Showing posts with label Greek default. Show all posts
Showing posts with label Greek default. Show all posts

Wednesday, November 14, 2012

On Greece, Christine Lagarde Is the Grown-Up at the Table


By the Editors Nov 14, 2012 1:30 AM GMT+0200
One way or another, the governments and other official lenders that have bailed out Greece and now hold its debt are going to lose some or all of that money.

Friday, June 15, 2012

Friday, May 25, 2012

Europe dithers as Greece vote looms


BBC
By G Hewitt

Europe is divided and uncertain and the euro - at least initially - has fallen to a 22-month low against the dollar.

Tuesday, May 22, 2012

The Greek run


It is not a good idea for Greece to leave the euro. But it is time to prepare for its departure
May 19th 2012 | from the print edition
The Economist
“GREXIT” is an ugly term for what may soon become an even uglier reality: Greece’s departure from the euro zone. As fury in Athens runs up against frustration with Greek recalcitrance in the rest of the European Union, the

Sunday, May 20, 2012

World leaders back Greece, vow to combat financial turmoil



(Reuters) - World leaders backed keeping Greece in the euro zone on Saturday and vowed to take all steps necessary to combat financial turmoil while revitalizing a global economy increasingly threatened by Europe's debt crisis.

Wednesday, May 16, 2012

Exclusive: ECB stops operations with some Greek banks


(Reuters) - The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters.

Tuesday, May 15, 2012

Hazardous Greek-Exit Scenario


The Wall Street Journal
There is no legal provision in European Union treaties for a country to exit the euro zone, putting experts in uncharted waters when trying to assess method and the repercussions. But if Greece were forced to leave after losing financial support, it would show that Europe's historic currency project can disintegrate as well as integrate. Here are some possible answers.
How does Greece leave the euro?

Fresh talks in Greece as fears of euro exit grow


BBC
Further talks are due in Greece amid a scramble to try to secure a workable government following inconclusive elections nine days ago.

Monday, May 14, 2012

Greece hits political stalemate, euro exit fears grow


"I think that is an impossible equation and I think in that sense it is an irresponsible statement," said Finland's Minister for European Affairs Alexander Stubb.

Wednesday, May 9, 2012

Turmoil in Greece Raises Euro Risk



Though Financial Markets Are Relatively Calm, Concern Grows About Impact of Potential Exit From the Common Currency
The Wall Street Journal
By CHARLES FORELLE

Financial markets' relatively calm reaction to the Greek turmoil masked rising risks Greece is on a road that leads to its exit from the euro zone, with hard-to-predict consequences.

Tuesday, May 8, 2012

Greece Likely to Exit Euro This Year, FX Concept’s Taylor Says



By John Detrixhe and Erik Schatzker - May 8, 2012 4:02 PM GMT+0300
Greece will probably leave the euro as soon as next month as the government runs out of cash and European institutions fail to lend more to the nation, according to John Taylor of hedge fund FX Concepts LLC.

Monday, March 5, 2012

Greek town withers as boom turns to bust


(Reuters) - Decades ago, Antonis Seitanidis' family fled Asia Minor to settle in the northern Greek town of Komotini in search of a better life.

Greece and the new rescue package


23/02/2012 | Manthos Delis
If one listens to the arguments made in the majority of the media both in Greece and abroad, the overwhelming impression is that the new rescue package is solely about wage cuts and tax increases.   In contrast, four out of five policies in the new deal concern structural reforms for the Greek economy  …

Wednesday, February 29, 2012

Greek PM in Brussels for talks over second bailout


29 February 2012 Last updated at 08:38 GMT
Greek Prime Minister Lucas Papademos is visiting Brussels to seek final approval for the country's second bailout deal.

Thursday, February 23, 2012

Expel Greece – a cure worse than the disease


22 February 2012 LA REPUBBLICA ROME
Drive Greece out of the euro, and build a federal Europe behind a protective firewall? Italian columnist Barbara Spinelli warns that this idea, which appears to be gaining ground with a number of European leaders, would not only fail to resolve the crisis but would also put an end to Europe’s common culture.
Barbara Spinelli

Wednesday, February 22, 2012

Despite Pact, Unease Lingers for Greece

Agreement Staves Off Immediate Concerns, but Many Problems Remain Even Under Best-Case Scenarios
The Wall Street Journal
Implementation risks are very high in the case of Greece
Greece is being asked to cut its debt burden compared with the size of its economy at the same time it is pursuing an internal devaluation…

Tuesday, February 21, 2012

Europe seals new Greek bailout to avert default


(Reuters) - Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts.

Thursday, February 16, 2012

Eurogroup: νέες πιέσεις και πολύ κουβέντα για το τίποτε…


Από τον δικτυακό τόπο:http://www.e-dragoumanos.eu
(Σημ. του blog. Ο συγκεκριμένος δικτυακός τόπος δείχνει να δίνει μια διαφορετική οπτική για τις εξελίξεις. Πάντα ενδιαφέρουσα. Περιττεύει να επαναλάβω ότι δεν χρειάζεται κανείς να συμφωνεί με τις απόψεις αυτές για να τις διαβάσει.)
μακροπρόθεσμα δάνεια με τα οποία θα … επενδύσουν στην Ελλάδα της δραχμής… αγοράζοντάς την…
αξιωματούχοι της Ευρωζώνης εξετάζουν τρόπους καθυστέρησης μέρους ή και του συνόλου του δεύτερου πακέτου…

Greece and the euro


From tragedy to farce
Feb 15th 2012, 15:27 by J.R.
The Economist
The wrangling underscores how unlikely it has become that a successful Greek bail-out can be crafted…
Greek default may prove less damaging to the rest of Europe than previously feared…

Monday, February 13, 2012

Greece's woes



A reprieve, nothing more
Feb 13th 2012, 15:14 by A.P.
The Economist