Greek default
Economy
Goldman Sachs: Govt-Troika Agreement More Important to Reducing Borrowing Costs Than ECB Decision
Quantitative easing, announced on Thursday by European Central Bank President Mario Draghi, is not going to be as influential in reducing Greece's borrowing cost as will an agreement between the government formed after Sunday's national elections and the Troika of...
Economy
BlackRock: Greece is Most Likely to go Bankrupt
According to BlackRock's quarterly Sovereign Risk Index that shows which countries face the highest risk of default, Greece was among the countries most likely to go bankrupt.
The last three months (April-May-June) favored developed markets such as Belgium and the UK, which rose...
Economy
Stournaras Says Greek Default Still Possible
Despite an incoming influx of 54.5 billion euros ($69 billion) in more rescue loans from international lenders as part of a second bailout of 130 billion euros ($173 billion) Greek Finance Minister Yannis Stournaras said there's still a chance...
Economy
Greek Default Could Cost the Germans
German chancellor candidate Peer Steinbrueck warned in a newspaper interview released on Saturday that German taxpayers could get stuck with a large bill if Greece were to default on its loans.
Steinbrueck told Bild am Sonntag newspaper that Germany has...
Economy
Schaeuble Rules Out Greek Default as Samaras, Troika Bargain
German Finance Minister Wolfgang Schaeuble ruled out a Greek default as the cash-strapped country and international inspectors seek agreement on policies before an Oct. 18 European Union leaders summit.
“It will not happen that there will be a ‘Staatsbankrott’ in...
Europe
BBC: 6 Substantiated Viewpoints on Greece’s Probable Euro Exit
While Greek politicians go on with their vain negotiations over the formation of a coalition or unity or national salvation government, Europe is being prepared for a possible Euro exit of Greece. But amidst the speculation, the rumors and...
Europe
Flattened German Investors to Sue Greece
Anger is mounting in Germany as private investors claim they have been forced into a fraudulent scheme after being advised to buy Greek sovereign bonds. The investment turned out to be unsafe after the latest move to save the...
Europe
Greek Analyst on BBC News: “Greece Has Now Officially Defaulted”
Economist Yiannis Varoufakis from the University of Athens appeared Tuesday on BBC News to comment on the Greek debt situation and the recent signing of the second bailout loan to the debt-ridden country by the EU and IMF.
The Greek...
Economy
Daily Mail Reports: Book a Greek Holiday as Soon as Greece Defaults
Irish Daily Mail reporter Mary Ellen Synon wrote a caustic article on the Greek debt situation, noting that by the time Greece declares default, the first thing everyone should do is book a Greek holiday.
For the Daily Mail reporter...
Economy
Rumors Germany Sees Greek Default As Unavoidable Are False
A German government spokesman Wednesday denied that Berlin now considers a Greek default as inevitable.
"I can clearly say for the federal government that those rumors are false. There is no such decision in Germany," Steffen Seibert, spokesman for German...