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RESTRUCTURING OF GREEK DEBTS
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.
- 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...
- Goldman Sachs confirms Greek swap deals
Goldman Sachs defended currency swap deals it undertook with Greece nearly a decade ago to help the country bring down its debt burden foll...