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  • Greece Teeters as Default Worries Grow

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

    The odds of Greece defaulting on its sovereign debt within the next five years stood at 98% on Tuesday, as additional measures taken by its government failed to reassure investors and the cost of insuring the obligations climbed again.

  • Greece Sees Second Rescue as Euro Bond

    By Marlene Y. Satter, AdvisorOne  |  July 27, 2011

    Greece's Prime Minister George Papandreou said that the bond repurchase measure in the country's second bailout amounted to a joint euro zone bond in what he called a move beyond a monetary union for the group of 17 nations sharing a single currency.

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