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By Marlene Y. Satter, AdvisorOne |
March 9, 2012
Greek Finance Minister Evangelos Venizelos was quoted saying, “The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation.”
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By Marlene Y. Satter, AdvisorOne |
March 8, 2012
Enough holders of Greek sovereign debt have now signed on to the debt swap deal that is a prerequisite for a second bailout that success seems likely. However, there is still a chance that collective action clauses may be triggered.
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By Gil Weinreich, AdvisorOne |
March 6, 2012
Investors who would drool at the chance to turn a $1,000 investment into $10,000 in just a year are likely in no better position than the Greek mythological figure Tantalus unable to grasp the low-hanging fruit just out of his reach.
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By Marlene Y. Satter, AdvisorOne |
February 17, 2012
Germany's get-tough attitude toward Greece, echoed by Austria, Finland and the Netherlands, has angered Greek officials who say they have done everything they were asked to do in order to be granted a second bailout by the troika of the European Union, International Monetary Fund and European Central Bank.
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By Marlene Y. Satter, AdvisorOne |
February 2, 2012
Any concessions the European Central Bank may choose to make on Greece’s sovereign debt are likely to remain unknown until Athens comes to some sort of agreement with its private debt holders.
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By Pallavi Gogoi, AP Business Writer |
January 17, 2012
At Citigroup, loans improved, but sales and profits–including those from its Morgan Stanley Smith Barney joint venture–declined year over year.
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By Marlene Y. Satter, AdvisorOne |
January 12, 2012
London- and New York-based hedge funds are among those that hold Greek bonds and are resisting haircuts advocated by the Greek government to help the country avoid default.
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By Marlene Y. Satter, AdvisorOne |
December 27, 2011
Austerity measures have hit hard in the eurozone nations struggling under the burden of huge debts.
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By Gil Weinreich, AdvisorOne |
November 2, 2011
The report's authors cite Dutch banking giant ING Groep’s pending sale of its U.S. banking franchise ING Direct to McLean, Va.-based Capital One Financial Corp as a paradigm for such asset sales, since European regulators forced ING to restructure.
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By Marlene Y. Satter, AdvisorOne |
October 20, 2011
Dissension over Greece's second bailout is dividing the bodies that make up the troika, the so-called joint commission of the International Monetary Fund, the European Union and the European Central Bank.