France, Germany Talk Growth as Greece Teeters
The newly elected French president, Francois Hollande, met with Chancellor Angela Merkel of Germany to discuss the possibility of growth measures as they sought a way out of the Greek debt debacle.
Greek Mandate Still Unfulfilled
Four days after Greek elections that left five anti-bailout parties seated in Parliament, a ruling coalition still has not emerged.
Investors Say No to Greek Bond Restructuring
Investors holding Greek sovereign debt issued under foreign laws and denominated in dollars, euros, Swiss francs and yen said no to a Greek restructuring plan, leaving the country to find another way through its debt maze as it seeks to avoid outright financial collapse.
Greece to Force Cuts on Bondholders
The bill, called Collective Action Clauses, will impose the debt swap of existing bonds for new, lower-value debt with lower coupon rates on Greece's creditors.
Greece Agrees on Sharp Cuts to Clear Way for Bailout
Disagreement over pension cuts had stalled an agreement among Greek leaders on austerity reforms demanded by the troika of the European Union, International Monetary Fund and European Central Bank.
Greek Bailout Drama Drags On
Greece missed yet another deadline on Tuesday, with Prime Minister Lucas Papademos scheduled to meet with party leaders on Wednesday in yet another effort to put the seal on an agreement necessary to secure another bailout package.
Greece Stalls, Germany Pushes for Deal
German Chancellor Angela Merkel says she doen't understand how more delays can help.
Greek Tax Officials Strike
Tax officials in Greece further complicated the country's efforts to cope with its austerity measures in the midst of the debt crisis as they walked off the job on Thursday, shutting down tax offices for the last two working days of the year.
IMF Approves 2.2. Billion Euros in Aid for Greece
Even as the International Monetary Fund approved the release of a new tranche of aid for Greece, its head, Christine Lagarde, said that the nation was in a difficult phase' as its economic reforms were slow to take effect and its growth very weak.
EU to Greece: Put It In Writing
The European Commission ordered Monday that Greece’s new leaders must put in writing their pledge to honor new austerity measures before Athens is given its sixth installment of aid.