Greek
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Greek PM says 50 percent haircut means debt now sustainable
IP is over the quota IP is over the quota BRUSSELS (Reuters) – A deal that imposes 50 percent losses on private sector bondholders means Greece’s debt burden will be sustainable, Greek Prime Minister George Papandreou said on Thursday.Greece will produce no more primary budget deficits from next year, but some of the country’s banks [...]
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Greek bank stocks plunge 13 percent on haircut fears
AppId is over the quota AppId is over the quota ATHENS (Reuters) – Greek bank shares shed more than 13 percent on Monday on fears that a deeper markdown on Greek government bonds held by the private sector would force lenders to seek state support to recapitalize.“Talk of haircuts ranging from 40 to 50 percent [...]
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Euro zone strikes deal on second Greek package
IP is over the quota IP is over the quota BRUSSELS (Reuters) – Euro zone leaders struck a deal with private banks and insurers on Thursday for them to accept a 50 percent loss on their Greek government bonds under a plan to lower Greece’s debt burden and try to contain the two-year-old euro zone [...]
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French, German disagreement endangers Greek deal
AppId is over the quota AppId is over the quota BRUSSELS (AP) — Disagreement between France and Germany may prevent eurozone leaders from reaching a crucial deal on a second rescue package for Greece this weekend, a person familiar with the negotiations said Tuesday.A common position of the two biggest eurozone economies is seen as [...]