Tag: debt default

debt default
Wednesday, January 25th 2012 - 20:35 UTC

Greek sovereign debt following “footsteps of Argentina’s 2002 disorderly default”

Humes from Greylock Capital Management sits on Greece’s steering debt committee

Greece's sovereign debt restructuring appears to be following the footsteps of Argentina's disorderly debt default of 2002, a creditor that is participating in the negotiations warned this week.

Wednesday, June 22nd 2011 - 16:31 UTC

World’s largest bond fund predicts default for Greece “and other European economies”

Mohamed El-Erian, chief executive of PIMCO

The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the Euro area deals with its debt crisis.

Sunday, June 19th 2011 - 22:46 UTC

Greece and Spain react to the Euro-pact of painful economic reforms

Tens of thousands protested in the heart of Madrid (Photo AP)

As the Euro crisis debt crisis expands, Greek Prime Minister George Papandreou appealed to parliament to support a new cabinet appointed to push through painful economic reforms, saying a debt default would be catastrophic for the country and the European Union.

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