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GREEK DEBT RESTRUCTURING
Greece Finance Minister Yanis Varoufakis gives out reason for recommending "No" voteIn a blog post on Wednesday afternoon, finance minister Yanis Varoufakis wrote on why the government is recommending a "No" vote, in six sh...
70 per cent of Greek mortgages aren't being paidThe economy in Greece is so bad that Greeks have stopped paying their personal and consumer debts.
Larry Summers: Greece 'will probably become a failed state' without a dealBloomberg is calling this a "weekend of fear in Greece," reporting that terrified Greeks are trying to get their money out of the banking s...
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 ...
- Why Germany, not Greece should exit eurozone
All the debate about the pros and cons of a Greek exit from the euro area is missing the point: A German exit might be better for all conce...
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 ...
- Eurozone finance ministers release 35 billion euro for Greece
Euro zone finance ministers have released 35 billion euro from the second bailout package for debt-ridden Greece shortly.
- Greece readies record debt swap with 60% commitments
The euro and stocks gained on speculation Greece will reach its participation target by the deadline of 10 pm in Athens on Thursday.
- Bankers balk at EU push for bigger Greek losses, higher capital
Europe’s top bankers say getting investors to accept larger losses on Greek holdings difficult.
IMF may give next tranche of euro 12 bn to bail out GreeceThe latest news seems to suggest that the IMF will agree to release its next tranche of e12 billion by Sunday, at the earliest.
- Moody's may cut ratings of BNP Paribas & other big French banks
BNP Paribas, France's biggest bank, and rivals Societe Generale and Credit Agricole may have their credit ratings cut by Moody's Investors ...
- Inflation has further room to continue to climb in India: Xavier Denis, Societe Generale Private Banking
In an interview with ET Now, Xavier Denis, Global Economist and Strategist, Societe Generale Private Banking, talks about the US dollar and...
- 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...
- Greece accepts terms of EU-led bailout
We are all being called to make a choice. It is between fleshing out a very ambitious and difficult 3-year programme of fiscal consolidatio...
- Greek PM says more cuts needed for survival
Facing a dire choice of additional pain or bankruptcy, Greece on Friday heralded drastic new cuts and tax increases to win rescue loans fro...
- 'Rapid progress' on Greek bailout talks: EU
Talks on putting in place emergency aid for Greece are making "rapid progress," the European Commission said. Greece will never pay us back...
- 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...