Greece

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E.U. Praise for Greece Fails to Stem Bond Sell-Off

Just a few months ago, Greece appeared to be on the road to recovery. But in recent days it has helped stir up a storm in European bond markets as investors realized that Athens might not be on such a firm path after all, the International New York Tim ...

Daily Headline - global.abi.org - 10/16/2014 - 22:08 - 0 comments

IMF’s Lagarde: Precautionary Credit Line Would Benefit Greece

Greece should have a precautionary credit line to help it regain normal access to bond markets, the head of the IMF said Thursday, The Wall Street Journal reported. “The country would be, in our view, in a better position if it had precautionary supp ...

Daily Headline - global.abi.org - 10/09/2014 - 22:39 - 0 comments

Greek Budget Leaves Creditors Unconvinced on Exit

million) next year, or 0.2 percent of gross domestic product, from 1.41 billion euros, or 0.8 percent of ...

Daily Headline - global.abi.org - 10/06/2014 - 21:08 - 0 comments

Greek Ambition to Exit Bailout Meets Draghi Roadblock

Antonis Samaras’s ambition to drive Greece out of its rescue program is running into a roadblock, Bloomberg News reported. The country’s prime minister might be thwarted by conditions for the European Central Bank’s asset-purchase program, as detailed by ...

Daily Headline - global.abi.org - 10/02/2014 - 21:51 - 0 comments

Greek Leader Promises Cuts in Oil and Income Taxes

Prime Minister Antonis Samaras announced tax reductions on Saturday in a bid to appeal to Greeks weary of four years of austerity that have cut living standards and to gain political capital as the opposition pushes for early general elections, the Int ...

Daily Headline - global.abi.org - 09/07/2014 - 21:40 - 0 comments

Ailing Fish Farmer Shows Gaps in Greek Bankruptcy Regime

In the decade before Greece's debt crisis, businessman Aristides Belles rode a wave of acquisitions to turn his company, Nireus Aquaculture SA, into one of the largest fish farmers in the world—a staple of supermarket shelves across Europe, The Wa ...

Daily Headline - global.abi.org - 08/21/2014 - 22:47 - 0 comments

Greece To Offer Law On Restructuring Bad Loans Next Month

Greece’s government will draft a new legal framework by early September for restructuring non-performing loans, Development Minister Nikolaos Dendias said. The issue is a “top priority” for the ministry and the government, Dendias told reporters in Athen ...

Daily Headline - global.abi.org - 08/14/2014 - 21:14 - 0 comments

Athens Wants ECB Stress Tests To Factor In Banks' Restructuring Plans

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official ...

Daily Headline - global.abi.org - 07/28/2014 - 20:26 - 0 comments

Greece Seen Needing Third Bailout as Bonds Insufficient

Greece’s return to bond markets after a four-year exile hasn’t convinced economists it can avoid a third bailout. Six out of 10 economists in a Bloomberg News survey said Greece will need to top up the 240 billion euros ($325 billion) of loans received f ...

Daily Headline - global.abi.org - 07/20/2014 - 17:49 - 0 comments

Greece Beats Primary Budget Target

Greece has beaten its target for its primary budget surplus for the first six months of the year, data from the Finance Ministry showed Monday, The Wall Street Journal reported. In a statement, the ministry said the primary budget surplus, which does ...

Daily Headline - global.abi.org - 07/14/2014 - 19:55 - 0 comments

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