Greek Prime Minister Names Rival to Finance Ministry
In the course of shuffling his Cabinet on Friday, Greece's Prime Minister George Papandreou sacrificed his finance minister, George Papaconstantinou. In Papaconstantinou's place the prime minister appointed his own chief rival in the Socialist Party, Defense Minister Evangelos Venizelos.
Latest Greece Downgrade Brings Country in Line With Belarus
Comparison to Cold War stalwart does little to reassure foreign investors.
Greece Says No to Restructuring Debt
A year and a day ago, Greece received a bailout from the EU and the IMF, and since that time the cost of borrowing money has risen steadily for Athens, with the yields on 10-year bonds standing currently at 15.5%—almost 12% higher than the yield on equivalent German Bunds.
Bonds Still Spell Trouble for Ireland, Greece
Irish bonds fell Friday when Allied Irish Banks PLC announced that deposits had dropped 17% during the crisis. As the European Union (EU), International Monetary Fund...