Latest Greece Headlines
All the headlines from our Greece Topic Page, ordered by recency.
Allianz: Investors Should Forgive 25-30% of Greek Debt
Jul 18 2011 // German insurer Allianz , owner of the world’s largest bond investor Pimco, favors private investors writing off 25-30 percent of Greece’s debt, company managers were on Monday quoted as saying. Three weeks of...
Head of S&P Germany Rejects Euro Zone Criticism
Jul 14 2011 // Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on Thursday, with its German operations head saying rating agencies would lose credibility if they...
Europe at Impasse on Greece, IMF Backs Investor Role
Jul 14 2011 // The International Monetary Fund joined Germany on Wednesday in pushing for private sector investors [presumably including the EU’s insurers] to help cut Greece’s debt mountain as the euro zone sought to break...
Europe Considers Greek Default Possible; Leaders to Meet
Jul 12 2011 // European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens’ debts and stop contagion to Italy and...
EU Slams Rating Agencies after Portugal Downgrade
Jul 7 2011 // European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody’s downgrade of Portugal’s debt to “junk” cast new doubt on EU efforts to rescue distressed euro...
Portugal Adds to Europe Woes as Banks Meet on Greece
Jul 6 2011 // A credit rating downgrade to Portugal [by Moody’s Investors Services] added to fears Europe’s banks face heavy euro zone losses if a private sector plan to help Greece comes unstuck, piling pressure on...
Accounting Issues Could Stall France’s Greek Debt Plan
Jun 28 2011 // Accounting issues remain a formidable obstacle facing private sector investors currently considering the French banking sector’s plan for restructuring Greek government debt. The plan’s focus was initially on...
Banks, Insurers Move Closer to Deal on Greek Bailout
Jun 24 2011 // Banks and policymakers moved closer to a deal on Friday to help Athens secure funds ahead of a parliamentary vote on austerity next week that Greek Prime Minister George Papandreou must win to avert default. Despite a...
Europe Seeks to Get Insurers, Banks on Board Greek Bailout
Jun 22 2011 // European governments are trying to persuade banks and insurers to share the pain of a second Greek bailout package, in an attempt to avoid market meltdown while keeping taxpayers happy. Talks between governments and...
Bribery Widespread Across Europe’s Top Companies: Survey
May 23 2011 // More than one third of employees at large European companies are prepared to offer cash or lavish gifts and entertainment to win business as the economic downturn prompts firms to cut corners to stay ahead. In its 2011...
Somali Pirates Release Greek-owned Ship; Ransom Paid
Apr 25 2011 // Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom payment, the pirates and a piracy monitoring group said. The pirates said they had released MV Eagle, a 52,163...
Somali Pirates Release 1 Ship; Hijack Another
Jan 18 2011 // Somali pirates hijacked a Greek-owned bulk carrier on Monday after releasing a Greek-owned tanker the day before, the European Union Naval Force said. The cargo ship MV Eagle was hijacked early Monday by pirates who had...
European Union Faces Both a Debt and a Communication Crisis
Nov 24 2010 // The European Union has deployed billions of euros and endless words to try to contain its sovereign debt crisis this year, but poor communication and bad timing have left financial markets unconvinced. The communications...
EU Leaders Meet to Work on Ways to Prevent New Debt Crises
Jun 17 2010 // European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis. Leaders of the 27...
ECB’s Plan to Buy Bonds Risks Making it Europe’s ‘Bad Bank’
May 18 2010 // The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet...
Tardy Greek Debt Bailout Spreads Financial Crisis beyond Europe
May 12 2010 // Last weekend the leaders of the European Union finally realized that their dithering over a financial aid package for Greece had imperiled the entire continent’s financial structure. They acted to stem the tide by...
Somali Pirates Seize Greek-owned Ship in Gulf of Aden
May 12 2010 // Somali pirates have seized a Liberia-flagged and Greek-owned ship with 24 people aboard in the Gulf of Aden, officials said on Wednesday. The ship, managed by Eurobulk Ltd and named Eleni P, was carrying iron and sailing...
‘Shock and Awe’ Halts Euro Market Slide – for Now
May 10 2010 // A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe’s weakest economies can manage their...
EU, IMF Agree on $147 Billion Greece Bailout; PM Warns of ‘Sacrifices’
May 3 2010 // European finance ministers triggered a record €110 billion ($147 billion) bailout for debt-stricken Greece on Sunday, May 2, when Athens committed itself to years of painful austerity. After weeks of tough talk and...
Somali Pirates Release Greek Supertanker for $5.5 Million
Jan 19 2010 // Somali pirates released a Greek supertanker and its crew of 28 on Monday after a rival pirate group attacked the pirates onboard in an unsuccessful attempt to steal the ransom, the spokesman for the European Union’s...
