EFSF
Economy
Ailing Greek Banks Will Get A Bailout Too – $62.8 Billion
ATHENS – Awaiting $172 billion in a second bailout to save its economy, Greece will also get more than $62.8 billion in loans from the European Financial Stability Facility (EFSF) to recapitalize its banks, which will take $39.25 billion...
Economy
After the Haircut, What Next for Greece?
The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]
Economy
Power Games Regarding Greek PSI and EFSF Role
The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the view that the policymakers’ threat of a haircut by 60% would happen without the willingness...
Economy
Troika Shocking Report on Greek Debt: Full Text
The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt.
Read the text of the report below:
Greece: Debt Sustainability Analysis
October 21, 2011
Since the fourth review, the situation in Greece has taken a...
Greece
With Slovak Vote, Eurozone Gets New Debt Crisis Weapon
Slovakia finally ratified the eurozone bailout fund on Thursday, removing a major obstacle to the single currency area's battle against a raging debt crisis set to deal a heavy toll on Europe's banks.
Slovakia became the last country in the...
Economy
Prime Minister: We Need To Build On July 21 Conclusions
George Papandreou said on Thursday that the comprehensive package would include issues such as the need for deeper economic cooperation, integration and governance, the strengthening of the EFSF and the strengthening of the European banking system.
“We need to ensure...
Economy
Slovakia Blocks Greek Rescue Fund
The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next month.
According to Reuters, Slovakia is the only country not to agree to grant the European...
Economy
EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet
Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German Chancellor Angela Merkel was due to meet French President Nicolas Sarkozy for talks in Berlin.
Sources...
Economy
Euro Zone Postpones Greek Loan
Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash.
It came after Greece said it would not meet this year's deficit cutting target, sending shares lower on Monday.
A meeting set for 13 October,...
Economy
Leading German Politician Calls for Greek Eurozone Exit
A top official from Chancellor Angela Merkel's Bavarian sister party called Sunday for debt-mired Greece to exit the eurozone, as Germany's leader fights to keep her government on message during the crisis.
"I think it is a solution, if you...