Tuesday, February 7, 2012

Greek bailout deal

  • A deal is due to be approved by eurozone It emerged on Monday night that any new bail-out programme for Greece would earmark funds specifically to pay off remaining holders of Greek debt.
  • (Financial Times)
  • Negotiations on a crucial writedown on Greek debt, expected to wipe $130 billion off the country's debt, were continuing in parallel but depend on the success of the bailout deal.
  • (New York Times)
  • ATHENS (Reuters) - Greece let yet another deadline slip on Monday for responding to painful terms for a new 130-billion euro EU/IMF bailout, as German Chancellor Angela Merkel made clear Europes patience is wearing thin.
  • (Chicago Tribune)
  • ATHENS, Greece — Greek unions and employers associations on Friday rejected private-sector wage cuts, as demanded by the countrys international bailout lenders if Athens is to receive a new rescue package and avoid bankruptcy.
  • (Standard-Times)
  • 7 (Bloomberg) -- Finnish bonds led gains among Europe's top-rated government debt as Greek Prime Minister Lucas Papademos prepared to meet political leaders to discuss extra austerity needed to get a second European Union-led bailout.
  • (Businessweek)

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