PSI

After earlier imposing 74 percent losses on banks and investors – and nearly wiping out its own banking industry in the process – Greece will probably give its bondholders another so-called “haircut,” including those who refused to participate before,...

ATHENS – After stiffing private investors for 74 percent losses earlier this year on their holdings in Greek bonds, Greece may also give a so-called “haircut” of 30 percent losses to the European Central Bank (ECB) and the 16...

ATHENS – Inspectors for international lenders providing Greece with critical money lifelines were to arrive on July 3, but negotiations with officials of the country’s new coalition government on whether changes will be allowed to bailout deals have been...

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international lenders to reduce its debt, the country’s four largest banks have been given 18 billion...

ATHENS – New Democracy head Antonis Samaras, whose party finished first in the May 6 general elections but with less than 19 percent of the vote, said after less than a day of trying that he can’t form a...

ATHENS – After a three-week campaign that was mostly conducted in closed-doors members-only rallies and away from a public furious over austerity measures, a mix of mainstream traditionalists, anti-capitalists, anti-bailout groups, Nazis, nationalists and even a porno star made...

ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks because of the economic crisis that has created a deep recession and has threatened to...

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...

Despite two bailouts totaling $325 billion, a $134 billion write-down in debt, crushing pay cuts, tax hikes, slashed pensions, the coming firing of 150,000 workers, reducing the minimum wage 22-32 percent, phasing out collective bargaining rights for workers and...

Greece Friday extended to April 4 a deadline for its creditors to swap 8.1 billion euros in debt as part of a historic bond exchange which has already erased nearly a third of its debt mountain. Holders of Greek debt...