Results for Greece
- Greece Seeks Probe Into Restructuring Rumours
Greece's finance ministry asked a prosecutor to launch an investigation into debt restructuring rumours that helped drag Greek stocks down on Wednesday, Reuters reported. Greek bank stocks fell 4.58 percent on Wednesday and the broader Athens bourse ...
Daily Headline - global.abi.org - 04/21/2011 - 08:01 - 0 comments
- Restructuring Talk Gains Momentum In Greece
A year since Greece obtained a 110 billion euro ($158 billion) international bailout, politicians and members of the public, fed up with austerity, are pushing their government to restructure its debt, Reuters reported. The government is still strongly r ...
Daily Headline - global.abi.org - 04/12/2011 - 08:19 - 0 comments
- Greek Decision Time Nears
Speculation intensified last week that European officials are inching closer to a decision to allow Greece to restructure its US$350bn of government debt, International Financing Review reported. If it does so, Greece will become the first Western Eu ...
Daily Headline - global.abi.org - 04/11/2011 - 08:52 - 0 comments
- IMF Denies Pressing Greece To Restructure Debt
The International Monetary Fund on Saturday denied a report in German magazine Der Spiegel that it was privately pressing Greece to restructure its debt. "As we have said consistently, the IMF supports the Greek government's position of no debt ...
Daily Headline - global.abi.org - 04/03/2011 - 17:50 - 0 comments
- S.&P. Downgrades Portugal and Greece Again
Standard & Poor’s said Tuesday that it had cut its sovereign credit ratings for Portugal and Greece, piling further pressure on the two countries with heavy debt loads, weak economies and moribund banks, the International Herald Tribune reported. ...
Daily Headline - global.abi.org - 03/30/2011 - 07:49 - 0 comments
- Greece Seeks Creative Ways to Plug Budget Gap
Greece's Socialist government is considering creative means to close its budget gap as tax receipts slump—including steps ranging from seizing the unclaimed assets of the dead to slapping new taxes on carbonated drinks, The Wall Street Journal r ...
Daily Headline - global.abi.org - 03/29/2011 - 07:59 - 0 comments
- Study Finds 50% Of Greek Firms Will Need Debt Restructuring
One in two leading businesses in recession-hit Greece will need to refinance their loans or debt obligations over the coming year, research by auditors Ernst & Young showed on Tuesday, Agence France-Presse reported. The study found that 48% of Greek ...
Daily Headline - global.abi.org - 03/10/2011 - 08:33 - 0 comments
- New quasi-insolvency proceedings for non-merchant individuals
Until recently, Greece was one of only a few European jurisdictions to have no insolvency proceedings for non-merchants. However, the need for such protection became apparent. New Law 3,869/2010 sets down debt settlement and debt cancellation procedures ...
Resource Article - abi_editor - 03/09/2011 - 15:59 - 0 comments - 0 attachments
- Greece Raises $2.3 Billion After Rating Cut
Greece raised €1.625 billion ($2.28 billion) in an auction of treasury bills Tuesday, though the higher interest rate it has to pay showed investor unease a day after the country's credit rating was downgraded sharply, the Associated Press reported. ...
Daily Headline - global.abi.org - 03/09/2011 - 08:18 - 0 comments
- Greece Slams Rating Agencies After Moody's Cut
Greece launched a tirade against U.S. credit ratings agencies Monday after Moody's downgraded its debt grade further below junk status, warning the bailed-out euro country might have to default on its massive borrowings, the Associated Press reporte ...
Daily Headline - global.abi.org - 03/08/2011 - 08:01 - 0 comments