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…
Reuters, 14/05 16:43 CET ATHENS (Reuters) Greece aims to tap bond markets next year, Prime Minister Alexis Tsipras told a Greek newspaper on Saturday, after Athens started talks with creditors earlier this week on how to make the countrys debt burden more manageable. Cut off from global credit markets since 2014, Greece signed up to…
Greek deputy PM Yannis Dragasakis with comments published this morning 14 May 2016 Greece wants a debt relief deal which will help the country access debt markets in 2017 and allow for sustainable primary budget surpluses debt relied deal should also include a “road map” which will spell out future moves. Reuters reporting that Dragasakis…
Newly appointed Greek Deputy Prime Minister Yannis Dragasakis smiles during a swearing in ceremony at the presidential palace in Athens January 27, 2015. Reuters/Yannis Behrakis Greece wants a debt relief deal which will help the country access debt markets in 2017 and allow for sustainable primary budget surpluses, the country’s deputy prime minister said in…
WASHINGTON — Lawmakers are close, really close, to dropping legislation that would form an oversight board to help Puerto Rico restructure $70 billion in debt that it cannot pay. The commonwealth defaulted May 1 on a roughly $400 million debt payment and if Congress doesnt act soon, the island will default again on a much…
Comments (0) A charity is marking five years of rescuing local people from the misery of personal debt and helping to save lives. In 2011, members of St John’s Church in Yeovil partnered with UK debt counselling charity Christians Against Poverty (CAP) and received training to open a local centre. On Saturday, May 14, the team,…
The government is targeting a company claiming to help borrowers access Obama student loan bailout programs. The Department of Education sent a cease and desist letter to Student Loan Consultants of America last week, asking the company to stop using the agencys logo. The letter is one of several the Department has sent to so-called…
Sen. Lindsey Graham (R-SC) speaks with reporters before a weekly policy meeting with Senate Republicans, at the U.S. Capitol, May 10, 2016, in Washington, DC.(Photo: Drew Angerer, Getty Images) WASHINGTON Having already promised not to vote for either Hillary Clinton or Donald Trump in the November election, Sen. Lindsey Graham made a politically neutral offer on…
The Greek debt crisis is the crisis that never stops giving. More than six years have now passed since the crisis broke, and the country is still struggling to get its finances under control. In the latest installment, Greek lawmakers agreed early Monday morning to a new set of pension and tax reforms. Unfortunately, the…