If You Bought Greek Bonds in January You Earned 79%: Euro Credit

If You Bought Greek Bonds in January You Earned 79%: Euro Credit Bloomberg Greek government bonds returned 79 percent this year, compared with 3.7 percent for German bunds and 5.8 percent for Spanish securities, Bank of America Merrill Lynch indexes show. It's the first year since 2009 that investors made money on Greek ...

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Cyprus says suggestions of a haircut on its debt are unfounded

NICOSIA (Reuters) - Cyprus dismissed as unfounded on Thursday any suggestion the IMF is seeking a writedown of the island's debt before it agrees to participate in a multi-billion euro bailout. Finance Minister Vassos Shiarly was responding to a German media report that the International Monetary Fund had advocated a haircut on Cypriot bonds as a condition for IMF participation in an aid programme for the euro zone member, which is heavily exposed to debt-crippled Greece. "It is an unfounded allegation on which I do not wish to comment," Shiarly said. "There is no issue of a haircut. ...

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Greece fuel crisis adds to economic woes

Greece fuel crisis adds to economic woes

Bloomberg


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Published 10:00 pm, Thursday, December 20, 2012

With an economy that has contracted for five years and an unemployment rate at a record 25 percent, residents in northern Greece can't heat their homes.

Kastoria hasn't received funds from the central government to warm schools and the mayor said he will close all 53 of them rather than let children freeze, a step already taken in a nearby town.

Austerity measures have cut government salaries and benefits, raised the retirement age and reduced services.

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Market Vectors' Fran Rodilosso on Greek Upgrade and Corporate Bond ...

Market Vectors' Fran Rodilosso on Greek Upgrade and Corporate Bond ... DailyFinance "Concerns about a 'Grexit' (possible Greek Exit from Eurozone), which flared up in May, interfered with the credit rally that had been under way since Q4 2011," said Rodilosso. "Since then, U.S. elections, the fiscal cliff, and concerns over China's ... and more »

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Greece gets rewarded for fragile recovery

Greece gets rewarded for fragile recovery Business Times (subscription) [ATHENS] Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation's fragile fiscal recovery. A day after ratings agency ...

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TechCrunch Goes To Athens On January 4th To Meet With Greek Geeks

TechCrunch Goes To Athens On January 4th To Meet With Greek Geeks TechCrunch When I left Athens, Greece, over a decade ago startups were definitely not cool. In fact, there were no tech startups at all. Since then a lot has changed. Tech entrepreneurship has become a global thing and, inspired by cultural influences like The ...

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Leading Greek Banks Need Capital Boost

Two of Greece's largest lenders said they will need a capital boost in excess of $17 billion after taking losses from the country's debt restructuring.

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