www.euronews.net Hungary’s debt ridden state owned airline Malev has ceased operating after running out of money. Hungarian Prime Minister Viktor Orban said the decision to ground the country’s flag-carrier was made after aircraft were not allowed to take off from Tel Aviv and Ireland because of unpaid debts. Last month the European Union said the carrier has to pay back 130 million euros of state aid it had received.
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Debt grounds Hungary’s Malev
Unions and employers are to resume talks in Greece as the country scrambles to push through more cost-cutting reforms and conclude massive debt deals with private and rescue creditors.
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Labor talks in Greece as debt deals near | Washington Examiner
Greece and the IMF said Wednesday that negotiations for landmark debt deals will be concluded in a “matter of days,” raising hopes that the country will dodge a disastrous default in the spring.
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Greece, IMF expect debt deals soon | The Associated Press | News …
www.euronews.net Greece says it has all but concluded a crucial debt relief deal with its private investors. The agreement would see those investors swap their Greek government bonds for new ones of a lower value, with a longer repayment period at lower interest rates. Finance Minister Evangelos Venizelos said now they focus on convincing the EU and the IMF they can deliver the promised spending cuts and reforms
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Greece close to debt swap deal
One of the largest debt collection companies in the country agreed on Monday to change the way it does business and pay a $2.5 million civil fine to settle charges brought by the Federal Trade Commission. The FTC's …
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Bottom Line – Debt collection firm pays $2.5 million to settle FTC …
In what could turn out to be a significant ruling for Greeks suffering from the economic crisis, a court in Hania, Crete, has become the first in the country to order that the majority of the debt owed to banks by someone still in full …
ATHENS, Greece — Greece and investors who have bought its bonds have reached a tentative deal to significantly reduce the country's debt and pave…
Greece and its private investors are close to a deal that will significantly reduce the country's debt and pave the way for it to receive a much-needed €130 billion bailout.
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Private investors near deal on Greek debt – Home » Other Sections …
The Federal Government of Nigeria has been warned to exercise restraint in the floating of Sovereign debt instruments, ensuring that the bonds do not lead to the escalation of the rising debt profile of the country. He further …
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FG cautioned on Nigeria's sovereign debt profile
ATHENS, Greece (AP) — Greece's prime minister will hold new talks late Thursday with representatives of the country's private sector creditors on a debt writedown deal needed to avoid a potentially disastrous default this …
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Greece tries to revive debt relief deal « New Hampshire Journal
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