Greek Senior Bank Bonds Suffer
Greek banks containing senior bonds suffered a hit, after Euro region finance ministers secured deposits from any possible deficits, resulting from the country's bailout.
EU partners must make Greek debt sustainable before IMF provides additional funding
The International Monetary Fund (IMF) will consider additional funding to Greece only if the country's European partners take steps to make Greece's debt sustainable, head of the IMF mission to Greece Delia Velculescu, said on Friday (Greek time).
- Written by E.Tsiliopoulos
European Institutional assessment calls for a re-profiling of the Greek debt
According to The Wall Street Journal (WSJ), a new Debt Sustainability Assessment prepared by the European Institutions (i.e. EC/ECB/ESM) says that there are serious concerns about the sustainability of Greek government debt and that it will require mitigating measures - a step many Eurozone governments have been reluctant to take.
- Written by E.Tsiliopoulos