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Flattened German Investors to Sue Greece

Anger is mounting in Germany as private investors claim they have been forced into a fraudulent scheme after being advised to buy Greek sovereign bonds. The investment turned out to be unsafe after the latest move to save the...

20.2 bln Euros of Foreign Law, SOE Bonds to be Included in Swap Deal

Greece said Thursday a further EUR20.2 billion of Greek government bonds will be swapped over as part of its debt restructuring plan and that a deadline to the second leg of the agreement has been extended to April 20. According...

Greek CDS Auction Initial Market Midpoint Set at 21.75

The first phase of an auction to settle credit default contracts underwritten on Greek sovereign debt determined an Initial Market Midpoint of 21.75, Creditex, according to Dow Jones citing Markit. This value is the result of the initial bidding process...

Papandreou Meeting EU's Barroso In Brussels Saturday Evening -PM Office

Prime Minister George Papandreou is scheduled to meet European Commission President Jose Manuel Barroso later Saturday ahead of an E.U. leaders summit Sunday, a spokesman from his office in Athens said. European finance ministers and leaders are holding a series...