eurozone

• Greek Bond Swap to Cost Creditors 21%

  By Marlene Y. Satter, AdvisorOne  |  July 26, 2011

  Swaps of existing Greek bonds for new ones with longer maturity dates will cost private bondholders 21%, according to Greece's deputy finance minister, who said Tuesday that exchanges for the new debt instruments would begin in August.

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  Europe’s Market Euphoria Over Greek Rescue Turns Sour

  By Gil Weinreich, AdvisorOne  |  July 25, 2011

  European markets gave back gains made on initial euphoria over last week’s Greek rescue plan, with the bond market in particular voting no confidence.

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  Moody's Downgrades Greece, Says Default Almost Inevitable

  By Marlene Y. Satter, AdvisorOne  |  July 25, 2011

  Moody's pushed Greece down to a single notch above default at Ca on Monday after the deal put together to rescue Athens from its debt woes proved unacceptable to the ratings agency.

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  Krugman: Europe’s Greek Debt Deal Will Kill Recovery

  By Gil Weinreich, AdvisorOne  |  July 22, 2011

  The Times' Paul Krugman on the Greek rescue: “The Serious People are determined to destroy all the advanced economies in the name of prudence.”

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  EU Calls Emergency Meeting Over Italy Debt

  By Marlene Y. Satter, AdvisorOne  |  July 11, 2011

  Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.