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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...