EU, IMF press Greece on reforms, Rehn upbeat on debt deal

January 27th, 2012 at 06:19pm Under Greek News

ATHENS/DAVOS (Reuters) – The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they sign off on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows. All eyes have been on Athens' tortuous debt exchange talks with its private creditors in recent weeks and a preliminary deal could …

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Investors cue up Portugal as the next Greece

January 27th, 2012 at 12:48pm Under Greek News

LONDON (Reuters) – Investors are betting that after cap-in-hand Greece comes Portugal, selling off its stocks and bonds in the belief that the euro zone laggard cannot avoid a default without a second bailout. While borrowing costs have fallen for debt-ridden Spain and Italy as well as bailed-out Ireland on the back of a huge infusion of low-cost loans from the European Central Bank, Portugal's …

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Greece debt talks 'close to deal'

January 27th, 2012 at 10:46am Under Greek News

Greece could reach a deal with its creditors over the weekend, according to the EU's Economic Commissioner, Olli Rehn.

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Greece to resume talks on debt writedown

January 27th, 2012 at 04:19am Under Greek News

Greece will continue talks Friday with private banks and insurers on hammering out a deal for a major debt writedown to escape a looming default, as "progress" was reported amid mounting pressure.

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Greece, creditors edge closer to deal, talks to continue

January 27th, 2012 at 01:17am Under Greek News

By George Georgiopoulos and Lefteris Papadimas ATHENS (Reuters) – Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue …

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Greece, creditors edge closer to deal

January 26th, 2012 at 11:11pm Under Greek News

ATHENS (Reuters) – Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days. Athens needs a deal quickly to avert a chaotic default when a major bond redemption comes due in March. Greece's creditors are demanding that the European Central …

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Greece resumes talks on debt writedown

January 26th, 2012 at 09:14pm Under Greek News

Greece resumed talks Thursday with banks and insurers on an elusive deal for a major debt writedown to escape looming default and made some "progress" amid mounting pressure to clinch an agreement.

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Debt-relief talks restart in Greece

January 26th, 2012 at 07:39pm Under Greek News

Greece's prime minister resumed talks late Thursday with top bank negotiators to try and overcome obstacles to a major debt-relief deal needed to avoid bankruptcy.

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Greece ETF Up 20% in January

January 26th, 2012 at 07:37pm Under Greek News

Don’t look now but the new exchange traded fund for Greece is up 20% so far this year.Of course, the bounce follows a brutal prolonged decline for the Greek market and certainly doesn’t signal the country’s …

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Greece in race against the clock

January 26th, 2012 at 12:33pm Under Greek News

Greece resumes tortuous negotiations on a debt swap with private creditors in Athens today, with the European Central Bank thrown into the mix after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take losses too

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