Greece Will Need More Debt Restructuring

Reuters: Top News, Reuters
Tue, 07/24/2012 - 8:46am

BRUSSELS (Reuters) - Greece is unlikely to be able to pay what it owes and further debt restructuring is likely to be necessary, three EU officials said on Tuesday, a cost that would have to fall on the European Central Bank and euro zone governments.

Sections: news world business

Topics: debt euro zone europe europe debt europe debt crisis european central bank greece greece debt greece debt crisis

Spain education sector hit by strike against cuts
Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
In Germany, a U.S. beer invasion
Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
Cyprus parliament approves bailout
Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
Baby food shortage in Europe due to China demand
Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
Swedish police find drugs on Bieber tour bus
The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More

Place your ad here
Loading...

BING NEWS:

The Greek State “exits” to the markets with a 10-year bond
The Greek government is set to make its first market exit with a 10-year bond later this week. As the Public Debt Management Organization announced a short while ago, the bond auction (reissue) ...
01/13/2025 - 12:00 am | View Link
Greece's Debt Agency Cancels Bond Auction on Jan 15 Due to Upcoming Bond Syndication
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
01/12/2025 - 11:16 pm | View Link
More

Comment On This Story

More Movie News

More News

Labor Department puts spotlight on child labor in slaughterhouses with 3 settlements this week
Denver Post, Thursday - 01/16/2025 - 06:49 PM
OMAHA, Neb. — The problem of kids working in dangerous slaughterhouses continues to be a concern as the Labor Department announced its third agreement this week with a company in the industry agreeing to pay a penalty and reform its practices to help ensure it won’t hire underage workers again. On Thursday, the Department said investigators found that another slaughterhouse cleaning company called QSI had employed 54 children at 13 meatpacking plants in eight states on overnight shifts sanitizing the industrial carving and slicing machines companies use to produce beef and chicken between 2021 and 2024.
More | Talk | Read It Later | Share
'Deadpool' is getting dragged into Justin Baldoni's legal battle against Blake Lively and Ryan Reynolds. Here's why.
Business Insider, Thursday - 01/16/2025 - 06:04 PM
Ryan Reynolds as Nicepool, Reynolds as Deadpool, and Hugh Jackman as Wolverine in "Deadpool & Wolverine."Marvel StudiosJustin Baldoni's new lawsuit against Blake Lively references Ryan Reynolds' "Deadpool" franchise. The suit compares reported creative differences on "Deadpool 2" to Lively's battles with Baldoni on "It Ends with Us."Baldoni also recently claimed that the "Deadpool & Wolverine" character Nicepool was created to mock him.
More | Talk | Read It Later | Share
Trump's attorney general pick owned at least $3.9 million in Truth Social stock and made $1 million as a lobbyist last year
Business Insider, Thursday - 01/16/2025 - 05:36 PM
Pam Bondi, Trump's nominee to lead the Department of Justice. Chip Somodevilla/Getty ImagesPam Bondi owned $3.9 million in Truth Social stock as of mid-December, per financial documents. She also earned more than $1 million last year from lobbying. Her total net worth in December was more than $12.1 million. President-Elect Donald Trump's nominee to be the next attorney general of the United States, Pam Bondi, disclosed owning more than $3.9 million in stock in Trump's "Truth Social" platform in December.
More | Talk | Read It Later | Share
Meta could rake in billions in ad dollars if TikTok is banned
Business Insider, Thursday - 01/16/2025 - 05:14 PM
Meta slashed its DEI team in January. Fabrice COFFRINI/AFP/Getty ImagesA TikTok ban could happen as early as January 19. A ban could mean the migration of users — and billions of ad dollars — to competitors. Meta could gain up to $3.38 billion solely through freed up ad revenue, eMarketer estimated.
More | Talk | Read It Later | Share
Biden's final student-loan forgiveness action has arrived
Business Insider, Thursday - 01/16/2025 - 04:46 PM
President Joe Biden announced his final student-loan forgiveness action. Alex Wong/Getty ImagesBiden announced an additional $600 million in student-loan forgiveness. The relief impacts defrauded borrowers and borrowers on income-based repayment plans. This marks Biden's final student-loan forgiveness action before he leaves the White House. Student-loan forgiveness under President Joe Biden has officially reached the end of the road.
More | Talk | Read It Later | Share

Greece Will Need More Debt Restructuring

Comment On This Story

Welcome to Wopular

MoviesWithButter : Our Sister Site

More News