Finance ministers in the 17-nation eurozone met in Brussels Monday to discuss Spain’s growing budget deficit and Greece’s new $172-billion bailout. The ministers sought explanations from Spain, the eurozone’s fourth largest economy, about why its deficit is expected to reach 5.8 percent of the country’s economic output this year — far above the 4.4 percent […]
Eurozone Finance Chiefs Discuss Spain’s Deficit, Greece’s New Bailout
Posted March 12th, 2012 at 6:30 pm (UTC-5)
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Eurozone Finance Chiefs Set to Approve Greek Bailout
Posted March 12th, 2012 at 10:50 am (UTC-5)
Finance ministers in the 17-nation euro currency bloc are set to approve Greece’s new $172 billion bailout, even as they grapple with concerns about Spain missing its deficit target this year. Greece last week secured agreements with private creditors to eliminate $142 billion of the debt it owed them. That cleared the way for the […]
Eurozone Finance Chiefs Set to Approve Greek Bailout
Posted March 12th, 2012 at 9:10 am (UTC-5)
Finance ministers in the 17-nation euro currency bloc are set to approve Greece’s new $172 billion bailout, even as they grapple with concerns about Spain missing its deficit target this year. Greece last week secured agreements with private creditors to eliminate $142 billion of the debt it owed them. That cleared the way for the […]
Greek PM Hails Achievement of Bond Swap Deal With Lenders
Posted March 10th, 2012 at 2:15 am (UTC-5)
Greek Prime Minister Lucas Papademos has hailed the success of the bond swap deal with private lenders to keep the country solvent. During a speech on state television Friday, Mr. Papademos said, “for the first time, Greece is not adding, but taking debt off the backs of its citizens for generations to come.” Under the […]
Greeks Strike Deal to End Financial Crisis
Posted March 9th, 2012 at 12:10 pm (UTC-5)
VIDEO: WEB: TYPE: CN )) Greece says the majority of the country’s private lenders, including financial institutions, have agreed to a bond swap deal to help it eliminate a $142-billion debt and avoid a default on its financial obligations later this month. Greece intends to use legislation to force the remaining holdouts to sign on […]
Greeks Strike Deal to End Financial Crisis
Posted March 9th, 2012 at 9:25 am (UTC-5)
Greece says the majority of the country’s private lenders, including financial institutions, have agreed to a bond swap deal to help the country eliminate a $142-billion debt and avoid a default on its financial obligations. Greece intends to use legislation to force the remaining holdouts to sign on to the agreement. French President Nicolas Sarkozy […]
Greek Economist Hails Bond Swap Deal as Economy Booster
Posted March 9th, 2012 at 5:15 am (UTC-5)
Greece says the majority of the country’s private lenders, including financial institutions, have agreed to a bond swap deal to help it eliminate a $142-billion debt and avoid a default on its financial obligations later this month. Greece intends to use legislation to force the remaining holdouts to sign on to the agreement. The chief […]
Greece says Bond Swap Agreement is Secured With Lenders
Posted March 9th, 2012 at 2:10 am (UTC-5)
Greece says the majority of the country’s private lenders, including financial institutions, have agreed to a bond swap deal to help it eliminate a $142-billion debt and avoid a default on its financial obligations later this month. Greece intends to use legislation to force the remaining holdouts to sign on to the agreement. Greece has […]
Greece Nears Debt Write-Off Goal
Posted March 8th, 2012 at 2:05 pm (UTC-5)
Greece is nearing its goal of getting the country’s private lenders to eliminate $142 billion of the country’s debt to help it avoid a default on its financial obligations later this month. A government official told news agencies in Athens Thursday that banks, pension funds and financial institutions holding three-quarters of the country’s debt had […]
Greece Nears Debt Write-Off Goal
Posted March 8th, 2012 at 9:45 am (UTC-5)
Greece is nearing its goal of getting the country’s private lenders to eliminate $142 billion of the country’s debt to help it avoid a default on its financial obligations later this month. European leaders and financial analysts predicted the Athens government would be successful in winning pledges from its creditors ahead of a deadline Thursday […]
