Greek Haircut

In a Bloomberg survey conducted from August 7 to August 14, 92% of 42 European economists argued that Greece should receive some kind of relief on its debt. With the 86-billion-euro Greek bailout deal officially approved from both Greece and its creditors, the...

Germany insists on its refusal to write off part of Greece's debt, despite the fact that the International Monetary Fund (IMF) claims the debt is unsustainable. German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble say that they would give...

German Finance Minister Wolfgang Schaeuble admitted that the austerity package approval by the Greek Parliament is an important step that would lead to further negotiations. He stressed that the new bailout deal will be even tougher than before, while he...

German Finance Minister Wolfgang Schaeuble endorsed a fundamental claim and at the same time dismissed a primary goal of the Greek government, during a Bundesbank conference in Frankfurt on Thursday. Schaeuble accepted that the International Monetary Fund (IMF) is probably right in...

Greek Finance Minister Yanis Varoufakis and Hellenic Bank Association President Louka Katseli have refuted a Financial Times report regarding a 30% haircut on Greek deposits. The report is “baseless” said the Hellenic Bank Association President, stating that she had also contacted...

Anyone reading coverage of last week’s Greek independence celebration at the White House cannot be faulted for thinking Greece is anything but a country on the brink. Breathless Twitter pics of cool kid John Stamos and celebrity FinMin Varoufakis...

France's Finance Minister Michel Sapin warned Athens against any attempt to play Paris off against Berlin over Greece's debt crisis, saying a Franco-German agreement is key to striking a deal that would help Greeks and ensure they meet their commitments,...

  The German Finance Minister Wolfgang Schaeuble, in an interview with Bild newspaper appeared negative on the possibility of a new haircut on the Greek debt. "We had a debt reduction in late 2011 - early 2012, and that's enough," said Schaeuble who...

German Chancellor Angela Merkel said she has not ruled out a so-called "haircut", or write-down, on Greek debt in the next few years, in an interview with a Sunday newspaper, marking an apparent softening in position. After being vehemently opposed...

Greece's international lenders are not currently discussing the possibility of another debt restructuring, or "haircut", for the country, the coordinator for the euro zone's finance ministers said today. The ministers will hold a conference call on Wednesday to discuss...