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Tag Archives: IMF
Greek strikers march on parliament against cuts
ATHENS, May 20 (Reuters) – Thousands of striking Greeks marched on parliament on Thursday, in a test of the government’s resolve to implement tough austerity measures demanded by the EU and IMF to drag Greece out of its debt crisis. The strength of the march will indicate whether anger against the government’s wage cuts, tax [...]
Posted in Bond Markets, Business, Greece, Solid Principles
Tagged as: EU, Greece, Greek Debt Crisis, IMF, Reuters
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Crisis Deepens; Chaos Grips Greece
ATHENS—Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies. U.S. Treasury officials have been quietly urging their European and International Monetary [...]
Posted in Bond Markets, Business, Foreign Policy, Greece, IMF, Solid Principles, Wall Street, Wall Street Journal
Tagged as: Egypt, France, Germany, Greece, Greece Debt Crisis, IMF, Russia, Spain, WSJ
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Greece Agrees to New Austerity Moves
ATHENS—Greece has agreed with the International Monetary Fund and the European Union to take additional austerity measures expected to yield “around €23 billion” ($30 billion) as a precondition for financial assistance, a Greek official familiar with the talks on aid said. “We have basically agreed, and as it stands now announcements will come during the [...]
Posted in Bond Markets, Business, Greece, Solid Principles, Wall Street, Wall Street Journal
Tagged as: EU, European Central Bank, European Commission, Greece, Greek Debt Crisis, IMF
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EU Sees Wider Greek Deficit, Roiling Markets
Bonds Fall as Investors View Bailout and Default as Givens By CHARLES FORELLE BRUSSELS—New figures revealed that Greece’s debt crisis is even worse than investors believed, delivering a fresh shock to European markets and all but ensuring that the International Monetary Fund and euro-zone countries will have to step in within weeks to bail out [...]
Posted in Bond Markets, Business, Euro Zone, Greece, IMF, Solid Principles, Wall Street Journal
Tagged as: Athens, Bailouts, BNP Paribas, Euro Zone, European Commission, European Markets, Greece, Greek Debt, IMF, Investors, Moody's, Portugal, Spain, WSJ
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Wall Street Leaves Pakistan’s Financial Capital
By: TOM WRIGHT Three Wall Street banks have abandoned their brokerage operations in Pakistan amid the nation’s bleak economic situation. Citigroup’s Citibank shuttered its equity research office in Karachi, the nation’s financial capital, in March. Credit Suisse Group closed its research operations in the same city earlier this year. That follows JPMorgan Chase’s decision in [...]
Greek bonds plunge on continued debt worries
Officials deny seeking IMF bypass; Germany at odds over borrowing costs: reports By: William Watts LONDON (MarketWatch) – Greek government bonds fell sharply Tuesday amid renewed worries over the details of a standby aid program approved last month by euro-zone leaders. The euro also came under heavy pressure, sinking 0.8% versus the dollar to $1.3379 and [...]
Posted in Bond Markets, Business, Solid Principles
Tagged as: Bond Market, Dow Jones Newswires, EU, Euro Zone, Germany, Government Bonds, Greece, IMF, PM George Papandreou
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