Tag: debt default
debt defaultGreek sovereign debt following “footsteps of Argentina’s 2002 disorderly default”
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.
World’s largest bond fund predicts default for Greece “and other European economies”
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.
Greece and Spain react to the Euro-pact of painful economic reforms
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.


