Greek Haircut
Economy
International News Media Report on New Greek Haircut
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...
Economy
Bloomberg: ECB Says "No" to Haircut on its Own Greek Debt
The European Central Bank remains firmly opposed to any restructuring of its Greek bond holdings, as the debt was acquired for monetary policy purposes, according to Bloomberg, citing two people familiar with the Governing Council’s stance.
While the ECB faces...
Cyprus
Greek Haircut Was a "Terrible Mistake" – ECB's Orphanides Says
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...
Economy
French Fin Min: Merkel, Sarkozy To Announce New Greek Haircut On Oct 23
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...
Economy
Weidmann Not Ruling Out Greek Haircut
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...