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Greek bonds

Greece's Largest Private Debt Owner Says Greek Debt Is Much Lower Than We Think

Paul Kazarian, who owns around 4 billion dollars in value of Greek state bonds, says that the Greek debt is not as high as we are made to believe. The American-Armenian investor, founder and owner of Japonica Partners, spoke to...

Greek Cabinet Reshuffle Makes Sovereign Bonds Soar

The move by Prime Minister Alexis Tsipras to cleanse his cabinet of hard-left ministers has prompted a surge in market confidence, with bonds soaring to three-month highs on Monday morning, The Guardian says. After the reshuffle, in which Tsipras got...

'Athens Stock Exchange Trails Only Nigeria and Venezuela,' Bloomberg Report Says

Greek bonds and stocks did not gain after the latest bailout program review and uncertainty prevails over the second review scheduled for September, Bloomberg says. According to the report, investors stay away from Greek state bonds and stocks, thereby making...

ECB Dashes Greek Hopes on Lifting 'Waiver' on Greek Bonds

All eyes were on the European Central Bank's (ECB) June policy meeting in Vienna on Thursday. Great expectations resulted in disappointment regarding Greece with the central bank holding back from allowing Greek banks to resume access to cheap loans. Meeting...

Fitch Upgrades Greece to 'CCC'

Fitch Ratings has upgraded Greece's Long-term foreign and local currency Issuer Default Ratings (IDRs) by one notch to "CCC" from "CC." The issue ratings on Greece's senior unsecured foreign and local currency bonds have also been upgraded to "CCC" from...

Beijing Hopes Greece Will Soon Exit the Crisis

The Chinese Foreign Ministry spokesman Lu Kang noted that he has not been informed on whether his country would provide assistance to Greece, while he expressed the hope that Greece can overcome its debt crisis soon. According to Reuters, Lu...

S&P Says Missed Payment to ECB Will not Lead to Ratings Downgrade‏

Standard & Poor's Ratings said on Monday that it would not move the ratings on Greece to 'SD' (selective default) should the government miss making payments on bonds maturing in July and August totaling 6.7 billion euros held by...

S&P Downgrades Greek Banks

Standard & Poor’s has lowered its rating of Greece’s four largest banks. The Friday move came two days afterthe rating agency’s cutting its already deep-junk rating for Greek bonds. Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank...

Varoufakis: Greek Debt Unsustainable, ECB Bond Pushback Needed

Greek Finance Minister Yanis Varoufakis said that the Greek debt is unsustainable and Athens needs to delay payment on 27 billion euros of Greek state bonds to the European Central Bank (ECB). In July and August, Greece has to pay 6 billion...

Moody's Downgrades Greece's Government Bond; Outlook Negative

Moody's Investors Service has today downgraded Greece's government bond rating to Caa2 from Caa1. The short-term rating is unaffected by this rating action and remains at Not Prime(NP). The outlook on the rating is negative. Moody's government bond rating...