Tag: debt default

• Thursday, November 16th 2017 - 09:08 UTC

  Russia gives Venezuela a hand and restructures US$ 3.15bn debt over a 10-year period

  

  Russia and Venezuela signed a debt restructuring deal on Wednesday allowing Caracas to make “minimal” payments to Moscow in the next six years to help it meet obligations to other creditors, the Russian Finance Ministry said. Under the deal, Venezuela will pay Russia back a total of US$ 3.15 billion over a 10-year period, the ministry said.

• Wednesday, April 30th 2014 - 03:49 UTC

  Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

  

  Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

• Wednesday, January 25th 2012 - 20:35 UTC

  Greek 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.

• Wednesday, June 22nd 2011 - 16:31 UTC

  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.

• Sunday, June 19th 2011 - 22:46 UTC

  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.