PSI

ATHENS – The date of the general election to choose a new Prime Minister will be announced next week, government officials said, but new PASOK Socialist party leader Evangelos Venizelos and his bitter rival New Democracy Conservative leader Antonis...

ATHENS – A deal for Greece to reduce its debt by $134 billion by imposing big losses on those holding the country’s bonds may have helped keep the economy upright for now, but has devastated small investors, Democratic Alliance...

Fitch Ratings upgraded Greece's long-term sovereign credit rating from 'Restricted Default' to B-, the lowest level before highly speculative territory, after the Hellenic country completed the private sector involvement (PSI) debt swap. The ratings agency notes a successful debt restructuring...

ATHENS – The era of austerity will have to continue in Greece, a European Commission report has said, adding that the new government after upcoming elections will have to make further cuts in spending in 2013-14 of 5.5 percent...

ATHENS  - Greeks and those in the Diaspora who bought Greek bonds to support Greece during its economic crisis will not be exempt from an agreement the government made with private investors to write down the country’s debt and...

ATHENS - New Democracy Conservative leader Antonis Samaras, confident his party will prevail in upcoming elections, has urged Greeks to give him a mandate so that he doesn’t have to form a coalition government with his bitter rival PASOK...

ATHENS – With the biggest restructuring of public debt ever agreed upon, writing off $134 billion in Greece’s debt but at the cost of a technical default, interim Prime Minister Lucas Papademos said he doesn’t want Greece to return...

The new haircut on Greek bonds decided on Friday morning by the Greek Parliament has centered the attention of international media across the world. In their breaking news reports, BBC, CNN, CNBC and Reuters welcomed the new bond swap...

Germany's finance ministry on Friday welcomed Greece's debt swap with private creditors calling it a "big step" towards stabilizing the country. A spokesman also said Greece had been handed a "historic chance" after 83.5 percent of its private creditors tendered...

The Greek government said it reached its target in the biggest sovereign restructuring in history, with a 95.7 percent participation rate among investors after it received approval to activate collective action clauses. Bondholders tendered 152 billion euros of Greek-law bonds,...