Greece must respect its commitments, Commission says (Adds more quotes, background)
05/10/2012
— Filed under: Politics
Tags: EU Commission, euro zone, Greece
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The taxpayer-funded European Investment Bank has started including a new legal clause in its contracts with Greek companies that allows them to repay euro loans in a different currency.
04/21/2012
— Filed under: Finance
Tags: currency, firms, Greece
Montreal resident and recent McGill University graduate in political science, with a background in political economy. He works in banking as a credit adjudicator.
02/6/2012
— Filed under: Politics
Tags: Greece, monetary policy
Germany’s Wolfgang Schäuble is entering into ever more dangerous waters.
Greek investors will need time to review settlement details and make decisions as a debt swap takes shape along with a second rescue package for the country, the European Union said.
01/27/2012
— Filed under: Finance,Politics
Tags: bond, Greece, investors
Greece needs about an extra 15 billion euros to get its debt down to manageable levels — and the rest of 17-country eurozone is being asked to help foot the bill.
01/17/2012
— Filed under: Finance
Tags: EU, Greece, inbestors
European finance ministers on Tuesday ordered Greece and Spain to swiftly get debts under control as a recession threatened to undermine efforts to end a two-year crisis.
01/1/2012
— Filed under: Finance,Politics
Tags: debt, Greece, Spain
Greece must improve the competitiveness of its damaged economy if it is to remain in the euro zone, a top European official said on Wednesday.
Greece’s deepening recession will probably scuttle its 2011 deficit targets and mean no growth next year, the country’s finance minister said, as European Union and International Monetary Fund officials suspended a review to allow Athens to work on measures to boost growth.
08/20/2011
— Filed under: Finance
Tags: economy, European Central Bank, Greece
On July 21, EU leaders, the European Central Bank and the International Monetary Fund agreed on a second rescue package for Greece, one they hoped would put the country in a position to come to grips with its debts. As they agreed, fears were already growing over Spain and Italy, which a few weeks later required the ECB to step into the market and start buying the bonds of both countries.
