Tag Archive | "debt"

Greece debt crisis: Athens clears one hurdle . . . and faces more

Greece debt crisis: Athens clears one hurdle . . . and faces more Even if the extension is approved in Athens and Berlin, none of the €7.2bn in bailout aid remaining in the programme will be distributed until Greece completes the existing requirements, which could be months. That poses an urgent problem: analysts … Full […]

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No feelgood victory for Germany in debt clash with Greece

Germany’s 7-1 drubbing of Brazil in the football World Cup last summer was uncomfortable to watch, even for jubilant Germans whose cheers turned to sheepish smiles as the goals piled up. Full News here – Latest News

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Lazard sees 100-billion-euro Greek debt cut as ‘reasonable’

Canceling 100 billion euros ($ 113 billion) of Greece’s debt would enable the country to cut the load in line with targets set by the international authorities that bailed out the nation, the country’s debt adviser, Lazard Ltd’s Matthieu Pigasse, said in a radio interview Tuesday. Full News here – Latest News

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Greece debt standoff: George Osborne urges Athens and Brussels to strike deal

Greece debt standoff: George Osborne urges Athens and Brussels to strike deal The current bailout programme officially expires on 28 February but it is widely hoped the deadline will be extended so the European Central Bank is allowed to continue providing funding for Greek banks. Athens wants a bridging deal to allow time for a […]

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What the ECB’s move on Greek government debt is really all about

In a press release that jolted the markets, the ECB announced that it will no longer accept Greek government debt as collateral starting next week. But this news is not necessarily a potential liquidity disaster for Greek banks. Full News here – Latest News

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RPT-Greek finmin says Athens must go "cold turkey" on debt

RPT-Greek finmin says Athens must go "cold turkey" on debt (Repeats to cover new alerts). PARIS Feb 1 (Reuters) – Greece's repayment of its existing debt must be tied to its ability to restore growth, Finance Minister Yanis Varoufakis said on Sunday after talks with his French counterpart in Paris. Varoufakis … Full News here […]

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Greek finance minister says Athens must go 'cold turkey' on debt

Greek finance minister says Athens must go 'cold turkey' on debt PARIS (Reuters) – Greece's repayment of its existing debt must be tied to its ability to restore growth, Finance Minister Yanis Varoufakis said on Sunday after talks with his French counterpart in Paris. Varoufakis also ruled out Greece taking on a new … Full […]

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1/27/2015: Front Page: EU will listen, but not write off debt

European officialsspoke in unison yesterday about their intention to cooperate and negotiate with the new government in Athens, but stressed that Greece has undertaken clear commitments, especially regarding the implementation of reforms. On the issue… Full News here – Kathimerini English

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State debt and interest payments fell in Q3

The Greek state debt declined by 2.2 billion euros in the third quarter of 2014 on an annual basis, amounting to 315.5 billion euros against 317.7 billion in the July-September 2013 period, data released by the Hellenic Statistical Authority (ELSTAT) show… … Full News here – Latest News

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1/19/2015: Front Page: Tsipras sees debt conference idea gathering support

SYRIZA leader Alexis Tsipras has seized on comments by Irish Finance Minister Michael Noonan as evidence that not just “progressive economists and the European Left” are coming round to his party’s argument that the European Union needs to hold a… Full News here – Kathimerini English

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No debt relief, no rolling back of reforms for Greece, says Finland’s Stubb

Finnish Prime Minister Alex Stubb is one of the 19 leaders in the eurozone that will be asked to sign a new agreement with Greece after the elections. In an interview with Kathimerini one week before Greeks go to the polls he makes it clear that Finland w… … Full News here – Latest News

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Tsipras sees debt conference idea gathering support

SYRIZA leader Alexis Tsipras has seized on comments by Irish Finance Minister Michael Noonan as evidence that not just “progressive economists and the European Left” are coming round to his party’s argument that the European Union needs to hold a meeting … … Full News here – Latest News

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1/2/2015: Front Page: SYRIZA suggests holding back on debt repayments

As the campaign for the January 25 elections gets under way, the government has accused SYRIZA of risking a Greek default after several opposition party officials suggested that a leftist administration might stop paying the country’s loan obligations… Full News here – Kathimerini English

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Convergence on debt sustainability

Greece is likely to enter a pre-election period after Monday’s third presidential vote in Parliament, with the leftist SYRIZA party leading in opinion polls, followed by conservative New Democracy. The sustainability of the public debt is expected to be a… … Full News here – Latest News

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What SYRIZA says about Greece’s economy, its debt and the euro

Led by Alexis Tsipras, Syriza is Greece’s biggest opposition party and has pledged to annul the country’s bailout agreement should it take power. An acronym for Coalition of the Radical Left, Syriza vows to renegotiate repayment terms on loans from euro m… … Full News here – Latest News

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