George Papandreou News
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As Greece lurched toward its first bailout in early 2010, the largest bank in Cyprus was stocking up on Greek bonds.
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George Papandreou took a gamble on the most ancient of Greek traditions: democracy. Unlike his past success in extracting European bailout packages that avoided default, this idea helped lead to his departure.
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Mario Draghi’s brinkmanship has worked -- for now.
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At his first cabinet meeting after two inconclusive elections and six weeks of turmoil had pushed Greece to the brink of exiting the euro, Prime Minister Antonis Samaras said he’d had enough.
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Following is a timeline of Europe’s debt crisis from the signing of the Maastricht Treaty to Greece’s agreement to set up a government of national unity.
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Greece can overcome the debt crisis and bolster all Europe with the help of stronger leadership from policy makers, Greek Prime Minister George Papandreou said.
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Greek Prime Minister George Papandreou reached out to the opposition about setting up a transitional government, indicating an accord would secure aid and remove the need for a referendum on euro membership.
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Greek Prime Minister George Papandreou stuck to plans to hold a referendum on Europe’s rescue package to confirm the nation’s membership of the euro amid signs his government may collapse.
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Following is a timeline of Europe’s debt crisis from the signing of the Maastricht Treaty to today’s European Central Bank press conference.
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Ruling party lawmakers urged Greek Prime Minister George Papandreou to step aside and allow the formation of a new government that can approve a European Union aid package needed to avert default.
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