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Tag Archives: restructuring

Court opens way for restructuring and sale of Skaramangas shipyards

A decision by an Athens first-instance court that approved the appointment of a special administrator for the Skaramangas shipyards paved the way for the restructuring of the company, economy ministry officials said on Thursday. The officials said that the ministry, and Deputy Economy Minister Stergios Pitsiorlas in particular, won a …

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German Economist Fratzscher: There will be haircut for Greek debt in 2018 but with another name

There will be Greek debt relief in 2018 but they will use another name for it, top German economist and  chairman of the German Institute for Economic Research (DIW), Marcel Fratzscher said in an interview to jungundnaiv.de, a German website that approaches political and economic issues in a relaxed, alternative …

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Lagarde: Greece doesn’t need Debt Haircut but Restructuring

Managing Director of International Monetary Fund, Christine Lagarde, said that “Greece doesn’t need debt haircut for the time being,” right after the meeting with German Chancellor Angela Merkel in Berlin on Wednesday. What needed is “debt restructuring and interest rate cuts on bailout loans.” Stressing the need of reforms, Lagarde …

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Greek FinMin rules out Debt Restructuring

Greek Finance Minister George Papaconstantinou said Friday he “absolutely” rules out the prospect his country΄s sovereign debt might be restructured, economic portal Capital.gr reported. “I am not the only one” who rejects the idea, Papaconstantinou said on the sidelines of a conference in the northern Italian town. The minister spoke …

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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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