Greek banks, Dexia, ready to roll over
Greek banks are ready to take part in a voluntary rollover of the country's debt, the country's finance minister has said. And the Franco-Belgian banking group Dexia looks set to join the list of financials prepared to play ball.
Source: Ireland Business World
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Arab stocks suffer from Greek and Italian debt debacle
AMMAN: Arab stock markets lost ground last week as investors came under negative impact from global recovery worries, Europe's debt ordeal and the persistent political turmoil in the Middle East, financial...
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Bernanke: Fed ready if economy worsens
WASHINGTON — Federal Reserve Chairman Ben Bernanke told lawmakers Wednesday the Fed is ready to act if the economy gets weaker. He warned them that allowing the nation to default on its debt would...
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Venizelos to call for investors to buy Greek assets
Finance Minister Evangelos Venizelos is expected to send letters to the eurozone governments on Wednesday to set out Greece’s plans for its privatization program, ahead of a European Union leaders...
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EFSF established as Malta reduces its exposure to Greek bailout
Malta yesterday drastically reduced its exposure to the Greek bailout by approving the setting up of the European Financial Stability Facility ( EFSF ) mechanism, which replaces the emergency bilateral...
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Eurozone opens door to buyback of Greek bonds
Eurozone finance ministers opened the door to using the currency union's bailout fund to buy up distressed Greek bonds, thereby cutting the country's overall debt load as they scrambled to stop ...
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Difficult talks on banks' role in second Greek rescue may spoil eurozone summer
BRUSSELS - The eurozone's hope that it could enjoy a summer lull in its crisis has vanished as quickly as it appeared. Last week, it seemed all sides would get a time out. Greece had avoided a default...
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Pranab urges banks, FI to meet targets
New Delhi, July 9: Union Finance Minister Pranab Mukherjee has urged all Public Sector Banks and Financial Institutions to exert themselves in containing the downward trend of asset quality by devising...