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Economy
Hellenic National Land Registry Defaults
Greece's national land registry has defaulted on its payments, despite memorandum policies requiring acceleration of the agency's survey of the country, due for completion by 2020.
The Greek government's announcements of recent months assured the project was speeding up, free from any past obstacles and bureaucracy, now appear...
Economy
Financial Times: "This could be the moment for Greece to default"
Although the return of Greece to the international bond market has been widely trumpeted as a success, the Financial Times wonders whether it is a good time for the country to default on its foreign debt. According to the paper, the...
Economy
Barroso Calls on Greece to Choose Between Austerity or Default
The general elections of May 6 in Greece are over and political controversy and turmoil seem to have settled on the everlasting problem of the Greek debt crisis.
With the Greek spreads rising, the political chart of Greece going through...
Economy
S&P Raises Greece's Rating Out of Default
Standard & Poor's raised Greece's credit rating out of default territory on Wednesday, as expected after Athens slashed its debt by about a third by completing the biggest sovereign debt restructuring in financial history.
But the firm kept Greece firmly...
Economy
New Greek PM Completes First Series of European Visits
Greek PM Lucas Papademos met with Eurogroup head Jean-Claude Juncker in Luxembourg Tuesday and ECB President Mario Draghi right afterwards in Frankfurt, ending a series of meetings with European leaders since last week.
On Monday November 14, Papademos met with...
Europe
Austrian FinMin Warns About Greek Default Domino Effect
According to Dow Jones News Agency, Austrian Finance Minister Maria Fekter said Thursday in a statement on the Austrian Finance Ministry's website that a Greek sovereign default would have a domino effect on all other European countries.
"It is about...
Economy
Japan Willing to Financially Aid Greece
Japan is willing to purchase more bonds from the EFSF in order to share the burden of the Greek debt, said Finance Minister Jun Azumi.
During a Press Conference in Tokyo, the Japan Minister said that if the Eurozone establishes...
Economy
Troika Expected Return to Greece on Wednesday
According to Reuters, a mission of inspectors from Greece's international lenders will probably return to Athens on Wednesday, a source close to the inspection team, also known as the "troika", said on Tuesday.
When asked if the troika mission chiefs...