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Picasso, Mondrian Paintings Stolen in Greece

The Wall Street Journal 01/09/2012

Eurozone ministers OK $10.7 billion Greek loan

DON MELVIN and GREG KELLER Yahoo! News 11/29/2011
Picasso, Mondrian Paintings Stolen in Greece

Thieves carried out a well-organized, pre-dawn heist at Greece's biggest state art museum on Monday, taking two oil paintings by 20th century masters Pablo Picasso and Piet Mondrian, police said.

Eurozone ministers OK $10.7 billion Greek loan

Eurozone ministers threw a lifeline to Greece on Tuesday as they scrambled to prevent financial chaos from spreading further and driving Europe's common euro currency into a catastrophic breakup.

German push for Greek default risks EMU-wide 'snowball'

Ambrose Evans-Pritchard Telegraph 10/10/2011
Greece: Bailout Funds Held Until After Vote

Greece will not receive any more money from the eurozone emergency bailout fund until after its referendum, the leaders of France and Germany warned ahead of a G20 summit set to be dominated by the fallout from the decision.

German push for Greek default risks EMU-wide 'snowball'

Germany is pushing behind the scenes for a "hard" default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first.

Police, rioters clash in Greece as nation goes on strike...

Alexandra RENARD / Clovis CASALI / Matthieu MABIN France24 10/05/2011
Police, rioters clash in Greece as nation goes on strike...

Greek police tear-gassed protestors in central Athens on Wednesday as public sector staff and students went on strike over austerity cuts, shutting down courts, schools and transport including flights.

Greece to Miss Deficit Targets Despite Austerity

Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

Lenders press Greece to shrink state and avoid default

George Georgiopoulos and Ingrid Melander Reuters 09/19/2011
Greek default would destroy faith in Europe: Merkel

Allowing Greece to default on its debt now would destroy investor confidence in the euro zone and might spark contagion like that experienced after the bankruptcy of Lehman Brothers in 2008, German Chancellor Angela Merkel said on Sunday.

Lenders press Greece to shrink state and avoid default

International lenders told Greece on Monday it must shrink its public sector to avoid running out of money within weeks, as investors spooked by political setbacks in Europe dumped risky euro zone assets.

Athens burns in riots: Protests explode as Greek MPs debate EU's call for £25bn in cuts

David Williams and Christine Pirovolakis Daily Mail 06/28/2011
German minister raises ‘orderly default’ for Greece

Germany has stepped up its rhetoric against Greece, warning that the debt-laden country could default on its debts in a move that highlights the growing divisions at the heart of Europe.

Athens burns in riots: Protests explode as Greek MPs debate EU's call for £25bn in cuts

Riot police fought running battles with hooded youths in Athens yesterday as tens of thousands of protesters took to the streets against tough austerity measures. Parts of the Greek capital were ablaze and dozens were injured as youths hurled rocks, bricks and petrol bombs at police, who responded with baton charges and tear gas.


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