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Power Games Regarding Greek PSI and EFSF Role

The debate about the haircut of Greek debt has a new dimension, as a large proportion of banks involved in the negotiations expressed the...

Troika Shocking Report on Greek Debt: Full Text

The European Commission, European Central Bank and International Monetary Fund have reported on the sustainability of Greece's debt. Read the text of the report below: Greece:...

With Slovak Vote, Eurozone Gets New Debt Crisis Weapon

Slovakia finally ratified the eurozone bailout fund on Thursday, removing a major obstacle to the single currency area's battle against a raging debt crisis...

Prime Minister: We Need To Build On July 21 Conclusions

George Papandreou said on Thursday that the comprehensive package would include issues such as the need for deeper economic cooperation, integration and governance, the...

Slovakia Blocks Greek Rescue Fund

The Slovakian government has blocked plans to expand the European bailout plans, although international lenders are still expected to give Greece a loan next...

EU Mulls 60-per-cent Greek Debt Cut as Merkel, Sarkozy Meet

Eurozone members were considering a possible Greek debt write-down of up to 60 per cent, German negotiators told dpa on Sunday, hours before German...

Euro Zone Postpones Greek Loan

Eurozone finance ministers have delayed a decision on giving Greece its next instalment of bailout cash. It came after Greece said it would not meet...

Leading German Politician Calls for Greek Eurozone Exit

A top official from Chancellor Angela Merkel's Bavarian sister party called Sunday for debt-mired Greece to exit the eurozone, as Germany's leader fights to...

Japan Willing to Financially Aid Greece

Japan is willing to purchase more bonds from the EFSF in order to share the burden of the Greek debt, said  Finance Minister Jun...

Papandreou: Greece Will Deliver On All Its Pledges

Prime Minister George Papandreou said he can "guarantee" that Greece will deliver on all the austerity pledges made for its first EUR110 billion rescue program, and reaffirmed that the country will reach[...]

EU: Expanding EFSF Won΄t Allow Greek Debt Restructuring

The expansion of the euro zone΄s sovereign debt fund won΄t allow a further restructuring of Greek debt, a European Commission spokesman said Monday. There are...

CEO of EFSF Warns Standard of Living Will Fall for Greece

According to Reuters, Klaus Regling, CEO of the EFSF (i.e. European Financial Stability Facility) said during a discussion organized by the Social Policy Association...

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