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Posts Tagged ‘ Greece ’

Sunday Night Futures: Greece and Puerto Rico

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Sunday Night Futures: Greece and Puerto Rico

From the NY Times: Puerto Rico’s Governor Says Island’s Debts Are ‘Not Payable’ Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly billion in debts, an admission that will probably have wide-reaching financial repercussions. And from the WSJ: Greece...
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Report: Greece will not make June IMF Payment

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Report: Greece will not make June IMF Payment

From the WSJ: Greece Won’t Meet IMF Repayments in June, Interior Minister Says Greece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding. Interior Minister Nikos Voutsis told privately owned television...
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German Official: “Small concessions are feasible” for Greece

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German Official: “Small concessions are feasible” for Greece

From Bloomberg: Germany’s Barthle Says ‘Small Concessions’ Possible for Greece “Small concessions are feasible provided they are strictly made within the framework of the second aid program,” said. “For instance, the interest and maturity on loans could be adjusted, as in the case of the first...
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Report on Greece: European Commission said “good progress” was made

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Report on Greece: European Commission said “good progress” was made

From the Financial Times: Troika makes ‘good progress’ on Greek deal The European Commission said “good progress” was made in a teleconference between Athens and negotiators … The full mission is expected to come back to Athens early next week to resume the review … excerpt with permission There will be more details tomorrow,...
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Next Deadline for Greece: Mid-September

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Next Deadline for Greece: Mid-September

I know everyone wants to know the next deadline for Greece.  It looks like mid-September. From the WSJ: Greece Awaits Further Rescue Euro-zone finance ministers … decided they would agree by September on arrangements for a new bailout … German Finance Minister Wolfgang Schäuble said after the teleconference that a new aid package for...
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Greece Update

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Greece Update

Everyone is focused on June 20th when the 17 euro zone ministers will meet in Luxembourg. There is also a meeting on Tuesday this week (June 14th), although there will not be a press conference following the meeting. Someone will probably blink before the 20th. So next Sunday might be the new Monday once...
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Europe Update: Ireland Downgraded, Greece to default?

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Europe Update: Ireland Downgraded, Greece to default?

• Possible Greece default. From Bloomberg: Greece May Need Debt Restructuring, Schaeuble Tells Die Welt German Finance Minister Wolfgang Schaeuble said Greece may have to seek debt restructuring if an audit in June questions its ability to pay creditors, Die Welt reported, citing an interview. Greece would have to negotiate to ease its debt...
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