Greek debt

In an interview in To Vima's Sunday edition, Clemens Fuest (adviser to Germany's finance minister Wolfgang Schaeuble), who is also an academic, said the Greek debt haircut should be higher than the agreed 50 percent to help Greece repay...

The Institute of International Finance said Tuesday that progress has been made in recent days on a voluntary exchange of Greek debt, CNBC's Michelle Caruso-Cabrera reported. The IIF also said it is essential that an agreement be reached in "the...

The International Monetary Fund recently told the Greek government that a worsening economic outlook suggests the beleaguered nation may be unable to reduce its debt to sustainable levels even with a planned 50% write down in privately-held Greek government...

Greece was holding tightrope talks on Monday with its creditors and debt holders on details of a new eurozone bailout to enable the country to repay debt. Greek Finance Minister Evangelos Venizelos was meeting senior auditors from the eurozone, the...

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...

An agreement between the Greek government and private bond holders will likely cause a selective default on Greek sovereign debt, the managing director of the Institute Of International Finance said Friday. "We are not worried about a selective default, which...

According to Reuters, Greece is relying on Iranian oil to cover most of its energy needs “as traders pull the plug on supplies and banks refuse to provide financing for fear that Athens will default on its debt”. Despite Washington...

Deutsche Bank CEO Josef Ackermann said on Sunday, November 6, that a Greek exit from the Eurozone should not even be considered as a possible future scenario if European leaders wish to prevent contagion of the Greek debt crisis...

The Greek government needs to overcome 6 basic obstacles in order to obtain the 6th bailout installment as imposed by the new Memorandum of Understanding voted on the 26th of October. In an extremely tense situation, the Greek government must...

George Soros has said that he thinks the Eurozone deal will only last a short time, from one day to three months. Soros makes a number of telling points. The first being that for all the talk of the “50%...