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China's Wen offers to buy Greek debt

China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the euro zone into crisis and required an international bailout.

Senh: China's buying all this debt. What are they gonna do with them?


Moody's Downgrades Greek Debt to Junk

Moody's Investors Service downgraded Greek debt by four notches to junk status. It follows Standard & Poor's, which put the debt-laden country in the speculative-grade camp almost seven weeks ago.


EU strikes $670 billion crisis deal

EU strikes $670 billion crisis deal

The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the "wolfpack" of financial markets.


IMF approves $40B loan for Greece

The International Monetary Fund on Sunday approved a 30 billion euro ($38.6 billion) loan for Greece as part of a larger European Union-led effort to help ease the country's economic crisis.


Germany tackles Greek debt

Both houses of Parliament approve unpopular financial plan to save Greece from bankruptcy.


Dow plunges 800-plus points, then pulls back

Stocks are plunging as investors give in to fears that Greece's debt problems will spread and halt the global economic recovery.


Euro Slides Again; Wall Street Tumbles

Euro Slides Again; Wall Street Tumbles

European debt problems sent another wave of pessimism through the markets.


Debt Ratings Are Lowered for Portugal and Greece

Debt Ratings Are Lowered for Portugal and Greece

The move by Standard & Poor’s on Tuesday deepened Europe’s debt crisis, and investors sold off government bonds amid fears of a default.


Rift in E.U. Widens Over Importance of Greek Aid

Chancellor Angela Merkel of Germany said that Greece should solve its own problems, ahead of a summit meeting scheduled for Thursday.


Greece must make more cuts, size not yet clear: EU

BRUSSELS (Reuters) - Greece must take additional measures to reach its deficit-cut target of 4 percent of GDP in 2010 but it is not yet clear how far short Athens is with steps announced so far, the European Commission said on Tuesday.


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