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By Marlene Y. Satter, AdvisorOne |
February 24, 2012
Greece on Friday took the next step in a second bailout package after Parliament passed a law Thursday that requires all its bondholders to accept losses once a certain percentage of creditors have agreed.
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By Marlene Y. Satter, AdvisorOne |
February 13, 2012
As Athens burned, the Greek Parliament approved a new budget cuts aimed at getting international relief for its debt.
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By Janet Levaux, AdvisorOne |
July 26, 2011
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By Marlene Y. Satter, AdvisorOne |
June 27, 2011
Mohamed El-Erian, head of PIMCO, says that a restructuring of Greek debt is inevitable and that failure to address the country's problems correctly could contaminate the rest of Europe.
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By Marlene Y. Satter, AdvisorOne |
June 21, 2011
As Greece faces an unpopular vote on Tuesday over even more unpopular austerity measures, Fitch Ratings kept up the pressure by saying that it would regard a voluntary rollover of bond maturities as a default and cut the country's credit rating accordingly.