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By Marlene Y. Satter |
December 22, 2011
Greece’s creditors are pushing back against an IMF drive to get them to accept larger losses on the country’s sovereign debt, with one Madrid-based hedge fund pulling out of the debt swap talks over the matter.
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By Marlene Y. Satter |
November 10, 2011
As both Italy and Greece fumbled with successor governments, worries over officials’ failure to find a solution to the debt crisis spread contagion to Italy, where bond yields broke records.
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By Joyce Hanson, AdvisorOne |
November 4, 2011
An encouraging U.S. jobs report was not enough to give the markets a lift on Friday as worries about Greece’s debt crisis continued to weigh on sentiment.
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By Marlene Y. Satter |
November 1, 2011
Not just leaders of the eurozone, but markets were stunned by the news; Greek prime minister did not notify policymakers before the announcement.
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By Marlene Y. Satter |
October 27, 2011
The deal brokered by the euro zone nations to save Greece from default has opened a window of opportunity for Ireland in which Dublin may seek relief for its own wounded economy.
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By Marlene Y. Satter |
October 27, 2011
The solution entails a 50% write-down of Greek debt by banks, a boost in the euro zone’s rescue fund to $1.4 trillion and a substantial recapitalization of banks.
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By Joyce Hanson, AdvisorOne |
September 30, 2011
Blame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.
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By Marlene Y. Satter |
September 9, 2011
Banks and insurers, who were supposed to declare Friday whether they would join the bond exchange that was a condition of a second bailout for Greece, were slow to declare themselves, and a shortfall was feared at midday.
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By Marlene Y. Satter |
September 2, 2011
The Greeks and bailout officials also cannot agree on the amount by which Greece has failed to meet its targets, with Athens perhaps predictably citing a lower figure than the international representatives.
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By Marlene Y. Satter |
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.
