Greece
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Standard & Poor's

Despite New Bailout, Sacrifice, Greece Still on Edge of Default

ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed to pay debts, workers and pensioners – dissension and doubt remained and the ratings agency...

S&P: Greek Debt Not Sustainable With 70 Percent Haircut

Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard & Poor's warned on Wednesday, putting pressure on the official sector also to take losses. Private-sector...