Bailout

EU pledges support for Greece as markets plunge

The European Union's executive commission has vowed continuing financial support for Greece as markets punish the bailed-out country's stocks and bonds.

Commission vice-president Jyrki Katainen said in a statement Thursday there should be "no doubt that Europe will continue to assist Greece in whatever way is necessary" so the government can keep financing itself.

Greek 10-year yields rise one percentage point on day

Greek 10-year bond yields rose by one percentage point on Thursday, on mounting worries over the likelihood of early elections next year and a risky plan to leave the bailout program a year ahead of time.

Ten-year Greek yields last stood at 8.86 percent. Yields for the three- and five-year bonds rose above 7 percent. [Reuters]

SYRIZA attacks 'empty handed' Samaras in wake of Berlin meeting

One day after Prime Minister Antonis Samaras met with German Chancellor Angela Merkel where he set out how Athens could exit its adjustment program and cover its financing needs from next year, leftist opposition SYRIZA attacked the conservative leader saying talks in Berlin had produced zero results.

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