Tag Archives: bondholders

Moody’s declares Greece in default

Press TV Moody’s Investors Service has declared Greece in default on its debt, despite an announcement by the Greek government that a large number of private creditors had signed on to a debt exchange plan. The US-based credit rating agency … Continue reading

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Greek bond swap deal to go ahead

AAP Business Speculator Enough private investors have agreed to take huge losses on their Greek bonds, enabling a debt swap deal to go forward, a government source says, clearing a key hurdle for a new bailout package for Greece. As … Continue reading

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Greek rescue blocked by hedge fund greed

Source: Independent Financiers who bought ‘distressed’ Greek debt insist on making vast profits from the crisis. A group of hedge funds is threatening to block a last-ditch attempt to save Greece from defaulting on its huge debt pile, unless they … Continue reading

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