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GREEK DEBT DEFAULT
Euro crisis: Who'll pay the milkman when Greece runs out of cash?Greece has to come up with about 4-bn euros by the end of May for debt payments. Then there's the 1.5-bn euro monthly tab for salaries and ...
Eight possible scenarios if Greece defaults and leaves the EurozoneLiving standards in Greece could fall, banks will face the prospect of collapse, savings may be frozen, businesses could go bankrupt and mo...
Greece will be saved if it stops lending to its elitesAnd if true economic reform cannot be delivered, then a euro- area exit remains the only other available option.
ISDA classifies Greek swap deal a 'credit event'A threat of new financial crisis looms after the ISDA classified the debt swap deal between the Greek govt and private sector lenders as a ...
- Euro zone finance ministers call off meet over Greece bailout
The euro zone finance ministers have called off an emergency meeting in Brussels today, which was intended to approve a $170 billion financ...
- European rescue effort seeks orderly Greek default and containment
The latest bailout effort involves a 50% write-down of Greek debt held in private hands and a further expansion of the effective firepower ...
Greek debt default can be less scary than what world thinks: Jamie Dimon, CEO & Chairman, JP MorganEurope will find a way out, America will grow and an orderly default of Greece can be less scary than what the world thinks, says a confide...
- Greece on edge of biggest sovereign default 24 centuries after first insolvency
But no Apollo in sight this time to rescue the country from $483-billion debt and stop contagion in other economies.
- Eurozone debt crisis: Greece may default, says Dutch central bank chief
The comments are unusual because they come from a member of ECB's governing council. The bank has insisted Greece must stick to its bailout...
Eurozone debt crisis: The grim drama via its star cast and their rolesBond traders are the biggest stars. Post the 2008 financial crisis traders bashed down sovereign debt of Greece and Ireland.
- No consensus on bondholder role in Greek rescue
European finance chiefs are divided on how to involve private investors in a second bailout for Greece and stave off the euro area's first ...
- Greece world's lowest-rated country: S&P
S&P warned that any attempt to restructure Greece's debt would be considered a default. Pressure on finance ministers to craft rescue plan ...
- ECB rejects Greek debt revamp in policy clash
European Central Bank officials ruled out a Greek debt restructuring, clashing with political leaders over a solution to the sovereign fina...
- Greek debt crisis is no Argentina rerun: bank report
Greece's debt woes which have raised fears of bankruptcy bear key differences to Argentina's 2001 financial collapse which many analysts ex...
- Europe tries to douse debt crisis
European leaders sought Friday to convince fearful markets that the Greek debt crisis won't spread to other countries and derail the contin...
- Greece bondholders may lose $265 bn: S&P
Holders of Greek bonds may lose as much as $265 billion should the government default, according to Standard & Poor’s.
- Greece may restructure debt: Goldman Sachs
Greece might voluntarily renegotiate its massive debt before it grows even bigger next year, a top Goldman Sachs economist said. Top gainer...