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Moody’s Upgrades Greek Credit Rating

Moody's Investors Service has today upgraded Greece's government bond rating to Caa3 from C. The outlook on the rating is now stable. The short...

Samaras Woos China For Partnerships

Greek Prime Minister Antonis Samaras' five-day trip to China is quickly paying dividends with burgeoning deals and closer relations and he used it...

Greek and European Crisis: The Key Milestones

From the first Greek bailout until the upcoming EU summit, there were some important touchpoints for the protracted governmental debt crisis in Europe's 17-nation euro...

Greece Rules Out Need for Third Bailout

ATHENS – With $325 billion coming in two bailouts from international lenders, Greece will not need a third bailout despite its still sliding economy,...

Moody's Cuts Cyprus Rating Over Greek Crisis

Moody's ratings agency has lowered its ratings on Cyprus's government debt to junk status because of the impact of the crisis in neighbouring Greece...

ISDA Declares Credit Event in Greece; Default is Official

The International Swaps and Derivatives Association (ISDA) has decided unanimously today to declare that Greek's bond swap constitutes a "credit event" and that "the...

ASE: The GI Falls at 750 Units

Athens Stock Exchange recorded “heavy” looses today, while Fitch Ratings has downgraded Greece΄s credit rating to C from CCC Wednesday after confirmation of the...

Chryssochoidis: Deficit to Exceed Target in 2011

Debt-crippled Greece's budget deficit is expected to hit 9.6 percent of economic output in 2011, about half a percentage point above target, the development...

Wall St. Can't Escape Risks from Euro Crisis

No matter how much Wall Street cuts its ties to Europe, it can't seem to eliminate the risk that the euro-zone crisis could engulf the U.S. financial system[...]