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Reuters: Greek Debt Restructuring isn't Expected Soon

Reuters claims that Athens is not expected to ask for debt restructuring any time soon, according to an analysis. Greece will never be able to repay...

Greek Parliament Passes Austerity Budget Amid Protests

Greek lawmakers approved the 2011 budget in the early hours of Thursday amid ongoing strikes and protests by labor unions over painful austerity measures...

Greek Banks Underweighted By Merrill Lynch

Merrill Lynch adopts a more cautious approach by underweighting Greek banks in its analysis published on Tuesday. It also prices a 38-62% probability of...

Budget: Greece Gets Ready For More Austerity in 2011

Greek government Thursday tabled in the nation’s parliament its 2011 Budget that “continues agressive fiscal consolidation effort,” the Ministry of Finance said. The aim is...

Greek Fin Min: No Comment On Austria's Warnings On Aid

Greek Finance Minister George Papaconstantinou refused to comment Tuesday on reports that Austria might withhold its contribution to the country's E110 billion aid deal. "I...

Daily Telegraph: “Greece Needs Orderly Bankruptcy”

An orderly bankruptcy in the form that is usually engineered by the International Monetary Fund is exactly what Greece needs, as: “Greeks are being...

Greek Finance Minister; 2009 Deficit Above 15%

Greece's 2009 budget deficit will be more than 15% of GDP after revision. This was announced today by Greek Finance Minister Giorgio Papaconstantinou, quoted...

Greece to Pay All Medical Debts from 2005-September 2010

Greece will pay by the year's end all hospital debts accumulated with medical suppliers from 2005 up to last month.  The nation plans to keep closer...

Papandreou on Live News Conference Regarding Voting Fears

PM George Papandreou will participate in a live televised news conference on Monday.  The news confernce is in regards to a bid to address voters’ fears about the...

IMF Says Impact Of Greece’s “Data Revision” Will Not Be Substantial

The implications of the upwards revision of Greece’s budget data by Eurostat will not be substantial, an IMF spokesperson told Capital Still, the Fund points...