Europe

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IMF Knocks Greek Debt Rescheduling Hopes

Greek officials have made an informal approach to the International Monetary Fund to delay repayments of loans to the international lender, highlighting the parlous state of Greek finances, but were told that no rescheduling was possible, the Financial ...

Daily Headline - global.abi.org - 04/16/2015 - 21:59 - 0 comments

Europe Braces for Brinkmanship Over Greece

In a related story, The Wall Street Journal reported that Europe is losing hope that Greece will adopt the economic policies needed to unlock bailout funds before it runs out of money. Policy makers across the euro currency zone are bracing themselve ...

Daily Headline - global.abi.org - 04/16/2015 - 21:59 - 0 comments

Ukraine Plays Hardball On Bank Debt Restructuring

Ukraine plans to tell investors on Friday that it will allow a state-owned bank to default unless a deal with creditors can be agreed as the embattled country takes an ever tougher approach to debt negotiations, the Financial Times reported. While at ...

Daily Headline - global.abi.org - 04/16/2015 - 22:00 - 0 comments

Espírito Santo Insolvency Receivers Put Art, Buildings Up for Sale

Art work and office buildings are being sold by bankruptcy receivers for the Espirito Santo group of companies that collapsed last year amid fraud allegations, The Wall Street Journal reported. The 36-story Espírito Santo Plaza in Miami went on the b ...

Daily Headline - global.abi.org - 04/16/2015 - 22:03 - 0 comments

EU Says Talks With Greece Over Bailout are Nowhere Near Resolution

Greece’s negotiations with international creditors are going very slowly and are nowhere near the point where bailout money can be disbursed, a senior European Union official said, The Wall Street Journal reported. The Greek government has complained ...

Daily Headline - global.abi.org - 04/15/2015 - 23:09 - 0 comments

Sofia Court To Rule On CCB Insolvency ‘Within Seven Days’

Sofia City Court held a hearing in the insolvency case against Corporate Commercial Bank (CCB) on April 15 and was expected to issue a ruling “within seven days”, reports in Bulgarian media quoting court officials said. The three-hour hearing was not ope ...

Daily Headline - global.abi.org - 04/15/2015 - 23:14 - 0 comments

HMRC To Lose Out In Phones 4U Insolvency

just 0.4%, PwC said in its latest progress report yesterday, Economia reported. PwC, which was ... about 0.4%, or 0.4p in every pound owed. The total debt to unsecured creditors is about £168m. PwC has ... creditors, including HMRC, of collapsed mobile retailer Phones4U will see a return of just 0.4%, PwC said in ...

Daily Headline - global.abi.org - 04/15/2015 - 23:16 - 0 comments

Ukraine Warns Creditors as Debt Restructuring Looms

Ukraine Finance Minister Natalie Jaresko has a warning for creditors of the war-torn country: Come to the table now to restructure $40 billion in debt or face the risks of an uncertain economic, political and military climate down the road, The Wall St ...

Daily Headline - global.abi.org - 04/14/2015 - 21:53 - 0 comments

European Central Bank Lifts Ceiling on Greek Loans

The European Central Bank on Tuesday increased the amount of money Greek banks can borrow under an emergency-lending program, extending a lifeline for the country’s banks as its government continues tense negotiations with its creditors over its bailout ...

Daily Headline - global.abi.org - 04/14/2015 - 22:04 - 0 comments

Insolvency Service Of Ireland Protocol To Speed Up Debt Deals

The Insolvency Service of Ireland has reached an agreement with lenders and agents acting on behalf of a new Personal Insolvency Application (PIA) protocol which sets out the standards that creditors and Personal Insolvency Practicioners (PIPs) can expec ...

Daily Headline - global.abi.org - 04/14/2015 - 22:04 - 0 comments

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