Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days. Athens needs a deal quickly to avert a chaotic default when a major bond redemption … read full...
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Posts Tagged ‘ Greece ’
Greece, IIF Reach Board Agreement on Bonds, FT Deutschland Says- Rumor
When we predicted on Thursday that the most recent record number of EUR shorts would take the EURUSD over 1.30 on Friday following a spurious rumor that the IIF and Greece had reached a deal, it turns out we were one work day off. As it happens, the EURUSD has just taken out 1.3000...
Greece, IIF forge initial accord on swap terms Proto Thema
Proto Thema Greek newspaper. Apparently the parties agreed that new bonds to replace existing Greek debt would be of a 30 year maturity and carry a coupon beginning at 3.1%, reach 3.9% and go as high as 4.75% read full news Published: Fri, 20 Jan 2012 20:49
Greece, creditors strive to avoid costly default
Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country’s debt and stave off default. International private sector creditors represented by the Institute of International Finance IIF.L were set to meet the government … read full news Published: Wed, 18...
Jefferies Statement on Sovereign Debt of Portugal, Italy, Ireland, Greece, and Spain
In response to information published today, Jefferies clarified information relating to its sovereign-debt positions and its interest-income expense. To be clear, as of August 31, 2011, Jefferies had no meaningful net exposure to European sovereign debt. Recent reports and calculations appear to … read full news Published: Thu, 03 Nov 2011 23:49
EU raises stakes in fight against crisis, setting out plans for banks, Greece, bailout fund
The European Union hopes to push its member states to take firmer action on the debt crisis when it presents Wednesday a broad new plan to fight market turmoil, from strengthening weak banks to lowering Greeces debt burden. The plan is the boldest attempt yet to stem the crisis, which has linked… read full...
Greece, troika meet to wrap up talks: source
EU, IMF and ECB mission chiefs meet Greek Finance Minister Evangelos Venizelos on Monday morning with the intention of concluding talks on a key aid tranche, a source close to the negotiations said. “We are working on the assumption that meetings will wrap up today,” the source close to the talk… read full news...
Greece, EU/IMF at odds over deficit; pause talks
Talks between Greece and international inspectors on whether it has met conditions for a new aid tranche have been put on hold, officials said on Friday, after disagreements over why and by how much its deficit cuts program has fallen behind schedule. The pause in discussions — a clear sign of… read full news...
Greece, EU/IMF pause talks; to resume in 10 days
Talks between Greece and EU/IMF/ECB inspectors on whether it has met conditions for a new aid tranche have been put on hold, a Greek official said on Friday, a day after Athens admitted it would miss its budget deficit targets this year. The talks will resume in 10 days, the official from the fin…...
Cracks Beneath: China, Greece, US and Derivatives
Greece has a population of just over 11 million people. Compare that to the New York City metropolitan area population estimated at 18.9 million. It may seem strange that Greeces travails might greatly affect the global economy, but the potential repercussions from a Greek default become more… read full news Published: Wed, 29 Jun...