Tag Archive | "debt"

Washington ready to play role of ‘honest broker’ in Greece debt talks, Athens says [Update]

Washington wishes to play the role of an “honest broker” in Greek government negotiations with the country’s foreign lenders so that Full News here – Latest News

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Bundesbank’s Weidmann says euro zone debt in ‘danger zone,’ opposes more aid for Greece

Debt in the euro zone has entered the “danger zone,” the head of Germany’s Bundesbank said on Friday while opposing further aid for Greece in an interview with Focus magazine. Full News here – Latest News

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Greek markets rally as reform promise builds hope of debt deal

Greek bond yields fell and stocks rose on Tuesday after Athens said it would present urgently needed economic reforms to its euro zone partners by next Monday. Full News here – Latest News

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EU warns against bills on debt settlement, humanitarian crisis

The European Commission’s chief representative on the technical team monitoring Greece, Declan Costello, has described draft laws aimed at tackling the humanitarian crisis and launching a 100-installment payment scheme for taxpayers to settle their debts to the state as unilateral actions taken in a fragmentary fashion, according to a text he has reportedly sent to […]

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ECB glimpse of Cyprus debt shows limits of bank cleanup

There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. Full News here – Latest News

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Greek debt becoming less sustainable

The agreement between the Greek government and its lenders, which was sanctioned by the Eurogroup last Tuesday, appears to be more of a respite and less of a sea change in the relationship between the two sides. The apparent confidence gap is bound to aggravate economic conditions and undermine talks on debt relief unless it […]

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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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