcome of the vote was widely anticipated beforehand, as markets moved the EUR/USD pair higher and European stocks benefited. Yet, the vote may have had other affects traders...

G-20 farm ministers may dub this “the century of hunger” unless they can agree to new rules on food supply. Bank of England policymakers discussed a second round of quantitative easing, as they believe Britain's economic outlook is getting worse. Greek Prime Minister George Papandreou won a...

In a stunning move, the Greece confidence move has passed, and the markets are reacting in kind. The Euro is moving higher as a result of this vote, and equity futures are moving higher as a result of the vote. Traders should watch the CurrencyShares Euro Trust (NYSE: FXE) tomorrow as a result...

The Obama administration is launching a $1 billion program that will help the unemployed with loans to help them avoid foreclosure. The Federal Trade Commission is looking into whether oil companies have manipulated crude oil prices. Greek Prime Minister George Papandreou faces a confidence vote...

A Greek website, Capital.gr, says that the Greek no-confidence vote is likely to pass tonight. The vote is a condition of Greece receiving the European Union's portion of the next tranche of the bailout due in July. The tranche was originally scheduled to be paid this month, but has been pushed...

It looks as if it is all but certain that Greece will eventually default on its debt, whether it receives the next tranche of its bailout package or not. Just look at the spreads on Greek debt over comparable German debt. The spreads are astronomic. Late Friday before the bell, Moody's hit us...

Greek credit default swaps continue to rise as the concerns over a Greek default continue to grow by the day. Greek CDS rose 323.5 basis points from yesterday, going to 2,262.2 basis points on the 5 year debt. Yesterday, Prime Minister George Papandreou riled markets as many had been expecting...

Reports say the German government is pushing to delay the second round of Greek bailouts until the end of the summer, but with riots increasing in intensity, it seems unlikely that the Greeks can wait that long. A delay might lead to Greece defaulting or exiting from the Eurozone. German...

The Swiss franc is the early morning winner on Thursday, rising against major currencies in spite of faltering industrial production. At around 8:20 am GMT, the U.S. dollar fell 0.26% against the franc to 0.8507. The Swiss currency made even stronger gains against the euro and the British pound,...

In an about turn of face, Greek Prime Minister George Papandreou has announced he is staying on, despite reports to the contrary that he would resign. Papandreou also announced that he would be reshuffling members of his cabinet, and would seek a vote of confidence. It looks as if the Greek...

Greece's Socialist government has been in power-sharing talks with its opposition, the conservatives. This could ultimately lead to the resignation of Prime Minister George Papandreou, who has promised to resign if a bailout package is approved. As the two parties talked, riots were taking place...