Greece

The German Finance Ministry, rejecting a report in the news magazine Der Spiegel that said Germany was readying a third bailout package for Greece, reiterated that there is no chance of debt relief and that Greece will have to...

  The German Finance Minister Wolfgang Schaeuble, in an interview with Bild newspaper appeared negative on the possibility of a new haircut on the Greek debt. "We had a debt reduction in late 2011 - early 2012, and that's enough," said Schaeuble who...

Hammering home a message repeated many times already, German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble said Greece will not be allowed to stiff international lenders with big losses the way it did to private investors, although critics...

With evidence growing that Greece may never be able to pay the $325 billion it borrowed from international lenders to keep the economy afloat, German Chancellor Angela Merkel and her Finance Minister Wolfgang Schaeuble have rejected any notion that...

Greece's international lenders are not currently discussing the possibility of another debt restructuring, or "haircut", for the country, the coordinator for the euro zone's finance ministers said today. The ministers will hold a conference call on Wednesday to discuss...

After earlier imposing 74 percent losses on banks and investors – and nearly wiping out its own banking industry in the process – Greece will probably give its bondholders another so-called “haircut,” including those who refused to participate before,...

ATHENS – After stiffing private investors for 74 percent losses earlier this year on their holdings in Greek bonds, Greece may also give a so-called “haircut” of 30 percent losses to the European Central Bank (ECB) and the 16...

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...

It was a «terrible mistake» to ask private holders of Greek government debt to forgo half of their investment, European Central Bank Governing Council member Athanasios Orphanides said on Monday. Orphanides told Cypriot lawmakers that the decision to write down...

Bundesbank President Jens Weidmann said a haircut for Greece would not resolve the country's debt problems and could in fact be "dangerous" if it led to a relaxation in debt-cutting efforts. "A haircut is not an cure-all," Weidmann told Sunday's...

French Finance Minister Francois Baroin said Saturday that euro zone leaders will announce the extent to which private sector creditors will write down their Greek bonds at a summit in Brussels slated for next Sunday. Baroin said that significant progress...

A haircut, or loss, on Greek debt "can΄t be excluded," European Central Bank Governing Council member Jens Weidmann tells Germany΄s mass circulation newspaper Bild Zeitung in an interview pre-released Wednesday. Still, he warns that this would not solve the source...

Cyprus’s major banks have enough capital to withstand a potential restructuring of Greek government debt, Central Bank of Cyprus governor Athanasios Orphanides said. “We carried out analyses and checked some scenarios and our major banks have such a strong capital...

Speaking to German media, Chancellor Angela Merkel, once more, ruled-out a haircut of the Greek debt. She said that under no circumstances could there be a new "classic haircut" of Greek debt, similar to what happened with the PSI. "A debt...

The International Monetary Fund's Christine Lagarde, maintains her position that the Greek debt does not need a haircut but instead requires low interest with long maturities. She also reiterated that debt restructuring is a basic requirement for the participation...