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Tag Archives: restructure

Greece establishes new Emergency Response Service to deal with natural disasters

The General Secretariat for Greece’s Civil Protection is abolished and replaced by a new agency, the National Emergency Response Service. The radical change comes 18 days after the deadly wildfires in Athens with 93 people dead during which is Civil Protection was practically absent. The new public service will be …

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Last minute rescue: painful Cyprus deal, bankruptcy averted, depositors cry

Hours of tough negotiations between Cyprus and international lenders ended in a deal at 2 a.m. on Monday morning. President Nicos Anastasiades and the head of European Union, European central Bank and International Monetary Fund agreed to a hefty haircut for deposits above 100,000 euro at Bank of Cyprus and …

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S&P: 1-in-3 Boring Chances for Greece’s Boring Debt Restructuring – YAWN!

The whole issue of Greece’s Debt Restructureis getting incredible boring. Day in, day out there is also somebody somewhere saying something on the issue with one single purpose: to let spreads go up and down and make money. As my stakes portofolio is modest and I don’t participate in such speculative actions, …

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Prof. Rogoff: Greece Debt Restructure Inescapable

I have been trying for quite some time to find out why I smoke more in the morning than the rest of the day. Now, I think, I know. Because of the crap and self-repeating news I read in the morning… In fact, I’m fed up with the pressure some …

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