Tag: greece

Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping
July 29, 2012 0

Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping

By News Desk

Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping Through the first half of the year, foreigners reduced Spanish debt by Nearly €80 Billion as banks in Spain gobbled up more of the toxic garbage. Foreign investment in Spanish public debt has decreased by 7 €78.168 billion in the first six months of the year, standing at €203.271 billion euros, compared to €281.439 billion which reached the end of 2011. This is a break of 27.7% over last year

Results, Results, Results
July 27, 2012 0

Results, Results, Results

By News Desk

Today the Financial Times reports Barroso pushes Greece to show results José Manuel Barroso has urged Greece to accelerate reforms after two years of foot-dragging if it wants to stay in the eurozone, saying Athens needed to show “results, results, resultsâ€. The European Commission president, making his first visit to Greece since it sought assistance from the EU and International Monetary Fund in 2010 to avert a sovereign default, stressed that delays in implementing agreed measures had undermined the country’s credibility with its partners, adding: “Actions are more significant than words.†Mr Barroso’s strongly-worded message, delivered after a two-hour meeting with premier Antonis Samaras, came after leaders of the three-party coalition government endorsed in principle a €11.5bn package of spending cuts for 2013-14 that were agreed with creditors six months ago but kept on hold during two successive election campaigns.