TEL AVIV May 18 (Reuters) – Israeli real estate developer Africa Israel Investments said on Wednesday it is seeking a debt settlement with bondholders for the second time since 2010. Africa-Israel has 3.1 billion shekels ($809.3 million) in Israeli bonds to be repaid. The company’s Russia-focused subsidiary AFI Development has been hurt by the weak…
In the wake of the financial crisis, education spending in Greece has been reduced by 45%. 1000 schools have been closed down, teachers are forced out of work, and children pushed into overcrowded classrooms. As many of the most commonly used words in English and other European languages are of Greek origin, shouldn’t we find…
Governor Christie gave a strong and early endorsement this year to Donald Trump, and on Thursday Trump will be returning the favor, taking time out of his schedule for a pair of fundraisers to help Christie and state Republicans pay down their debts. Tom Fox/The Dallas Morning News via AP Republican presidential candidate Donald…
Photo Riot police in Athens. Thousands of people marched across Greece in February to protest changes in pensions. Credit Aris Messinis/Agence France-Presse Getty Images BRUSSELS The International Monetary Fund is increasing demands for Greek debt relief, setting up another potential standoff with creditors over the countrys bailout, and threatening to create more political and economic…
In just a few days, thousands of young adults will receive their college diploma, a firm handshake and a few last words of wisdom before they set off to achieve the American Dream. But for many, those dreams are often put on hold because of staggering student loan debt. … Read the full article at:…
ATHENS Greece expects euro zone finance ministers to focus on short- and medium-term debt relief for Athens when they meet on May 24, government spokeswoman Olga Gerovasili said on Tuesday. Finance ministers from the shared currency bloc are expected to assess next week whether Greece qualifies for new bailout loans and to discuss debt restructuring.…
Greek Prime Minister Alexis Tsipras (C) and government spokeswoman Olga Gerovasili arrive for the swearing-in ceremony of his government at the Presidential Palace in Athens, Greece, September 23, 2015. Reuters/Alkis Konstantinidis Greece expects euro zone finance ministers to focus on short- and medium-term debt relief for Athens when they meet on May 24, government spokeswoman…
By Dani Kass Law360, New York (May 13, 2016, 6:28 PM ET) — A married couple the Federal Trade Commission accused of running businesses that claimed to help people relieve their student debt and mortgages but then didnt follow through or return upfront fees were hit with a suspended $2.3 million judgement and ordered to…
Updated May 17, 2016 3:28 a.m. ET BERLINThe International Monetary Fund is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040, say officials familiar with the talks. The IMF wants the loans to Greece to fall due gradually in the following decades, and as late as 2080, according…
Options? In advance of MONDAY’s trial in its suit against bondholders seeking to declare it in default and accelerate bond payments, iHEARTMEDIA filed a disclosure statement with the SEC detailing proposals on the table at mediation that have been submitted by the bondholders and iHEART. In…