Skip to Content

sovereign debt crisis

Send by emailSend by email PDF versionPDF version

Fresh Uncertainty Over Greek Debt Devaluation Deal

Thu, 27/10/2011 - 08:41 — Sarah Fenwick

50% greek haircutEurozone finance ministers, the ECB and IMF have reached an agreement to devalue Greek sovereign debt by 50 percent and to recapitalise banks via the European Financial Stability Fund (EFSF), as expected by financial markets.

EU Bail-out Fund Leverage Up To 1 Trillion - Reports

Tue, 25/10/2011 - 09:28 — Sarah Fenwick

EFSFGerman Chancellor Angela Merkel is set to impose a Greek sovereign debt devaluation of 60 percent and to allow leverage of up to one trillion euros on the European Financial Stability Facility (EFSF), says a report on FXStreet.com citing leaked information.

Limits of Austerity in Greece, 'Something Will Snap'

Thu, 20/10/2011 - 13:05 — Sarah Fenwick

syntagma squareLIMASSOL - These are dark times for the eurozone, particularly for Greece which is undergoing tough economic reforms, and there is only so far that a population can tighten its belt before something snaps, said Alan Wheatley, Thomson Reuters' global economics correspondent.

Cyprus Banks Can Take 50% Greece Debt Haircut, Not More

Wed, 19/10/2011 - 16:30 — Sarah Fenwick

cyprus banksCypriot banks would be able to handle a 50 percent devaluation of its Greek bonds, but could not handle a haircut of over 50-60 percent, said Marfin Popular Bank CEO Efthimios Bouloutas speaking at IMH's 2nd Limassol Economic Forum.

Saving the Cyprus Economy - Zenios

Wed, 19/10/2011 - 16:07 — Sarah Fenwick

"I do not know how, and anyone who says they do know is lying," is how Dr. Stavros Zenios started his speech on the topic of saving Cyprus' economy at IMH's 2nd Limassol Economic Forum, basically saying what's on everyone's mind but no one wants to put into words.

Emerging Markets To Drive World Economy - Yueh

Wed, 19/10/2011 - 15:31 — Sarah Fenwick

linda yueh imh limassol forumEmerging markets will drive global economic growth in the coming years amid stagnation in the EU and other developed markets, said economist and Bloomberg correspondent Dr. Linda Yueh speaking at IMH's 2nd Limassol Economic Forum.

Syndicate content

Poll

Do you think Cyprus should leave the euro and return to the pound?:
Theme by Dr. Radut.