www.euronews.com Greece’s four biggest banks have posted huge losses for last year as they wrote down the value of Greek government bonds. They were hit hard by last month’s bond swap to cut the country’s debts part of the rescue package negotiated by Athens with the European Union and International Monetary Fund. Alpha bank lost 3.8 billion euros, Eurobank 5.5 billion, National a whopping 12.3 billion and Piraeus 6.6 billion for a total of 28.25 billion euros
Spain kicked off a series of bond sales today that could prove critical in its efforts to avoid the fate of bailed-out EU neighbours Greece and Portugal as it seeks to trim its budget deficit and stabilise it struggling banks. The government’s plans to raise around €5.5 billion got off to a bumpy start, however, as short-term borrowing costs in Tuesday’s Treasury bill auction nearly doubled from similar efforts last month
Just weeks after European officials defused a financial time bomb in Greece, the ticking is growing louder in Spain. For officials in Madrid, the scenario is painfully familiar to what happened in Athens. Skittish investors, worried ..
New text by TPTG: “Burdenned with debt reloaded: The Politics of Devaluation”. Burdenned with debt reloaded: The Politics of Devaluation. By The Children of the Gallery (TPTG).
Burdened with debt reloaded: The Politics of Devaluation. By The Children of the Gallery (TPTG). In Greece, the initial austerity measures developed into a full blown shock policy of devaluation of capital, which has deepened ..
As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion.
As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. ..
As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S