France’s push to use more European Central Bank money to fight the euro zone debt crisis ran into strong resistance from Germany and other EU partners on Friday, leaving Paris increasingly isolated before a crucial summit. The rift between Europe’s …
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 talks between European officials and the private …
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 how to avoid triggering credit default swaps written on Greece, and preventing …
