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By Marlene Y. Satter, AdvisorOne |
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, 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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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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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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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.”