Greece

The Greek government is on course to receive a long-delayed €34.4bn aid payment after it fell only just short of its target in a bond buyback programme intended to wipe about €20bn from Athens’ sovereign debt pile, the Financial Times reported. Accor ...

Daily Headline - global.abi.org - 12/11/2012 - 23:49 - 0 comments

Greece is near to reaching its target in a buyback of sovereign debt that will unlock aid from the International Monetary Fund and the European Union, according to a Greek government official, Bloomberg reported. The amount offered in the buyback of Gree ...

Daily Headline - global.abi.org - 12/09/2012 - 20:10 - 0 comments

Greece's debt agency launched a multibillion-euro offer to retire roughly half the debt the country owes to private creditors, part of the latest effort to trim a towering debt burden, The Wall Street Journal reported. Bond markets reacted posit ...

Daily Headline - global.abi.org - 12/03/2012 - 23:54 - 0 comments

Greece will unveil details of a bond buy-back crucial to efforts by foreign lenders to trim the country's ballooning debt, hoping the terms will draw enough investors and unblock vital aid, Reuters reported. Since plans for the buy-back were announc ...

Daily Headline - global.abi.org - 12/02/2012 - 22:47 - 0 comments

Greece took the first steps Thursday to pay off billions of euros in arrears to private-sector companies and individuals—some dating back several years—once it receives its next cash infusion from its international creditors, The Wall Street Journal ...

Daily Headline - global.abi.org - 11/29/2012 - 22:51 - 0 comments

Eurozone governments could be forced to accept losses on their rescue loans to Greece after Monday’s late-night deal to overhaul its bailout failed to agree how to reach new debt targets for the struggling country, according to documents seen by the Fi ...

Daily Headline - global.abi.org - 11/27/2012 - 21:50 - 0 comments

Greece's international creditors reached a deal to end an impasse over the country's rescue program and unlock long-delayed loan payments, though the plan left officials with a host of challenges to cut the government's debt burden, The ...

Daily Headline - global.abi.org - 11/26/2012 - 23:38 - 0 comments

Call it Greece vs. the bondholders, Round 2. Almost nine months after forcing private sector investors to stomach a 75 percent loss on their Greek bonds, the Greek government — with the support of Germany, its largest creditor — is weighing a plan to rep ...

Daily Headline - global.abi.org - 11/20/2012 - 22:25 - 0 comments

Germany is standing firm in its opposition to another major write-down of Greece's debt ahead of a meeting Tuesday that aims to clear the way for the next disbursement of aid to Athens. "A haircut remains unimaginable," Finance Ministry sp ...

Daily Headline - global.abi.org - 11/19/2012 - 22:19 - 0 comments

Greece’s eurozone lenders are in a bind: how can they further trim the country’s unsustainable debt pile, but not take any losses themselves? the Financial Times reported. One proposal floating around European policy circles is a voluntary debt buyba ...

Daily Headline - global.abi.org - 11/15/2012 - 23:23 - 0 comments