Economy, Greece Debt Crisis | featured news

Budget breather for Greece would spur economic recovery: report

Greece Bailout

Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit, a Greek newspaper reported on Saturday.

 

Greece Plans Large Debt Auction Tuesday

Starved of financing options, Greece will offer an unusually large amount of treasury bills next week so it can meet looming redemptions and fund its cash needs .

 

Failure of Greek debt deal could cost $1 trillion

Decision day for the Greek debt crisis is drawing near, and insiders are predicting that if things go awry it could cost the world economy $1 trillion.

 

Papandreou says new interim government will secure debt deal

Greek PM George Papandreou says an agreement has been reached on the creation of an interim government that will secure the new debt deal.

 

Greece to miss deficit targets despite austerity

Greece to miss deficit targets despite austerity

Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

 

Stocks fall as Greek debt woes persist

Stocks fall as Greek debt woes persist

Stocks are tumbling as investors worry that Greece won't qualify for a new installment of emergency funds in time to avoid defaulting on its debt.

 

France Vows 'Whatever it Takes' to Rescue Greece

France Vows 'Whatever it Takes' to Rescue Greece

France is ready to do whatever it takes to rescue Greece, the government said, and urged the debt-laden euro-zone member to swiftly implement the July 21 plan to prevent bankruptcy.

 

Greek Default Fears Spoil The Fun And Send Global Equities Plummeting

Greek Default Fears Spoil The Fun And Send Global Equities Plummeting

After a series of positive announcement from Greek FinMin Venizelos, rumors that Moody's would downgrade French banks and Germany was preparing for a Greece to default send equities tanking, particularly French banks.

 

Emergency session held to rescue Greece from debt

European leaders are holding an emergency summit on Greece's debt crisis, trying to prevent a meltdown for the euro and a global economic slump.

 

Greek debt cut won't solve problem: ECB's Weidmann

Cutting Greece's debt will not solve the country's problems, ECB policymaker Jens Weidmann was quoted as saying on Sunday, adding Athens needed to raise its productivity instead.

 

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