Greek bailout News

Greece has not triggered a payout on credit default swaps by its recent moves to prepare for a debt restructuring, the International Swaps and Derivatives Association said on Thursday. The ruling means holders of these insurance contracts, worth a net …

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 creditors will begin across the euro …