Greece Gets Two More Years to Hit Deficit Targets
International Monetary Fund Director Christine Lagarde protested the extension of the deadline for Greece to cut its debt to a “sustainable” level to 2022, saying that the target date “has to be 2020.”
Fear and Yogurt in Greece: Where to Invest Now That Votes Are Cast
Greece’s election results are in, and now investors are voting on where they want to put their money. Here's advice from PIMCO's Bill Gross, Wells Fargo and more.
Greece’s Creditors Resist IMF Push for Bigger Losses
Greece’s creditors are pushing back against an IMF drive to get them to accept larger losses on the country’s sovereign debt, with one Madrid-based hedge fund pulling out of the debt swap talks over the matter.
Europe in Disarray as Contagion Spreads
As both Italy and Greece fumbled with successor governments, worries over officials’ failure to find a solution to the debt crisis spread contagion to Italy, where bond yields broke records.
U.S. Jobs Report Looks Good but Greece Fears Weigh on Markets
An encouraging U.S. jobs report was not enough to give the markets a lift on Friday as worries about Greece’s debt crisis continued to weigh on sentiment.
Greece Verges on Collapse After Call for Bailout Referendum
Not just leaders of the eurozone, but markets were stunned by the news; Greek prime minister did not notify policymakers before the announcement.
Ireland Sees Opportunity in Greek Solution
The deal brokered by the euro zone nations to save Greece from default has opened a window of opportunity for Ireland in which Dublin may seek relief for its own wounded economy.
The 50% Solution: Greek Rescue
The solution entails a 50% write-down of Greek debt by banks, a boost in the euro zone’s rescue fund to $1.4 trillion and a substantial recapitalization of banks.
Soros Lists ‘3 Bold Steps’ for Avoiding Global Depression
Blame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.
Greek Debt Swap Feared Short of Goal
Banks and insurers, who were supposed to declare Friday whether they would join the bond exchange that was a condition of a second bailout for Greece, were slow to declare themselves, and a shortfall was feared at midday.