Greece admits fiddling euro entry
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Greece's public deficit exceeded eurozone limits when it joined the European single currency in 2001, its finance ministry admits.
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It used to be that European politicians could count on Greece and Cyprus to stand in the way of Turkey&#39;s aspirations to join the European Union.
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The European commission threatened yesterday to suspend development funds to Greece in response to Athens&#39;s admission that it had disguised the extent of the country&#39;s debts in order to join the euro.
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The European Commission is warning Greece about publishing false information about its public finances.
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The European Union&#39;s executive commission said Wednesday it would open legal proceedings against Greece for its sloppy bookkeeping and underreporting its budget deficit by billions of euros between 1997 and 2003.
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ATHENS A day after Greece escaped censure by euro zone partners over figures it used to join the currency, Athens said Wednesday that the EU had granted the country an extra year, until 2006, to reduce its public deficit.
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Greece's government, angered by a U.S. decision to recognize the name of neighboring Macedonia, said Friday it would block its Balkan neighbor from joining NATO or the European Union unless the name dispute is resolved.
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SCHEVENINGEN, Netherlands - Before the 10 countries that joined the European Union this year can adopt the euro as their currency, they have to spell it correctly.    The new threat to euro-zone stability surfaced unexpectedly Saturday at a meeting of finance ministers from the 25 European Union countries...
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Greece fines mobile phone operator Vodafone Â£51m over its failure to guard its network against phone snoopers.
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Greece said the government will spend 7.2 billion euros ($9.3 billion) on the Athens Olympics, 56 percent more than the initial budget, as construction delays and security for the first Summer Games since the Sept.
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The European Union&#39;s top monetary official said Tuesday he was concerned over Italian budget deficit figures, only a week after Greece was challenged over alleged sloppy bookkeeping and possible underreporting of its deficit to present a rosy economic
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Greece said on Wednesday it would not cede even slightly its sovereignty to Turkey, after accusing Ankara of almost daily violations of its air and maritime space in the past few days.
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LONDON  - The euro wavered after failing to pierce the symbolic 1.30-dollar threshold, as eurozone officials expressed disquiet at the currency&#39;s rise to record highs against the greenback.
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ATHENS Greece has confessed to having been in breach of European Union budget deficit rules since 2000, leading to suggestions that it may not have been entitled to join the common currency after all.
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Greek Finance Minister George Alogoskoufis said Europe alone can&#39;t halt the euro&#39;s rise and the US and Japan would have to pitch in to buy dollars to end the decline of the American currency.
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BRUSSELS, Belgium -- The European Union&#39;s executive commission said Wednesday it would open legal proceedings against Greece for its sloppy bookkeeping and underreporting its budget deficit by billions of euros between 1997 and 2003.
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Greenback weakness sends Euro to a new record and across a psychologically significant barrier.