EU Considers Greek Debt Buyback as ‘Reprofiling’

The European Union, European Central Bank and the International Monetary Fund are set to agree on a three-step plan that will help Greece “re-profile”...

German Finance Minister Claims EU Considering Extension of Greek Loans

German Finance Minister Wolfgang Schaeuble claimed European governments are considering extending the life of aid loans to Greece, WirtschaftsWoche reported, citing an interview. The Greek government...

Greek MinFin: Bond Buyback Plan Under Discussion

The Greek Finance Minister said on Friday that a European initiative allowing the Greek government to buy back outstanding debt is being discussed, according...

Papandreou Claims Greece Can Achieve Growth in 2012

Greek Prime Minister, George Papandreou said that Greece can achieve growth in 2012, according to a statement. The European Financial Stability Facility "should be robust and...

Finance Ministry Announces New Tax Legislation Bill

The Greek market has risen strongly today after the Finance Ministry announced a text for new tax legislation.  The new text is aimed at aiding recovery,...

Bloomberg Poll Predicts Greek Default

Most global investors predict that at least one nation will abandon the euro zone within five years and that Greece and Ireland will default,...

EU Blocks Aegean Airlines & Olympic Air Merger

The European Commission has prohibited the proposed merger between Aegean Airlines and Olympic Air.  It would have resulted in a quasi-monopoly on the Greek...

Bloomberg: Greek Debt Repayment Depends on Real Estate Sales

Greece’s debt repayment depends on state-owned real estate sales, according to a Bloomberg report. “When the Greek government swapped land with a Byzantine monastery on...

Reuters: Greek Debt Restructuring isn’t Expected Soon

Reuters claims that Athens is not expected to ask for debt restructuring any time soon, according to an analysis. Greece will never be able to repay...

Greece Ready to Issue Diaspora Bond: Minister

Greece will issue a diaspora bond aimed at Greek investors all over the world "within the next few months" in an effort to return...

Fitch Ratings Claims Greece Must Access Markets by end of 2011

Fitch Ratings said on Friday that there is a continuing risk that euro-region nations will have their credit ratings downgraded, according to Bloomberg. David Riley,...

Olympic-Aegean Airlines Merger Faces EU Veto

European Union regulators have asked for more concessions to encourage rival airlines to enter the Greek market, to permit the proposed merger of Aegean...

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