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By Marlene Y. Satter, AdvisorOne |
August 3, 2011
Italy looked to the euro zone for political help on Wednesday as its bonds were hammered in the midst of a huge selloff.
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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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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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By Marlene Y. Satter, AdvisorOne |
July 11, 2011
Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.
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By Marlene Y. Satter, AdvisorOne |
July 4, 2011
Standard & Poor's on Monday warned that if the French plan to roll over Greek debt is adopted it would probably lead to a "selective default" rating because it would lead to losses for bondholders.
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By Marlene Y. Satter, AdvisorOne |
May 18, 2011
According to an IMF envoy monitoring Greece’s progress in implementing reforms to drive down its debt, those reforms aren’t coming fast enough and that could have dire consequences for Athens.
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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...
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By Marlene Y. Satter, AdvisorOne |
May 9, 2011
The European Union is considering lowering the interest rates on bailout loans for both Greece and Ireland, and is also putting together a second rescue package for Greece in an effort to stave off debt restructuring.
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By Marlene Y. Satter, AdvisorOne |
January 2, 2011
Greece’s Prime Minister George Papandreou said Friday that, despite Germany’s opposition to the proposal, Athens was still seeking support for common euro zone bonds.
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By Marlene Y. Satter, AdvisorOne |
December 16, 2010
After some public sparring matches among EU leaders over the best ways to tackle the debt crisis, those leaders claimed to have resolved their disagreements before their summit.