“The Greek finance ministry categorically denies the reports that it was requested during a Eurogroup telephone conference that eurozone members prepare plans for handling the possible exit of Greece from the eurozone,” a government statement said.
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Greece denies eurozone preparing contingency plans for break-up
Mid-Day Report: Greece Exit Worries Sent Markets Lower
Greece is again in spotlight after former prime minister Papademos said yesterday that "risk of Greece leaving the euro is real". IMF chief Lagarde said that Eurozone is "at the very epicenter of the crisis". Greece exit from Eurozone is not a preferred option and urged Greece to "do a
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German Bundesbank warns Greece not to reject reforms
Germany’s Bundesbank said on Wednesday the situation in Greece was “extremely worrying” and it was jeopardizing any further financial aid by threatening not to implement agreed reforms.
Greece would have to bear the consequences of such a scenario, while the challenges that would arise for the e…
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Greece: The upside of default
It now seems inevitable that Greece will default on its debts, with all sorts of disastrous scenarios being discussed, particularly if it has to leave the euro.
But I know from my experience of working with Jubilee 2000 to “drop the debt” of poor countries in Africa and Latin America that there i…
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China’s stock futures drop on slowing economy, Greece concerns
Chinas stock-index futures fell, signaling declines for the benchmark index, on concern the economic slowdown may accelerate and as speculation intensified Greece may leave the euro area.
Futures on the CSI 300 Index (SHSZ300) expiring in June, the most active contract, lost 0.4 percent to 2,593…
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Papademos: No Preparations in Greece for Leaving Euro
Former Greek Prime Minister Lucas Papademos says there are no preparations underway in Greece for possibly exiting the Euro.
In a brief conversation with CNBC, he also said he is not aware of any specific preparations in European institutions or other European countries.
However, he “cannot …
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Former Greek PM Papademos says risk of Greece leaving leaving Euro is real and Euro membership depends on implementation of bailout programme
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How 100 iPads saved Greece $140 billion
I got a London call last week from a Bob Apfel, a Brooklyn neighbor (and fellow Oberlin College graduate).
“Two weeks ago,” he began. “I completed the debt restructuring of Greece.”
It was pretty bold statement, but not entirely out of character. After all, Apfel runs a company called Bondhold…
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