Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact

Symbol Name
Click for Symbol Help

Greece Private-Sector Creditors Meet in Paris

Wall Street Journal - Jan 25, 2012

Greece's private-sector creditors are meeting in Paris Wednesday in a bid to "determine the next course ahead" in talks to help ease the ailing country's debt burden, according to a person familiar with the matter.

The meeting comes amid intense pressure on banks and others in the private sector to agree a deal with Greece that would go far enough in alleviating its massive debt load. Alternatively, Greece's official creditors may have to kick in more support, a point advanced Wednesday by International Monetary Fund chief Christine Lagarde.

"The bigger the private effort, the smaller the participation of public creditors will need to be," she told a group of reporters during a trip to Paris. "If the level demanded of private investors isn't reached, then public creditors will have to step in too."

Ms. Lagarde said it wasn't for her to decide which official creditors should shoulder any additional burden. Greece's main public creditors are euro zone governments and the European Central Bank.

Read Full Article from Wall Street Journal

- Posted: 2012-01-25 11:09:19

 More Stock Investor Place Top Stories  
Anglo platinum arm sheds 14,000 jobs, risking unrest
Apple falls below $500
US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales
Recovery in U.S. Saving 8 Million Underwater Homeowners
Facebook shares rise in buildup to mystery event, earnings

 Stock Investor Place Top Stories Archive
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008

Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise