Results for Greece
- Only Debt Restructuring Can Save Greece
The financial crisis in Greece is best understood by looking at the hard numbers, The Wall Street Journal reported in a commentary. Over the next five years, Athens has to raise €240 billion, roughly the country's current gross domestic product. ...
Daily Headline - global.abi.org - 04/14/2010 - 08:56 - 0 comments
- Greek Aid May Be ‘Defining Moment’ for Fiscal Policy
European leaders’ pledge to help Greece with an unprecedented aid package may be a stepping stone on the way to a more unified fiscal policy, said economists at Barclays Capital and Commerzbank AG, Bloomberg reported. Euro region officials have spent the ...
Daily Headline - global.abi.org - 04/13/2010 - 12:38 - 0 comments
- Euro Zone Won't Allow Default Of Member Country - Spain
A top Spanish official said Monday that Sunday's agreement on details of a Greek bailout package showed the euro zone won't allow the default of a member nation, Dow Jones reported. "It shows the unanimous decision of the European Union, a ...
Daily Headline - global.abi.org - 04/13/2010 - 08:25 - 0 comments
- A Greek Bail-Out At Last But No Real Solution
Finally there is a deal. It came late, and only after the financial markets – and a rating agency – forced the European Union to put up or shut up. It will provide Greece with emergency loans at a rate of about 5 per cent, which is lower than present mar ...
Daily Headline - global.abi.org - 04/12/2010 - 10:46 - 0 comments
- As Greek Bond Rates Soar, Bankruptcy Looms
As interest rates on Greek debt spiral upward again, the question facing Europe is no longer whether Athens has the political will to cut spending and raise taxes to curb its gaping budget deficit, but whether Greece will run out of money before it gets ...
Daily Headline - global.abi.org - 04/21/2010 - 17:39 - 0 comments
- Euro Sell-Off Gathers Pace On Greek Concerns
The euro has been under pressure this week after media reported Greece wanted to renegotiate a joint EU-International Monetary Fund aid deal reached last month, Reuters reported. Greece denied the reports, but that has had little impact. On Tuesday, the ...
Daily Headline - global.abi.org - 04/07/2010 - 09:02 - 0 comments
- Greece Will Default, But Not This Year
I am willing to risk two predictions. The first is that Greece will not default this year. The second is that Greece will default. The Greek government has demonstrated that it can still borrow at a rate of about 6 per cent but if you do the maths on the ...
Daily Headline - global.abi.org - 04/06/2010 - 23:18 - 0 comments
- Euro Declines Amid Speculation EU Plan for Greece May Falter
The euro declined for a third day against the dollar amid speculation that a plan for Greece to obtain European Union and International Monetary Fund help in cutting its budget deficit may falter, Bloomberg reported. Europe’s common currency also slid ve ...
Daily Headline - global.abi.org - 04/06/2010 - 23:14 - 0 comments
- Greece's Rescue Package Could Sink It
Greece has run out of cash and it is fast running out of the ability to borrow at anything but the most punitive rates. Yet borrow it must, thus putting itself in an ever more precarious position, The Wall Street Journal reported. It is the originato ...
Daily Headline - global.abi.org - 04/02/2010 - 07:41 - 0 comments
- Rescue Fears Trigger Greek Bond Sell-Off
Greek sovereign bonds suffered a sharp sell-off on Tuesday as investor concerns over the country’s financial health flared up again, the Financial Times reported. In spite of mooted support from the European Union and the International Monetary Fund, ...
Daily Headline - global.abi.org - 03/31/2010 - 08:11 - 0 comments