Bonds sink ahead of tough negotiations over pension reform Government wants speedy end to bailout review with creditors Prime Minister Alexis Tsipras is marking the one-year anniversary of his ... Read More
The Bank of Greece had taken measures to prevent clandestine plans to introduce a parallel currency to the euro last summer if negotiations with creditors failed, Governor Yannis Stournaras ... Read More
After securing an agreement with representatives of Greece’s international creditors on Tuesday, Greek Prime Minister Alexis Tsipras must now consider how to push the deal through Parliament as efficiently ... Read More
International creditors on Wednesday rejected the Greek government’s plan to end its financial crisis, but they have submitted counterproposals. News of the rejection, announced by Greek Prime Minister Alexis ... Read More
Representatives of Greece‘s lenders were finalizing a set of proposed reforms for Greece on Tuesday, aimed at breaking an impasse in negotiations and allowing crucial rescue loans to be ... Read More
Greek Prime Minister Alexis Tsipras said Wednesday that a deal with creditors was “close” and government officials said an agreement was being drafted but representatives of the country’s creditors ... Read More
Government officials on Monday expressed confidence that Greece was close to a deal with creditors that would allow loans to be unlocked but pressure is growing on Prime Minister ... Read More
Senior official lays blame on disagreements between EU and IMF as economic growth rate forecasts are slashed Greece’s government has blasted its creditors for holding back progress on bailout ... Read More
Momentive Performance Materials Inc. is set to face court rulings on its bankruptcy plan, including on a proposal to withhold some payments for unpaid interest that has senior lenders ... Read More
Like individuals, corporations, and other private firms that rely on bankruptcy procedures to reduce an excessive debt burden, countries sometimes need orderly debt restructuring or reduction. But the ongoing ... Read More
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