| Greek bond rates soar |
| Greek Banks Grapple With Deposit Outflows Wall Street Journal In addition, many Greek households, under financial pressure, simply need their cash reserves to make ends meet. Economists say there are signs that bank deposits have stabilized in recent weeks, following the latest European bailout deal for Greece ... See all stories on this topic » |
Patch.com
Taste of Greece Festival, in its seventh year, comes to Nativity of the Virgin Mary Greek Orthodox Church this weekend. By Steven Hartman A photo from last year's Taste of Greece Festival. This year's festival begins Friday and runs through Sunday. ...
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| From green to red: is Credit Crunch 2.0 imminent? ABC Online Compounding the problem is Greece's fall in Gross Domestic Production ("GDP") was worse than forecast, even before the latest austerity measures become effective. TheGreek economy has shrunk by around 15 per cent since the crisis began. ... See all stories on this topic » |  ABC Online |
CNBC.com
Given that the yields on Greek debt are so high, this defeats the purpose of the bailout. “Compounding the problem is Greece's fall in gross domestic production (GDP) was worse than forecast, even before the latest austerity measures become effective,” ...
See all stories on this topic »Global core bonds recovered some of Wednesday's sell-off losses
FXstreet.com
On top, sources report that banks so far have committed only 50% (vs 90% targeted) of Greece'sdebt to the private sector to the bond swap deal crucial to the new rescue package. The IIF was hoping for a deal by mid-August but the Greek government now ...
See all stories on this topic »Finland MOF Official: Finnish-Greek Cash Collateral Deal Off
Wall Street Journal
... Finnish-Greek cash collateral deal, so now we have to try and find a collateral solution suitable for all euro countries," Hirvola told Dow Jones Newswires. "A collateral is of course a precondition for Finland in order to be involved in the Greece ...
See all stories on this topic »EURO GOVT-Bunds steady as markets focus on Bernanke
Reuters
The debt crisis remained a key factor underpinning Bunds, with the latest row over Finland's demand for collateral to back its contribution to Greece's second bailout keeping investors on edge andGreek debt under pressure. ...
See all stories on this topic »What's propping up the euro?
Investors Chronicle
Had Greece been outside the euro and borrowed from the International Monetary Fund, for example, one of the consequences of a bailout would have been to allow the Greek currency to depreciate in order to boost competitiveness, much in the same way that ...
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| Malaria hits Greece Healthcare Today However, the HPA is advising travellers to Greece to take more precautions against insect bites after cases of malaria as a result of local transmission. Greek authorities have set up enhanced surveillance of malaria in the districts of Laconia in the ... See all stories on this topic » |  Healthcare Today |
EurActiv
Indebted Greece is also edging closer to a deal with Switzerland similar to those of Britain and Germany. Greek Finance Minister Evangelos Venizelos said earlier this year that Greece nowwants to negotiate a withholding tax with Switzerland. ...
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| Markets: Independent News and Media reports dip in revenues/ H1 2011 loss ... FinFacts Ireland In this context, the FT reports this morning that euro-zone finance ministry officials will discuss options for moving forward later today. It is reported that Germany will reject the collateral deal struck between Greece and Finland. ... See all stories on this topic » |  FinFacts Ireland |
| Finnish-Greek guarantee deal off YLE News Finance Minister Jutta Urpilainen said on Thursday that the bilateral cash collateral deal between Finland and Greece was off the table. The aim now is to find a common eurozone guarantee arrangement for participation in the Greek bailout, ... See all stories on this topic » |  YLE News |
FXstreet.com
WL * 26 Aug 11: 02:25 GMT (SGA) - FX NOW! USD/CHF, EUR/USD FLOWS - WSJ: Bailout forGreece Falters Over Demand for Collateral Concerns over new Greek bailout over collateral issues could undermine EUR again as it threatens to drag on. ...
See all stories on this topic »Euro-Crisis Side Effect: Your Prime Money Market Fund Could Break The Buck
Forbes
Let's pretend that Greece is insolvent (we may not actually have to pretend about that). Let's further pretend that German and French banks are significant holders of Greek government debt (oops, that's factually accurate as well). Now, here's the ...
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| Markets eye Bernanke, European crisis CBC.ca But profit-taking and higher margin requirements at exchange operator CME Group have pushed gold down more than nine per cent below Monday's latest record close. Concerns that a second bailout for Greece could fall apart pushed up Greek bond yields and ... See all stories on this topic » |  CBC.ca |
Reuters
He said the EU had to stand by Greece in the debt crisis and took aim at Germany's decision to abstain in a UN Security Council vote authorising military action to enforce a no-fly zone over Libya earlier this year. He also suggested that Germany was ...
See all stories on this topic »Confidence Crisis After Buffett Buoyancy Ignites Bonds
Forbes
It signed an agreement with Greece, which would require ratification by 15 other member nations before Athens could receive its second round of bailout assistance. Onlookers correctly point to an increased risk of Greek default, while the ECB now ...
See all stories on this topic »How to value a Greek bond like a CDO, part two
FT Alphaville (blog)
For example, RBS wrote down its Greek bonds to market values of around 50 per cent less than face value. Importantly however – it added that it could write back value depending on participation inGreece's bond swap. Remember this swap is supposed to ...
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| 'Europe's Financial System Is Insolvent' CNBC.com Take, for example "this Greek-Finland fiasco," said Minerd. Earlier this week, Finnish Prime Minister Jyki Katainen said the country could withdraw from Greece's bailout program if it is not granted collateral for its loans. ... See all stories on this topic » |  CNBC.com |
| Europe Braces for a Shift in the Arts New York Times Outside the Greek Parliament, the police, brandishing shields, confront screaming protesters. Tens of thousands camped in Madrid's Puerta del Sol square demonstrate against the soaring unemployment rate. The latest on the arts, coverage of live events,... See all stories on this topic » |  New York Times |
Barrington Courier-Review
That authentically Greek, leisurely family style is what Giannakopoulos sought to recreate in his traditional Greek eatery, a home-away-from-home that he built from scratch in Barrington and named Kyriaki, or “Sunday,” after his church and his favorite ...
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| Catholics and Evangelicals Vie for No. 1 Religion in US The Spiritual Herald Many immigrants are expected to come from Greece, although its people are mostlyGreek Orthodox. The exploding immigration in the nation is no longer only Catholic, however, as many faiths, especially Evangelicals and Pentecostals, Muslims, ... See all stories on this topic » |  The Spiritual Herald |
FXstreet.com
Greek bond yields have hit fresh record highs. The 10-year bond spread with Germany rose to a fresh record, and one year bonds are yielding more than 50 per cent. Greece's next tranche of bailout funds come due next month; however member states are ...
See all stories on this topic »(Currency) markets spooked by 'wild' rumorus
FXstreet.com
There was of course the usual noise on Greece, Greek bond yields and on all kinds of pending issues on the implementation of the decisions of the July 21 EU summit. However, they were of no relevance for EUR/USD trading. ...
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| Euro worries slam stocks; Buffett invests in BofA MSN Money Concerns that the latest bailout for Greece could unravel pushed interest rates onGreek 10-year bonds to record highs today. The 10-year bond yield climbed above 18%. The Greek government's cost of borrowing money for 10 years is now 16 percentage ... See all stories on this topic » |  MSN Money |
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