Greek default

A default wouldn’t help Greece and is not an option to end the country’s debt crisis, German Deputy Finance Minister Steffen Kampeter said, calling on the government in Athens to deliver on budget cuts. “Nobody gets any profit” out of...

Τhe impact of a Greek default on American banks is negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises...

Billionaire investor George Soros said a default of Greece may not have to result in an exit of the country from the euro area. “Greece may pose a problem if it in fact defaults but defaulting by itself doesn’t necessarily...

A series of German reports are predicting with great certainty the ominous future of debt-riddled Greece. According to most newspapers of wide circulation in Germany, the default scenario threatening the country is about to be realized, and a positive...

Bill Gross, PIMCO founder and co-chief investment officer, stated that Greece is heading for default. The downgrade of European ratings by Standard & Poor’s last week shows countries can fail to meet their debt obligations, Gross said in a...

Some Greek banks may have to be nationalized after the application of the agreed 50% write down in nominal value of Greek bonds held by the private sector, as part of new euro-zone package for the country, Greek prime...

Given the poor finances of Greece, Danish extreme right-wing MP and Member of the European Parliament, Morten Messerschmidt has asked for the island of Kos as a mortgage on behalf of Greece in order for the latter to receive...

A group of 16 prominent German economics professors has signed a declaration urging the German government to take into consideration the possibility of a default by a euro-zone country such as Greece, Frankfurter Allgemeine Zeitung reports in an article...

Greece is falling into a deeper dismay after more and more of its Eurozone partners are expressing their certainty over the former’s sovereign default. After the revelation of Germany having a “Plan B” in case of Greece’s default, the representative...

According to an article in the Financial Times, the second economic support package will be a waste of money due to the very small participation of individuals and the conflict between Finland and other members of the Eurozone...