Question on Greek referendum remains open

Source: Reuters

Greece Prime Minister and the referendum initiator George Papandreou said on Thursday that nations' opinion is required as alternative in case the strong opposition in Greek parliament will not back the bailout package agreed earlier. He stated that if the opposition will support tough bailout requirements, the referendum is not a necessity.  

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Thu, 03 Nov 2011 16:29:24 GMT

Greek PM may be required to resign

Greek PM George Papandreou faced a severe opposition when trying to propose referendum on EU debt crisis plan. Four ministers including Finance Minister Evangelos Venizelos voted against referendum.  According to EU officials, Greece will not have access to bailout funding until it approves the agreement. George Papandreou has received requests from his own party members to resign.

Tue, 18 Oct 2011 13:41:09 GMT

The Fed is concerned over the US inflation

Viewpoints of the policymakers have split over the right course of further monetary policy: one top policymaker suggested extra stimulus provision is necessary, while another pointed at a necessity of monetary policy tightening. Jeffrey Lacker, the head of the Richmond Fed, admitted that although the US inflation is more likely to diminish in the next months due to declines of

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