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U.S. Warns Against World Economy Effects of Potential Greek Default
The United States through Treasury Secretary Jack Lew warned on Friday of a possible negative effect for the world economy if Greece and its...
ECB Report: 'Default Risk Has Increased Sharply in Greece'
Euro area systemic stress has remained low over the past six months, but the risk for a Greek default has increased sharply, according to...
Foreign Travel Agencies Add Greek Default Clause in Contracts
Fears that Greece’s negotiation with its creditors will not be fruitful have impacted the country’s political and economic sector, but also tourism.
Foreign travel agencies have already...
IMF Says ‘Progress’ with Greece, But Document Leaks 'Default' Scenario
As Greece is running out of cash and the talks with its European and IMF creditors on additional financial aid have been deadlocked on the...
ECB Chief: Greek Default Could Lead World Economy to 'Uncharted Waters'
International creditors urged Greece on Sunday to present a plan to avoid default that could lead global economy to "uncharted waters."
European Central Bank (ECB)...
Draghi Dismisses Talk of a Greek Default
European Central Bank (ECB) President Mario Draghi dismissed fears of a possible Greek default. Asked about a Greek default during a regular news conference in Frankfurt...
Germany Declines Plan to Keep Greece in Eurozone After Default
The German government declined on Wednesday a report saying that Berlin is formulating a plan to keep Greece in the Eurozone even if it...
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...
Financial Times: Greece Has Scraped Enough Cash for April But Default Looms in May
Athens may have scraped enough cash to pay its dues in April but it may run out of funds in May and end up...
Juncker-Schulz Warn Greece Not to Default
European Commission President Jean-Claude Juncker and European Parliament President Martin Schulz sounded the alarm for the devastating consequences if Greece defaults on payments to...