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Strategic Defaulters Owe €10 Bln to Greek Banks
One in five (21%) of nonperforming loans in Greek banks’ portfolios, amounting to 10 billion euros, belong to borrowers who are able to repay...
'Restricted Default' for Greek Banks: Fitch Ratings
Fitch Ratings downgraded Greek banks to "restricted default" Monday, a day after the Greek government imposed capital controls that include limits on deposit withdrawals...
Emergency Eurogroup on Monday to Discuss Greek Debt as Default Approaches
An emergency Eurogroup session will be held on Monday before the Eurozone summit scheduled that day in order to discuss the critical Greek issue...
Greek Gov't Denies Scenarios of New Elections and Voluntary Default
The Greek government denies the scenario of snap elections and allegations that it is seeking a rift with creditors in order to voluntarily default.
The...
Greek $5 Billion Bond Sale Holds Off Default – For Now
Facing a deadline this month to pay a $3.82 billion loan payment or risk defaulting, Greece has again managed to escape, by selling $5...
Bild: Defaulted Greeks Rile Against Germany
The online edition of the German newspaper Bild commented on the defaulted-Greeks riling against Germany in view of the upcoming Euro 2012 game between...
Greek Economy Still Floundering, But Out Of Default
ATHENS – Greece may still be broke, but it’s not in technical default anymore. The ratings agency Standard & Poor’s raised the country’s credit...
S&P Downgrades Greek Debt to 'Selective Default'
Ratings firm Standard & Poor's on Monday declared Greece in "selective default" after banks agreed to write off more than half of their Greek...
Greek Analyst on BBC News: “Greece Has Now Officially Defaulted”
Economist Yiannis Varoufakis from the University of Athens appeared Tuesday on BBC News to comment on the Greek debt situation and the recent signing...
Daily Mail Reports: Book a Greek Holiday as Soon as Greece Defaults
Irish Daily Mail reporter Mary Ellen Synon wrote a caustic article on the Greek debt situation, noting that by the time Greece declares default,...