Tag: sovereign-debt
sovereign-debtGreek 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.
Trichet warns Euro crisis ‘isn’t over’; calls for precise, quick enforcement of deal
European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the Euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal.
Spain’s leading banker says “obligatory” recapitalization could further weaken banking system
Spain’s Banco Santander SA Chairman Emilio Botin warned of the risks of an “obligatory, indiscriminate” recapitalization of European banks without a final resolution of the sovereign debt crisis.
Japan committed to stabilize the Euro and ensure growth in EU bilateral trade
Japan is prepared to purchase over 20% of bonds that Euro-zone countries will be jointly issuing with the purpose of defusing tension and propping confidence in the Euro given the presistence of the European sovereign debt crisis, Finance Minister Yoshihiko Noda said on Tuesday in Tokyo.
IMF prepares for crisis scenario: plans to double lending capacity to 450 billion
IMF expects to double its lending capacity to 450 billion US dollars over the next few months, giving it additional firepower to deal with the sovereign-debt crisis engulfing Europe, according to IMF officials and documents.
