Germany Would Back A Voluntary Restructuring Of Greek Debt

German Deputy Foreign Minister said on Friday that a Greek debt restructuring “would not be a disaster”, according to Bloomberg. Werner Hoyer noted that Germany...

Greece Rules Out Debt Restructuring

Greek Finance Minister George Papakonstantinou told German daily Handelsblatt that debt restructuring for Greece isn't desirable, while it could spark contagion effects, according to...

Greece Sold €1,625m T-Bills

Greece’s Public Debt Management Agency announced on Tuesday that it has sold €1,625m of 6-month treasury bills in an auction with the uniform yield...

Greek Hotels Plan To Attract High – Income Tourists

Greek hoteliers prepare a new package to attract tourists of the highest income class. They plan to “unite” –providing a common brand name- small...

Angel Gurria: Greece Might Need More Time

Organization for Economic Cooperation and Development Secretary-General Angel Gurria said that Greece might need more time to pay back debts to bondholders, in a...

Greek – Chinese Water Management Cooperation In Progress

Athens Water Supply Company EYDAP is expected to finalize its cooperation with China Metallurgical Group Corporation (MCC) soon. Greek State Minister Charis Pampoukis will be...

Greece To Sell €1.25b T-Bills On April 12

Hellenic Debt Agency will auction 26-week Treasury Bills on April 12, 2011, in book entry form, with maturity 14 October 2011. The amount to be...

CMA: Greek Sovereign Debt Remains Riskiest In World

Greece was more likely to default on its debt than any other country in the world during the first quarter of 2011, said data...

NBG Says Most Greek Banks can Pass Stress Tests

"Most Greek banks, except ATEbank, are in good shape to pass the stress tests," Vassilis Rapanos, who is also chairman of the Hellenic Bank...

IMF/EU/ECB Representatives May Prolong Their Visit In Athens

Greek Finance Minister Giorgos Papakonstantinou will meet later on Wednesday with the IMF/EU/ECB representatives, who have been in constant discussions with government official since...

IKA To Appoint Consultant For Utilization Of Property

Social Insurance Institute (IKA) has launched a public consultation until April 15 for the appointment of a consultant for the utilization of its property....

Budget Deficit May Exceed 10.5%

Hellenic Statistical Authority (ELSTAT) may report that budget deficit in 2010 exceeded 10.5% of Gross Domestic Product, according to unconfirmed sources, while Ministry of...

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