Greek bond swap Archives - Keep Talking Greece

Athens: Small Bond Holders Occupy ND Offices – They Will be Paid Out in 2042!

November 23, 2012 Society 1

Chanting “Thieves”, “Liars”, “Thugs”, “Give us our money back” and hurling eggs dozens of Greek bond holders got out of control when the appointment with Nea Dimocratia secretary, Manilis Kefaloyiannis, was cancelled. The meeting was scheduled for 11 in the morning at the headquarters of the party of prime minister Antonis Samaras. …

Angry Greek Bond Holders Ηarass PASOK Leader Venizelos over PSI

November 14, 2012 Economy, Society 1

Dozens of Greek bond holders harassed former Finance Minister – now PASOK leader – Evangelos Venizelos and ex deputy finance minister Philipppos Sachinidis outside the Bank of Greece on Wednesday afternoon. Protest banner “Thieves. Bring our money back” The angry and frustrated Greeks spoke out heavy insults against Venizelos and attacked his …

Athens-Thessaloniki: Angry Bond-Holders Threw Eggs at BoG Due to PSI

November 1, 2012 Society Comments Off on Athens-Thessaloniki: Angry Bond-Holders Threw Eggs at BoG Due to PSI

Chanting “Shame” and “Thieves” angry holders of Greek bonds threw eggs at the Bank of Greece and General Accounting Office in Athens and Thessaloniki. Several dozens of middle-aged protesters raised their voice and express their anger about the Greek bond swap (PSI) that swallowed the savingss of a whole life. At least …

Greek FinMin Statement: Bond Maturing May-15 Will Be Paid

May 15, 2012 Economy Comments Off on Greek FinMin Statement: Bond Maturing May-15 Will Be Paid

“Greece will pay the bond that matures on May-15, including interest rates” the finance Ministry said Tuesday in a statement. “This bond is part of bonds amounting 6.4 billion euros that were not offered to participate in the Greek Bond Swap (PSI) by their holders. The decision was carefully taken after thorough …

Education Minister Threatens to Resign over Greek Universities Funding

March 29, 2012 Economy 2

Just 23 days after his appointment, Greece’s Education Minister Giorgos Babiniotis threatened to resign on Thusrday upon criticism and pressure he received on his decision to disengage the funding of universities and Technical Education Schools (TEI)from the councils elections as it has been defined by a recent law passed by Papademos coalition government. …

Greece To Pay at least €35.5 Million to PSI Advisers

March 22, 2012 Economy 3

OUCH! Greece has to pay at least 35.5 million euro to its two main advisers helping the debt-ridden country with its Greek Bond swap (PSI) or in common English “debt restructuring”. Greek Finance Ministry saw itself obliged to reveal the payments, after daily Proto Thema claimed on Tuesday, that Athens had …

This News is Not a Joke! “Fitch Upgrades Greece at Six Notches”

March 13, 2012 Economy 1

That’s not a joke! Ratings agency Fitch upgraded Greece on Tuesday to a “B-” rating with a stable outlook from restricted default over its bond swap that wiped some 100 billion euros ($131 billion) off its debt. Are things going indeed better, after the PSI? Because I hear, some friends have not …

ISDA: Greek PSI-CACs “Credit Event”; CDS Payments Triggered

March 9, 2012 Economy 1

Yeap. The activation of the Collective Action Clauses” (CACs) consist a “credit event”, said the International Swaps and Derivatives Association (ISDA) on Friday. Now the CDS will have to be paid out and all those who bet on Greece’s bankruptcy will make some nice profit. The CDS or Credit Default Swap is a …

PSI Participation Rate 85.8%, with CAC Activation 95.7%

March 9, 2012 Economy 4

The Greek Bond Swap (PSI) completed with a voluntary participation of 85.8%, said a statement issued by the Greek Finance Ministry on Friday morning. Holders of 172 billion euros worth of bonds in total have agreed to the Greek bond exchange offer. The statement said further that 69% of non-Greek bondholders participated …

PSI Deadline Ended – Decision on CACs on Friday – Participation at 85%?

March 8, 2012 Economy 1

The deadline on Greek bond swap deal ended on Thursday at 10 pm local time. Several Greek officials speaking to international media under condition of anonymity expressed optimism and ‘saw’ a participation of 80% . State broadcaster NET TV reported with reservation at 11:30 pm, that the particpication is 85% …

All Eyes On Greek PSI

March 8, 2012 Economy 3

Expectations on a successful Greek bond swap (PSI) are high, just a few hours before the official offer of the Greek state expires on Thursday night (2000GMT/ 8 pm local time). The Greek government seems optimistic. “It is going well, we are optimistic,” a Greek official told Reuters on conditions …

Talks Between Greece and IIF on PSI Suspended

January 13, 2012 Economy Comments Off on Talks Between Greece and IIF on PSI Suspended

The talks between Greece and the chief of Institute of International Finance Charles Dallara on the Greek Bond Swap (PSI) have been suspended and no solution was found. Despite some positive signs on the PSI progress during the day, Charles Dallara said on Friday afternoon in a statement” We hope Greece will renegotiate …

Greeks on PSI: Progress But No Deal Yet

January 10, 2012 Economy Comments Off on Greeks on PSI: Progress But No Deal Yet

While chief of Institute of International Finance (IIF), Charles Dallara is packing his suitcases to travel to Athens on Jan 11/2012, Greeks are doing some homework ahead of the talks. Thus under the pressure of French president Nicolas Sarkozy and German Chancellor Angela Merkel who threaten not to give Greece the next aid …

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