EU Hints Greek Bondholders May Get Stung With Sharper Losses
Those institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europe’s ongoing debt crisis.
Bond Selloff Sparks Italy's Plea for Euro Zone Help
Italy looked to the euro zone for political help on Wednesday as its bonds were hammered in the midst of a huge selloff.
Euro Crisis Spreads as Italian, Spanish Debt Yields Pass 6%
The massive size of Italian and Spanish debt in comparison to that of Greece, Portugal and Ireland imparts global economic significance to Tuesday's bond market news.
Euro Zone Pledges Help for Greece, But Sets No Timetable
Euro zone ministers discuss ways to help Greece out of its debt crisis as fears mount of the spread of problems to Italy and Spain.
EU Calls Emergency Meeting Over Italy Debt
Concerns mount over third largest economy in euro zone's sovereign debt while Greece still totters.
S&P Warns France's Greek Debt Plan Is 'Selective Default'
Standard & Poor's on Monday warned that if the French plan to roll over Greek debt is adopted it would probably lead to a "selective default" rating because it would lead to losses for bondholders.
IMF Warns Greece: Reform or Restructure
According to an IMF envoy monitoring Greece’s progress in implementing reforms to drive down its debt, those reforms aren’t coming fast enough and that could have dire consequences for Athens.
EU Says Greek Restructuring Possible
This was the first official acknowledgment that such an action might occur, and it was met with swift resistance from other euro zone officials. The effect on European banks and the European Central Bank (ECB), which all hold substantial amounts of Greek debt, would be huge. American banks also hold...
EU May Lower Bailout Rates
The European Union is considering lowering the interest rates on bailout loans for both Greece and Ireland, and is also putting together a second rescue package for Greece in an effort to stave off debt restructuring.
Greece Still Pushing for Euro Bonds
Greece’s Prime Minister George Papandreou said Friday that, despite Germany’s opposition to the proposal, Athens was still seeking support for common euro zone bonds.