Greece

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Euro Zone Considers Three Bailout Exit Options For Greece

Euro zone finance ministers will consider three options on Thursday for what happens after Greece exits its bailout at the end of the year, seeking to balance the need to reassure investors with the demands of domestic Greek politics. The Greek governmen ...

Daily Headline - global.abi.org - 11/06/2014 - 22:02 - 0 comments

Greece’s Alpha Bank Reports Steep Third-Quarter Loss

Alpha Bank AS, Greece’s fourth largest lender, reported a steep third-quarter net loss Tuesday due to a mammoth voluntary retirement scheme, but otherwise showed an improvement in core operating trends and declining provisions for bad loans, The Wall S ...

Daily Headline - global.abi.org - 11/04/2014 - 23:18 - 0 comments

EU Leaders Weigh Plan For Greek Exit From Bailout

Eurozone leaders are weighing a plan to allow Greece to exit its four-year-old bailout at the end of the year by converting nearly €11bn of unused rescue funds into a backstop for Athens for when it raises cash from the markets on its own, the Financia ...

Daily Headline - global.abi.org - 11/03/2014 - 21:33 - 0 comments

Eurozone Discusses ‘Cosmetics’ for New Financial Aid for Greece

Now that Greece has said it will seek a credit line from the eurozone’s bailout fund once its rescue program runs out at the end of the year, the difficult negotiations on how to make the new aid palatable to both Athens and other European capitals have ...

Daily Headline - global.abi.org - 10/30/2014 - 20:37 - 0 comments

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 - 21:08 - 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 - 21:39 - 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 - 20:08 - 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 - 20:51 - 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 - 20:40 - 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 - 21:47 - 0 comments

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