Tuesday, September 13 2011 , Your time is 15:58:00
Greeks are preparing for a referendum on July 5 that will see the debt-ridden country either accept or reject punishing austerity measures imposed by international creditors amid a serious cash crisis, street protests and increasing threats from global institutions.
Deniz Zeyrek - LONDON
Any possible early elections would coincide with the G-20 annual meeting in Turkey, to which the representatives of the 85 percent of the world economy will attend, according to the head of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), Rifat Hisarcıklıoğlu.
BRUSSELS - Agence France-Presse
Greek Prime Minister Alexis Tsipras vowed July 1 to press ahead with a controversial bailout referendum as European leaders ruled out any fresh debt offer before July 5 vote
ANKARA - Anadolu Agency
Inflation in Turkey dropped sharply in June with decreasing food prices, the Turkish Statistical Institute (TÜİK) stated on July 3, but analysts doubt that a further decline is in store
It will be crucial for the Greek government to properly manage a probable chaotic situation stemming from a “no” result in the July 5 referendum, former Prime Minister George Papandreou has told daily Hürriyet
SEOUL - Agence France-Presse
The South Korean government on July 3 agreed to inject $20 billion into the flagging economy, which has been hit by the MERS virus outbreak and sluggish consumption.
ISTANBUL - Reuters
Turkey’s exports decreased 8.1 percent in the first half of the year to $73.26 billion from the same period of 2014
ATHENS - The Associated Press
The battle for Greek votes entered full swing on July 2 ahead of a crucial weekend referendum that could decide whether the country falls out of the euro
Greek Prime Minister Alexis Tsipras made a fresh reform proposal to eurozone ministers on July 1 after Greece became the first advanced economy to default on an IMF payment
Turkish economy minister Nihat Zeybekci has said the country will put additional import taxes on electronic goods in the upcoming days
ANKARA – Anadolu Agency
The purchasing manager index of Turkey, seen as a gauge for the economic health of the manufacturing sector, declined below a critical level in June, data from Markit Economics indicated on July 1.
MONTERREY - Reuters
ArcelorMittal, the world’s largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on July 1, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs.
The World Bank has said it would stick to its 3 percent growth forecast for Turkey this year, but cut its 2016 and 2017 growth forecasts to 3.5 percent, citing the uncertain political outlook after the June 7 parliamentary elections, in a brief note on July 1
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