EMerging Equity
Creditors
Ukraine’s Creditors Offer A 5% Haircut
Ukraine’s international private creditors have proposed a 5% haircut. Last month Kiev asked the bondholders for a 40% debt relief worth about $15 billion. The 5% debt reduction proposal was made this week by Ukraine’s largest creditor Franklin Templeton Investments. The investment house holds about $8.9 billion in bonds, according to two people close to the negotiations. It … Continue reading
European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday
The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on Sunday will make a final decision on what to do. The summit on Sunday is being … Continue reading
‘No Reason Why Greece Could Not Have Two Currencies’ – A Euro Architect
Today we still use an industrial age monetary construct while we have technologies to do things differently. Greece could create a precedent with a different way of addressing economic problems, says one of the architects of the euro, Bernard Lietaer. RT: You were one of the people who helped bring about the birth of the … Continue reading
IMF Backs (Ever So Peculiarly) The SYRIZA Government’s Debt Assessment
Debt relief ought to be at the centre of negotiations over a New Deal for Greece. That has been our government’s mantra from 26th of January, our first day on the job. Exactly five months later, on 26th of June, the IMF has conceded the point (as evidenced earlier today by the NYT) – on … Continue reading
Greece: 9 Myths About The Crisis
The citizens of Greece face a referendum Sunday that could decide the survival of their elected government and the fate of the country in the Eurozone and Europe. Narrowly, they’re voting on whether to accept or reject the terms dictated by their creditors last week. But what’s really at stake? The answers aren’t what you’d … Continue reading
US Senator Bernie Sanders Blasts Greece’s Creditors
Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing what he called excessive austerity measures on Greece in negotiations over the country’s debt payments. [Click here for the Huffington Post site, or read on] Sen. Bernie Sanders (I-Vt.) attacked the International Monetary Fund and European authorities on Wednesday for imposing … Continue reading
European Central Banks Demand Slashing Greek Assets To Zero As Default Fears Mount
Several Central Banks in Europe have reportedly called on Greek bank subsidiaries that are operating in their jurisdiction to slash their exposure of Greek assets to zero and “quarantine” themselves in order to minimize the danger of contagion should the nation default on its debt. According to Greek newspaper Kathimerini, the central banks of Albania, Bulgaria, Cyprus, Romania, Serbia, Turkey, and … Continue reading
U.S. Federal Court Declares Venezuela In Default Over $740M Claim
By Pedro García Otero The US Federal District Court for the District of Columbia has entered a default ruling against Venezuela, after the South American country failed to respond in time to a demand introduced by Gold Reserve Inc. The Canadian gold mining firm is seeking to confirm a US$740 million arbitration made in its favor by the International … Continue reading
Follow Us On Social Media
The SSE Intl Roadshow
Our Discussion Groups
Our Social Media Readers
