THE Greek deal cannot be described as a victory for anyone. Rather, it might be seen as a partially successful but bloody rearguard action — significant casualties on both sides but anyone still standing lives to fight another day.
Tue, 14 Jul, 2015
Trinity College professor Philip Lane has joined a chorus of senior figures in criticising the decision not to burn bondholders as part of the 2010 troika bailout, saying the burden of the programme fell unfairly on Ireland.
Thu, 22 Jan, 2015
Cyprus will have to seek bailout funds from the European Union to recapitalise a banking sector pummelled by exposure to Greek debt and must prepare by taking tough steps to shore up its finances, the chairman of the country's second-largest lender said today.
Fri, 08 Jun, 2012
Ratings agency Fitch has cut Greece’s long-term ratings to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.
Thu, 23 Feb, 2012
THE combined capacity of the eurozone’s permanent and temporary bailout funds will remain at €500 billion for now, but will be reviewed in March and may be raised by the permanent fund’s board of governors once it is operational, according to a draft treaty.
Fri, 20 Jan, 2012