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Reuters
| 1 year ago
Topics Greece's Prime Minister Lucas Papademos (L) talks with Finance Minister Evangelos Venizelos before a cabinet meeting at the parliament in Athens March 9, 2012. Greek Finance Minister Evangelos Venizelos will run unopposed for the leadership of...
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Guardian Unlimited
| 1 year ago
Greek main opposition party leader, Antonis Samaras, has criticised his country's second bailout package, and hinted at an early general election. Photograph: Louisa Gouliamaki/AFP/Getty Images The opening shots in Greece 's next general election...
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Times of Oman
| 1 year ago
After the success of a debt cut plan which paves the way for a 130-billion euro ($170.55 billion) international bailout, attention in Athens is shifting to politics and on how to kick-start debt-laden Greece's stricken economy, officials said...
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Turks and Caicos Free Press
| 1 year ago
Saturday, as the focus in Athens shifted to elections expected once an international bailout deal is cleared. Greece averted the immediate threat of an uncontrolled default on Thursday when it successfully concluded a bond swap deal under which...
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Turks and Caicos Free Press
| 1 year ago
Greece hopes to get 1 billion euros ($1.31 billion) in financing from the European Investment Bank (EIB) this year as a stimulus for its ailing economy, a senior official said on Saturday. Greece and the European Commission are pushing the EIB, the...
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Daily News & Analysis
| 1 year ago
Greece will hold a parliamentary election on April 29 at the earliest and may not hold the vote until May, a government spokesperson said late on Friday, giving Prime Minister Lucas Papademos time to complete a debt deal to avert default. Greece's...
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The Olympia
| 1 year ago
The gains were tempered by news that a big debt writedown by Greece could cause big losses for some banks. The United States added 227,000 jobs in February as the nation has put together the strongest three months of job growth since the Great...
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Daily News & Analysis
| 1 year ago
European leaders claimed victory after Greece successfully completed a 206 billion (£172.3 billion) bond swap, even though it triggered the default they were desperate to avoid...The credit default swap (CDS) market is opaque but analysts estimate...
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Channel NewsAsia
| 1 year ago
Greece took a critical step Friday towards avoiding bankruptcy with a world-record debt write-off deal crucial for the country's second massive bailout from the IMF and the European Union. Athens announced that a large majority of the country's...
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The Age
| 1 year ago
Story continues below But experts did not expect the ruling to provoke the sort of market panic that followed a similar ruling after the 2008 crash of the US investment bank Lehman Brothers. Under the debt-swap deal, 85.8 per cent of private...
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Merced Sun-Star
| 1 year ago
The United States added 227,000 jobs in February in the latest sign of the economic recovery's surprising breadth. The country has put together the strongest three months of pure job growth since the Great Recession...It was the first time in six...
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Reuters
| 1 year ago
Analysis & Opinion Greece's Prime Minister Lucas Papademos (L) talks with Finance Minister Evangelos Venizelos before a cabinet meeting at the parliament in Athens March 9, 2012. Greece triggered the payment on default insurance contracts by using...
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The Guardian
| 1 year ago
Alexandros Beltes/EPA 18 October 2009 George Papandreou 's new socialist government reveals a black hole in government accounts. He admits the budget deficit will be double the previous government's estimate and will hit 12% of GDP. December 2009...
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Asian Wall Street Journal
| 1 year ago
Asian trading Friday following an announcement that 85.8% of Greece's private sector creditors will participate in a massive debt swap deal, below the 90% threshold that would have spared reluctant creditors from being forced to take part. Greek...
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The Economic Times
| 1 year ago
Greece on Friday said nearly 84 per cent of its private creditors had joined in a landmark debt swap to avoid default, a majority that enables it to force holdouts to also accept huge losses to their holdings. The Greek finance ministry said the...
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The News Tribune
| 1 year ago
Greece's race to slice $140 billion off its national debt entered the final stretch Thursday, with markets confident enough investors will accept to write down more than half of the value of their Greek bond holdings. If too few investors agree and...
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MarketWatch
| 1 year ago
Greece's government announced Friday that 85.5% of bondholders have agreed to its bond-swap offer, and it will now activate collective action clauses for the rest, in a deal that is expected to help the country meet its debt obligations and avoid a...
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News 24
| 1 year ago
18 The cabinet has approved a new catchphrase for Brand South Africa to promote the country abroad. Mar 08 2012 22:00 The impending court ruling on the state's appeal against Walmart's R18bn Massmart deal will be a litmus test for SA's reputation...
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The Globe & Mail
| 1 year ago
A European Union flag is seen in front of the Parthenon temple in Athens...In a statement following closure of the offer late on Thursday, the finance ministry said 172-billion in total had been tendered for the deal, which will force investors to...
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Australian Broadcasting Corporation
| 1 year ago
In a statement, the finance ministry said a total of 172 billion euros ($214 billion) had been secured, in the largest sovereign debt restructuring in history. The finance ministry said that 85.8 per cent of Greece's private creditors had accepted...
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Guardian Unlimited
| 1 year ago
Finance minister Evangelos Venizelos paid tribute to Greece's bondholders this morning, as he announced the results of the swap. In a statement, Venizelos said: On behalf of the Republic, I wish to express my appreciation to all of our creditors who...
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United Press International
| 1 year ago
About 80 percent of Greece's private creditors agreed to cash in their bonds for new ones with less than half the face value, a senior government official said. The overwhelming approval, reported to The Wall Street Journal, means Greece will go...
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Russia Today
| 1 year ago
The overwhelming majority of private investors in Greek debt have agreed to the landmark bond swap deal needed to avert a disastrous default and to secure a second bailout package from the EU and the IMF. Several senior officials have reported that...
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Taiwan News
| 1 year ago
Bloomberg , Taiwan News, Newspaper 2012-03-09 10:38 AM Investors with about 60 percent of the Greek bonds eligible for the nation's debt swap have so far indicated they'll participate, putting the country on the verge of the biggest sovereign...
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Asian Wall Street Journal
| 1 year ago
Just over 80% of Greece's private-sector creditors had agreed by a Thursday evening deadline to turn in their bonds for new ones with less than half the face value, touching off a massive debt swap that marks a seminal moment in Europe's long-...
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International Business Times
| 1 year ago
Articles One official, speaking on condition of anonymity, said take-up of bonds regulated by Greek law, the most significant part of the overall debt, was around 95 percent. The official said the figure referred to the voluntary take-up of the offer,...
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The Independent
| 1 year ago
News in pictures On Facebook Suggested Topics Beleaguered Greece finally looked set to stave off a catastrophic default last night after sealing an 11th-hour deal with banks and hedge funds to slash its huge debt burden. Athens' latest 130bn (£109bn)...
