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Fitch Downgrades Greece To "B+", Rating Watch Negative

Fitch Ratings has downgraded Greece΄s long-term foreign and local currency Issuer Default Ratings (IDR) to "B+" from "BB+" and the Short-term IDR remains at...

Greece Will Continue Reforms, Downplays Arrest Of IMF Chief

Greece said Sunday it would continue implementing a joint European Union-International Monetary Fund reform program, saying that the arrest of IMF chief Dominique Strass-Kahn...

PM Says Privatisation is Top Priority

In Corriere Della Sera, Papandreou listed measures already taken to improve the country's public finances, including public sector cuts and economic liberalisation and said...

Greece will emerge from crisis: PM

Greece is reborn through difficulties and turning into a new country of pride, justice and development, said Greek Prime Minister George Papandreou Sunday in...

Debt to Equity Conversion: An Alternative Way for Greece

By Elias Karavolias and Aggelos Skutaris* Practically everyone in the international financial markets, nowadays, is familiar with the various proposed solutions, regarding the Greek national...

Angel Gurria: Greece Might Need More Time

Organization for Economic Cooperation and Development Secretary-General Angel Gurria said that Greece might need more time to pay back debts to bondholders, in a...

Rogoff: Debt Restructuring Inescapable For Greece

Harvard University professor Kenneth Rogoff (photo) said on Wednesday that Greece and Ireland will need to restructure their debts, and Spain and Portugal may...

UBS΄s Scenarios For Greece

UBS published a report on Friday commenting on the “Greek case” and providing an update on the fundamentals. UBS said that the outcome seems very...