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Despite New Bailout, Sacrifice, Greece Still on Edge of Default

ATHENS – While many political leaders in Greece expressed satisfaction with a new bailout from international lenders – this one for $170 billion needed...

Fitch Downgrades Greece to ΄C΄

Fitch Ratings has downgraded Greece΄s credit rating to C from CCC Wednesday after confirmation of the second bailout package that includes a debt exchange...

Parliament Debates Debt Deal Amid Protests

The Greek government braced for further anti-austerity protests Wednesday while the country's parliament was debating legal changes that would clear the way for a...

IIF Recommends Members Carefully Consider New Deal

The body representing Greece΄s private-sector creditors said Tuesday it recommends they "carefully consider" a new deal forcing them to accept a bigger loss on...

Second Bailout Not Enough, Greece Needs Another $20 Billion

ATHENS – With a first bailout of $152 billion failing to slow Greece’s slide towards default, a second rescue package of $169 billion won’t...

Papademos Expects Agreement on Debt Deal by End of Week

Greek Prime Minister Lucas Papademos said negotiators had made "significant progress" in talks to strike a restructuring deal for Greek government debt, with the...

NYT: Hedge Funds May Sue Greece

Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in...

Conservatives Soften Election Demands

Conservative New Democracy party signalled on Friday it would drop its insistence on holding elections in February, a move that would give Prime Minister...

Greece’s Investors Reluctant to Take a Bath

ATHENS – Only a day after Greek officials said they were optimistic about reaching an agreement with banks and investors to write down as...

Harvard Professor Says Greece Will Exit Eurozone

A plan to wipe out 50 percent of Greece’s debt to international lenders is not enough to keep the economy from collapsing and eventually...