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Greek Crisis

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  1. European Debt Crisis
  2. Crisis in Cyprus
  3. Greek Devaluation
  4. Bank Tax
  5. Euro Breakup
  6. Catherine Ashton
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IMF: Don't See Any New Official Sector Greek Debt Restructuring Now

Potential negotiations to restructure European holdings of Greek government debt won't come until after details about Athens's 2013-2014 budget are known, an International Monetary Fund spokesman said Thursday.Euro-zone officials have said they are open to cutting the value of Greece's debt if Athens lives up to its vows for more budget cuts, higher revenues and a restructuring of the country's broken economy as part of a massive joint European-IMF bailout."Our projections show that further debt relief will be needed for Europe to meet its commitment to reduce Greek debt significantly to the program level," IMF spokesman Gerry Rice said.The joint bailout program targets cutting Greek debt to 124% of gross domestic product by 2020 and "substantially below" 110% by 2022. Euro-zone officials said they expect to review debt restructuring by the beginning of 2014."We don't envision any new [debt restructuring] discussions at this juncture," Mr. Rice said.He also said that there's no talk of...

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  1. Cyprus faces "very unfavorable" outlook in near term: Sarris

    Cyprus should brace itself for an extended period of difficulty in the near term after sealing a bailout deal forcing it to forgo much of its banking sector, its for...

  2. Slovenia will not be the next Cyprus: finance minister

    Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic off...

  3. Crisis in Cyprus Snaps S&P's Three-Week Run

    FOX Business: Capitalism Lives Here The broad S&P 500 ended in the red for the first time in four weeks amid mounting concerns that Cyprus will default on its debt a...

  4. Stocks Jump on Cyprus Hopes

    FOX Business: Capitalism Lives Here News that Cyprus is coming close to a deal that would stave off a debt default and potentially stabilize its troubled banking sec...

  5. Futures Climb Despite Cyprus Chaos

    FOX Business: Capitalism Lives Here U.S. stock-index futures managed to push higher on Friday as Cyprus raced against the clock to craft a rescue deal and stave off ...

  6. Bank industry chief warns Cypriot banks must reopen in days

    A solution must be found to reopen Cypriot banks within days before it is "too late", one of Europe's top bankers warned on Wednesday, saying he feared the island's ...

  7. Cyprus Crisis: Déjà Vu All Over Again?

    A small island on the edge of Europe teetering under the weight of its bust banks. Sound familiar?Like Iceland and Ireland before it, Cyprus is battling to prevent a...

  8. Cyprus Slivers Slamming These ETFs

    By the metrics of geographic size and population, Cyprus is small. It is merely the third-largest island in the Mediterranean Sea. The country is home to just over 1...

  9. Dow Ekes Out Gain Amid Cyprus Slump

    FOX Business: Capitalism Lives HereAfter a volatile trading session, the broad markets capped the day in the red as uncertainty about Cyprus overshadowed a round of ...

  10. Greece seeks buyers for local units of Cypriot banks

    Athens has started exploring local lenders' interest in taking over the Greek units of Cypriot banks, as part of the island's international bailout agreed earlier on...

  11. Banks face accounting drive to recognize losses earlier

    Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognize losses on souring loans and bonds more quickly an...

  12. New Accounting Rule Could Cost Banks Millions

    Banks will have to find billions more dollars under a proposed new accounting rule that aims to make them recognize losses on souring loans and bonds more quickly an...

  1. Is 'Big Deal on Twitter' Resume Gold?

    Tweets of the week: When is the right time to celebrate progress? And some good news for professionals “in it” for more than the money: here are some of the LOL-inducing, insightful and character-limited words of wisdom that helped me run my business this week.

  2. Credit Agricole First-Quarter Profit Jumps After Greek Exit

    Credit Agricole SA (ACA.FR) Tuesday said first-quarter net profit jumped 51%, as the French bank draws a line under its disastrous foray into Greece, and slims down ...

  3. Overcapacity, Fuel Costs Hit Shipping Industry

    The owners of the world's containerships are the people responsible for making globalization a reality. Their fleets transport 90% of world trade in manufactured goo...

  4. Insight: Why did Cypriot banks keep buying Greek bonds?

    One day last October, a memory stick containing special software for deleting data was placed into a desktop computer at Bank of Cyprus.Within minutes, 28,000 files ...

  5. Cyprus central bank failed in its job, president tells ECB

    The governor of Cyprus's central bank failed to regulate its now-crippled banking system effectively, the island's president Nicos Anastasiades said in a letter to E...

  6. Watchdog did not have timely Bank of Cyprus data on Greek debt : report

    Regulators asked Cyprus's largest bank to provide information about its ultimately disastrous holdings of Greek debt as long as three years ago but got no immediate ...

  7. Cyprus judges to look into crisis, president

    Supreme Court judges will launch an investigation on Thursday into almost a decade of financial profligacy which brought Cyprus to its knees last month, with a manda...

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