Eurogroup

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  EU Hints Greek Bondholders May Get Stung With Sharper Losses

  By Marlene Y. Satter, AdvisorOne  |  October 4, 2011

  Those institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europe’s ongoing debt crisis.

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  Euro Crisis Spreads as Italian, Spanish Debt Yields Pass 6%

  By Gil Weinreich, AdvisorOne  |  August 2, 2011

  The massive size of Italian and Spanish debt in comparison to that of Greece, Portugal and Ireland imparts global economic significance to Tuesday's bond market news.

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  Ireland Slashed to Junk; EU Considers Greek Default

  By Marlene Y. Satter, AdvisorOne  |  July 13, 2011

  Moody's downgraded Ireland's debt to junk status as the EU pondered options to deal with the crisis in Greece.

• Euro Zone Pledges Help for Greece, But Sets No Timetable

  By Marlene Y. Satter, AdvisorOne  |  July 12, 2011

  Euro zone ministers discuss ways to help Greece out of its debt crisis as fears mount of the spread of problems to Italy and Spain.

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  EU Says Greek Restructuring Possible

  By Marlene Y. Satter, AdvisorOne  |  May 17, 2011

  This was the first official acknowledgment that such an action might occur, and it was met with swift resistance from other euro zone officials. The effect on European banks and the European Central Bank (ECB), which all hold substantial amounts of Greek debt, would be huge. American banks also hold...

• Portugal Suffers Ratings Cuts, but Not Expected to Seek Bailout

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

  The same day that Portugal's prime minister resigned, Fitch on Thursday cut the nation’s credit rating by two notches, and S&P followed on Friday with a two-notch ratings cut.

• Portugal Said to Be Pressured to Take Bailout

  By Marlene Y. Satter, AdvisorOne  |  January 9, 2011

  A senior euro zone source was reported Sunday to say that France and Germany, as well as other euro zone nations, are pressuring Portugal to take a bailout, although Lisbon denies that such action is necessary.

• Euro Zone Ministers Take No Crisis or Budget Action

  By Marlene Y. Satter, AdvisorOne  |  December 7, 2010

  After five hours of talks, euro zone ministers decided to take no new action regarding the debt crisis, despite indications to the contrary earlier Monday.

• Ireland Steps Back From Brink as Bailout Expected

  By Marlene Y. Satter, AdvisorOne  |  November 18, 2010

  Ireland's situation, which had grown more tenuous as fears spread of default, eased on Thursday, as Patrick Honohan, Ireland's central bank governor, said he expected loans of "tens of billions" of euros.

• Ireland Teeters on Brink as Greek Deadline Nears

  By Marlene Y. Satter, AdvisorOne  |  November 17, 2010

  Ireland's situation grows more tenuous as fears spread of default, with Ireland still insisting it does not need outside assistance and the EU finance ministers agreeing Wednesday to prepare with the IMF for a bailout of the country.