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Greece will need more debt restructuring

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.

 

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.

 

A Small Country — Finland — Casts Doubt on Aid for Greece

A Small Country — Finland — Casts Doubt on Aid for Greece

By insisting that it receive collateral from Greece in return for aid, Finland threatens to upend an agreement that euro zone countries made in July to expand the E.U. bailout fund.

 

Fitch downgrades Greece on lack of funding program

Fitch Ratings on Wednesday downgraded Greece deeper into junk territory, citing the absence of a new and fully funded financing program for the country.

 

IMF approves 3.2 billion euro loan tranche for Greece

The International Monetary Fund's executive board on Friday said it approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month.

 

Wall Street Helped to Mask Debts Shaking Europe

Wall Street Helped to Mask Debts Shaking Europe

Wall Street did not create Europe’s debt problem, but bankers enabled Greece and others to borrow beyond their means, in deals that were perfectly legal.

 

Europe Closing In on Plan to Avert Greek Debt Crisis

European leaders were close to agreement on measures aimed at persuading jittery investors that Greece will not be allowed to default.

 

After Mon. dip, Dow ends day back over 10K

The Dow Jones industrial average jumped back above 10,000 on hope that the European Union will help Greece manage its growing debt burden.

 

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