Globe and MailS&P Boosts Greece RatingFox BusinessStandard & Poor's raised Greece's credit rating out of default territory on Wednesday, as expected after Athens slashed its debt by about a third by completing the biggest sovereign debt…
January 10, 2012
Hedge Funds the Winners if Greek Bailout Arrives
By LANDON THOMAS Jr.
LONDON — Could Greece’s next rescue payout go straight into the pockets of London hedge funds?
That, more or less, is the bet that a growing number of inves…
Greek opposition refuses to join coalition
By Kerin Hope in Athens
George Papandreou’s chances of putting together a strong coalition government that could persuade international lenders to unblock fresh funding for Greece have faded after the conse…
Associated Press
Greek debt haircut seen exceeding 60 percent
By GEORGE JAHN and ELENA BECATOROS , 10.11.11, 06:21 AM EDT
VIENNA — Greece’s bondholders may have to settle for a cut of more than 60 percent in what Athens owes them, the head of the e…
(When will Germany finally pull the plug? This weekend?)
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Greek Recession Deepens, Complicating Its Deficit Reduction
Posted Friday, September 2nd, 2011 at 9:50 am
Greece says its recessionary economy…
Market Watch link
Excerpt:
LONDON (MarketWatch) — Moody’s Investors Service cut Greece’s sovereign debt rating Monday by three notches, to B1, infuriating the Greek government and sideswiping the euro amid renewed worries about the ability of G…
“I Won’t Pay” movement grips debt-ridden Greece
“The people have paid already through their taxes, so they should be able to travel for free,” said Konstantinos Thimianos, 36, an activist standing at the metro picket line in central Syntagma Square.
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This week we finally got to see what happens in the market when the Fed stops propping in the midst of a year long liquidity…