Greece To Sell €1.25b Treasury Bills On May 17

The Hellenic Debt Management Agency (PDMA) announced that Greece will auction 13 Weeks T-Bills, in book entry form, on May 17, 2011. The amount to...

Greek Property Value Decreasing at Faster Rate

The pace at which housing prices in Greece are falling picked up in the first quarter of the year, dropping 5% on an annual...

S&P Downgrades Greek debt

S&P has downgraded Greece’s credit rating by two notches to ΄B΄ and ΄C΄, from ΄BB-΄ and ΄B΄, respectively on fears the country will need...

Greece To Sell €1.25b Treasury Bills

The Greek Debt Management Agency said that the Republic will auction 26 Weeks T-Bills, in book entry form, on May 10, 2011. The amount to...

Economic Sentiment Index Fell from 74.2-78.4 Points

Greece's economic sentiment index fell further in April to 74.2 points from 78.4 in March, the Institute for Economic and Industrial Research (IOBE) said...

800 Retired Lawmakers Ask For Retroactive Increases

An old story of retired lawmakers asking for retroactive increases in pension has been revived recently. A total amount of about 800 former members...

Unleaded Gas Ceiling Imposed without Expiration Date

The government on Tuesday imposed price ceilings on unleaded gas in thirteen prefectures in Greece, without an expiration date.  This will become effective as...

Greek Bonds Spread while CDS Hit New Highs

The premium demanded by investors to hold Greek 10-year bonds continued to rise on Wednesday, reaching a peak of 16.17 percent and driving spreads...

“Make Innovation Work” for Greece and win $100,000

The American-Hellenic Chamber of Commerce has launched a major initiative to foster innovation and entrepreneurship in Greece. Make Innovation Work—MIW—is a competition designed to reward...

German Advisor Feld: Greece can’t avoid debt restructuring

Greek 10-year bond yields fell to a new record low on Tuesday, while the spread between the Greek bond and the Greek benchmark bonds...

Greece’s Budget Deficit Higher Than Expected

Eurostat announced on Tuesday that the deficit of the General Government for 2010, is estimated at €24.2b (10.5% of Gross Domestic Product), while the...

Lehman warning on Greek debt deal

A sovereign debt restructuring in a eurozone state could trigger a banking crisis worse than that unleashed by the collapse of Lehman Brothers, according...

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