Greece

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Europe Braces for Messy Greek Endgame

It’s still possible that Greece can remain in the eurozone—though that is no longer the base case for many policy makers, The Wall Street Journal reported. At the very least, most fear the situation is going to get much, worse before it gets any bett ...

Daily Headline - global.abi.org - 04/20/2015 - 21:49 - 0 comments

Greece Orders Public Entities to Store Cash in Central Bank

Greece’s government issued a decree Monday requiring public bodies such as state-owned companies and public pension funds to transfer their cash reserves to the central bank as the country’s cash reserves continue to dry up, The Wall Street Journal r ...

Daily Headline - global.abi.org - 04/20/2015 - 21:50 - 0 comments

Greece Flashes Warning Signals About Its Debt

By the standards of his frenzied schedule here last week, the meeting on Friday between Yanis Varoufakis, the Greek finance minister, and Lee C. Buchheit, the dean of international debt lawyers, was a quiet one, the International New York Times repor ...

Daily Headline - global.abi.org - 04/19/2015 - 19:35 - 0 comments

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

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

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

Greece Prepares For Debt Default If Talks With Creditors Fail

Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of April, according to people briefed on the radical leftist government’s thinking, the Financial Times r ...

Daily Headline - global.abi.org - 04/13/2015 - 22:23 - 0 comments

Greece May Have Ruined Its Best Chance

In a related story, the International New York Times reported that even if it survives the next three months teetering on the brink of bankruptcy, Greece may have blown its best chance of a long-term debt deal by alienating its eurozone partners when ...

Daily Headline - global.abi.org - 04/13/2015 - 22:24 - 0 comments

Athens Repays IMF €450 Million As Cash Runs Out

Greece repaid €450m it owed the International Monetary Fund on Thursday, sending bond yields sliding as investors’ showed relief that it had met its latest debt deadline, the Financial Times reported. Yields on the country’s shortest dated notes decl ...

Daily Headline - global.abi.org - 04/09/2015 - 21:18 - 0 comments

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