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Greek debt

Cutting Greek Debt Must be Voluntary: Greek Official

Any solution for further reducing Greece's debt burden must be voluntary, a Greek government official said on Sunday following a meeting of EU leaders to try to find a solution to the region's debt crisis. Private sector holders of Greek...

Europe Must 'Act Decisively', Says Papandreou

Prime Minister George Papandreou on Sunday stepped into a crunch EU debt crisis summit urging Europe to "act decisively and effectively" to contain troubles threatening the continent and beyond. "It's been proven now that the crisis is not a Greek...

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...

Die Welt: Sunday EU Summit Could Still be Postponed

According to the German daily newspaper Die Welt, the German government has not ruled out the possibility of postponing the EU summit planned for this Sunday. The summit had already been postponed from 17 October, while the EU, IMF and ECB...

Greece Needs 50 pct Haircut for Debt to Fall to 120 pct by End-2020 -Troika

Greek debt can be brought down to near 120 percent of gross domestic product by the end of 2020 if private investors forgive 50 percent of what Athens owes them, a report by international inspectors on Greek debt sustainability...

Troika Says Greek Debt Not Sustainable‎

A massive restructuring of Greek debt, that will mean a deeper cut for private-sector investors, looks a lot more likely after the so-called troika of international inspectors in its latest report on Greek economic reforms concluded that Athens' public-sector...

Despite Debt Crisis Greece Excels in Art

While Greece is further reaching a financial dead end, its art is steadily gaining ground, points out an extensive New York Times article on Greek art. The Greek debt crisis has unexpectedly boosted artistic expression all over Greece and especially...

Trichet: If Greece Defaults, ECB will Not Accept Government Bonds

During his interview with the Financial Times yesterday, the departing Head of the ECB Jean Claude Trichet made clear that if Greece is pushed into default, then the ECB will no longer be able to accept its government's bonds...

Telephone Conversation Between Papandreou and Barosso

PM George Papandreou contacted the President of the European Commission Jose Manuel Barosso via telephone earlier in the afternoon to inform him of the latest developments and news concerning the Greek debt in view of the coming EU Summit. Mr....

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...