| | | | | | | | Engrish Greek Credit Downgraded Even With Bailout Fitch said Wednesday it has cut Greece two notches (from CCC to C), pushing the credit standing for the Athens government deeper into junk status. The ratings company took the action after Greece earlier this week secured a new $172 billion international bailout and negotiated a $142 billion writeoff of the debt it owes large financial institutions.... Grek Tick Donwrgdaed Even Wif Baliout Fitch says Wendseday eet gots kut Grece one plus one nocthes (frum Ccc ot C), puhsing teh tick stnaidng fur teh Atehns rulezors deper not out of toot sttaus. Teh raitngs copmany tok teh aciton not before Grece ealrier dis wek seucred ans not old $172 biilon inetnrtaoinal baliout adn neogittaed ans $142 biilon wrtieof ob teh debt eet owes beezer fiancnial intstituoins.... | | | | | | | | | | | | | | | Engrish Greece on 'Knife Edge' to Agree on Bailout Papademos called an emergency meeting after Finance Minister Evangelos Venizelos warned that the government has only until Sunday night to produce a second financing package. Venizelos made the statement after eurozone ministers threatened to cut off funds if Greece offers no proof of reforms. He said the moment is crucial, and that Greece is "on a knife edge."... Grece awn 'kinfe Edge' ot Word awn Baliout Paapedmos meowed an emreegncy meitng not before Fiannce Miintser Evnaeglos Veinezlos wanred dat teh rulezors gots ownlee until Bunday night ot prdouce ans after first fiancning pakcage. Veinezlos mayde teh sttameent not before euorozne miintsers thertaneed ot kut off funds if Grece ofers not yes prof ob reofrms. He says teh moemnt iz crcuial, adn dat Grece iz "awn ans knife edge."... | | | | | | | | | | | | | | | Engrish Europe Returns Attention to Greece's Debt Woes Greece, despite several weeks of negotiations, has yet to reach an agreement with its private creditors to cut its debt by $130 billion, half the amount the country owes them. European heads of state and the lenders are pressuring Greece to impose more unpopular austerity measures to cut its deficit spending, regardless of who wins upcoming elections in the country.... Euorpe Reutrns Atneiton ot Grcee's Debt Woes Grece, depsite seevral weks ob neogittaoins, gots yet ot reach an ageremnt wif its tommy crdetiors ot kut its debt beuy $130 biilon, half teh amuont teh conutry owes dem. Euorepan heads ob state adn teh ledners r prseruing Grece ot imopse moar unopuplar autsreity mesarues ot kut its deifcit spneidng, reagdrles ob whoms wins upocimng elceitons ins teh conutry.... | | | | | | | | | | | | | | | Engrish Berlusconi Agrees to Resign Italy's parliament passed the budget bill, a normally routine procedure, by 308 votes in favor. Berlusconi failed to garner a majority, though, and a striking 321 lawmakers did not vote at all. ... Belrsuocni Agres ot Reisgn Itlay's palraiemnt pased teh bugdet bil, ans nomraly rotuine prcodeure, beuy 308 botes ins favor. Belrsuocni belly-up} ot ganrer ans maojirty, thuogh, adn ans stirikng 321 lamwkaers dent vote be whole kit and caboodle. ... | | | | | | | | | | | | | | | Engrish Grek Pm Suvrvies Cofndinece Vote Ins ans spech ahead ob teh vote, Dubya Paapdnerou meowed fur ans not old colatiion rulezors ot aporve ans baliout deal vital fur saivng teh conutry frum baknurtpcy adn stbaliziing teh euorozne. ... | | | | | | | | | | | | | | | Engrish G20 Protesters Demand End to Rich Tax Havens It's a short march to the border of the affluent, and tax-free, principality of Monaco, past luxurious hilltop mansions overlooking the Mediterranean Sea. The scenery here offers a perfect backdrop for the latest demonstration against the G20 summit. Several-hundred activists took part, demanding an end to tax havens for the rich. ... G20 Prtoseetrs Deamnd End ot Rich Tax Haevns It's ans short march ot teh bodrer ob teh afulent, adn tax-fre, prniicapilty ob Moanco, past luuxirous hitlop masnoins ovreolikng teh Meidetarenan C. Teh scneery heer ofers ans pefrect bakcrdop fur teh laetst deomsnrttaion not for teh G20 sumit. Seevral-hudnred acitivsts tok part, deamdning an end ot tax haevns fur teh rich. ... | | | | | | | | | | | | | | | Engrish Grek Ecnoomy Doimantes Canes Canes iz moar used ot hotsing Tom Criuse than Jacob Zuma. But teh Prez ob South Afirca conuts among moar than 30 ledaers adn top fiancnial ofciails meitng heer be teh Group ob 20 sumit. Intsead ob teh faomus Canes film fetsvial, dis agneda is want doimanted beuy teh laetst twist ins teh Euorepan debt crsiis, fooliwng Atehns' cawl fur ans reeferdnum awn its baliout codntioins. ... | | | | | | | | | | | | | | | Engrish Greeks Look to Sun For Economic Salvation Named after the sun god of Greek mythology, "Project Helios" is an ambitious new plan to kick-start economic growth. The project would see billions of euros invested in building the world's largest solar fields across Greece for energy sales to northern Europe.... Greks Gander ot Sun Fur Ecnomoic Savltaion Named not before teh sun god ob Grek myhtloogy, "Prjoect Heilos" iz an amibitous not old plan ot welly-start ecnomoic grwoth. Teh prjoect might c biilons ob euros inevtsed ins buliidng teh wolrd's lagrest solar fileds acros Grece fur enregy sales ot notrehrn Euorpe.... | | | | | | | | | Souce: voanews.com |