PSI

"For the first time we will have one-speed pensioners," Greek Labor Minister George Katrougalos said on Friday in a press conference on social security reforms. He added that the Memorandum along with the peculiarities of the system and the PSI are...

Defunct Cypriot bank Marfin Popular has resorted to the International Center for Settlement of Investment Disputes (ICSID) to seek damages of more than 4 billion euros from Greece over losses from the PSI debt restructuring in 2012. The story appeared...

If Greece doesn't pay the upcoming International Monetary Fund installment of 458 million euros due on April 9, a chain of unpleasant events will follow, says a Bank of America report. However, Greece will not go bankrupt in April. The IMF will...

PASOK Socialist leader Evangelos Venizelos’ characterization of protesters upset with bond losses he imposed on them as “fascist-like,” drew a sharp rebuke from the right-wing Independent Greeks party ahead of the May 25 elections for Greek municipalities and the...

During Greece’s Council of State  plenary session, it was concluded that the haircut (PSI) of the Greek State’s bonds is constitutional, lawful and in accordance with the European Court of Human Rights (ECHR). The bond haircut was a move...

For the first time since the end of 2009 the spread of Greek bonds, especially decade-bonds ending in 2023 reached 500 points. This means that their yield is 6.6%. The purchase of Greek bonds by foreigners has been moving at...

Greece will use more than half of an incoming loan installment of 4 billion euros ($5.27 billion) from the Eurozone to give back to investors and banks who hold Greek bonds instead of using it for social services, in...

New Cypriot President Nicos Anastasiades of Cyprus, during a vist to Athens on March 11, will reportedly ask Greek Prime Minister Antonis Samaras to fork over 2 billion euros ($2.6 billion) from its bank recapitalization funds to help pay...

The world was supposed to end in 2012 – on Dec. 21 for you Mayan calendar believers and doomsday cultists – and for many Greeks it seemed like it did. Like the Flogging Molly song, it was the worst...

The Greek government will exempt the country’s struggling banks from a plan to use 10 billion euros ($12.9 billion) to buy back its bonds from investors at a big discount in a bid to write down debt by 20...