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Greek strike grounds flights, shuts ministries

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A nationwide strike grounded flights, trains and ferries in Greece on Wednesday as thousands rallied in Athens to protest austerity plans aimed at wrenching Greece out of a debt crisis that has shaken the euro zone.

Greece not alone in exploiting EU accounting flaws

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Fury over Greece using derivatives that masked its debt conveniently ignores the fact that euro zone countries and EU bookkeepers have approved other deals worth billions of euros for over 10 years.
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Greece says not seeking EU taxpayers' money

Greek Prime Minister George Papandreou said on Wednesday his debt-stricken country was not seeking European taxpayers' money but needed a breathing space to cut its budget deficit and borrow on normal conditions.
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Greece not seeking EU taxpayers' money

Greek Prime Minister George Papandreou said on Wednesday his debt-stricken country was not seeking European taxpayers' money but needed a breathing space to cut its budget deficit and borrow on normal conditions.
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EU suggests extra Greek deficit cuts will be needed

European ministers told Greece on Tuesday it may need to take further steps to bring a swollen debt under control and calm irrational financial markets, as wage cuts already announced by Athens sparked another strike.
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EU ministers press Greece on extra deficit cuts

Sweden's finance minister said on Tuesday Greece's deficit-reduction plan was not enough, raising pressure on Athens to do more to prevent a swollen debt and broader financial market trouble from getting out of hand.
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Euro near lows; Dubai debt fears rise

The euro held near a nine-month low against the dollar on Tuesday, with all signs that euro zone policymakers will focus on making Greece fully implement budget cuts rather than gifting it swift financial aid.
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Greek drama plays out on Wall Street

U.S. stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece's debt problems.
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FOREX-Euro slides on Greek woes; China news hits risk assets

The euro fell to a nearly nine-month low against the U.S. dollar on Friday as questions persisted about a rescue deal for debt-stricken Greece, while higher-yielding currencies weakened after China unexpectedly raised bank reserves. The euro headed for its fifth weekly drop versus the safe-haven greenback as a lack of details in Thursday's pledge by the European Union to help Greece fanned fears of a wider euro zone debt crisis.
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Greek slump threatens debt plan, EU aid elusive

Greece's economy shrank more than feared last quarter and the government on Friday sharply revised down its figures for the previous three quarters as well, increasing doubts about its ability to resolve its debt crisis.
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German halt, Italian reverse hit euro zone recovery

Europe's post-recession recovery hit a roadblock on Friday as German economic growth unexpectedly halted and Italy went into reverse in the final quarter of 2009, knocking total euro zone GDP growth almost flat.
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IMF offers to help Greece; EU disappoints markets

The International Monetary Fund on Friday joined the European Union in pledging support for Greece in its struggle to bring its ballooning budget deficit under control and contain its debt crisis.
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EU's backing of Greece, data boost Wall Street

Stocks rose on Thursday after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks.
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EU's support for Greece, data lift Wall St

U.S. stocks rose on Thursday after a pledge by European leaders to support debt-laden Greece eased fears of a broader euro zone crisis and upbeat data from China spurred mining and material stocks.
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FOREX-Euro falls broadly as Greece deal offers few details

The euro fell against the dollar on Thursday as investors were disappointed with the lack of details regarding a European Union deal to support heavily-indebted Greece. The euro zone currency also dropped against the yen and sterling after European leaders sought to prop up Greece with words of support at a summit on Thursday, but failed to make concrete pledges, describing the promise of support as a political statement.
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EU pledges to support Greece, but offers no details

European leaders sought to prop up Greece with words of support at a summit on Thursday but failed to offer concrete proposals to help the country tackle its debt crisis, prompting a negative market reaction.
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EU leaders reach deal to rescue Greece

European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.
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EU summit to get to grips with Greece rescue plans

European Union leaders are expected to lay the foundations for a financial rescue of Greece at a summit in Brussels on Thursday, but any package of support is likely to require major economic adjustments by Athens.

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