Debt restructuring
Fish-farming firms in flux as banks are reluctant to get involved
By Dimitra Manifava
Greece?s fish-farming sector is expecting significant developments in the coming months as the deal between Nireus and its creditor banks, the completion of the restructuring process at Selonda and a possible agreement for Dias?s debt restructuring suggest that the sector will only have a future in Greece if that also includes mergers and acquisitions.
Noted US economist says now’s the time to restructure Greek debt
The inevitable course towards a Greek debt restructuring is the main axis of thought by noted economist Carl Weinberg in his recent article on Barron’s, entitled “The Inevitable Next Step for Greece”.
Varoufakis: Greece to borrow on markets once it has debt restructuring
Greece will be able to borrow from the financial markets once it achieves a debt restructuring, investment and sustained primary budget surpluses, Finance Minister Yanis Varoufakis said on Wednesday.
"For one to be able to return to the markets for borrowing you need to meet three criteria: primary surpluses, restructuring of debt and investments," he told Real FM radio.
Greece needs debt haircut, Varoufakis tells Stern magazine
Greece's finance minister said Greece would not be able to service its debt in the short-term so would need a haircut, or debt restructuring, he told Germany's Stern magazine.
"If a debt can no longer be paid off then that leads to a haircut," Yanis Varoufakis said in a pre-publication copy of the interview made available on Wednesday.
Greek radicals play it safe with debt advisers Lazard
By Sophie Sassard
Soon after politicians from left-wing SYRIZA party won power in Greece they said they had hired Lazard to advise them on restructuring their debt.
It is a homecoming of sorts for the US investment bank. Lazard cemented its position as the eminence grise of debt negotiations when it secured the biggest restructuring deal in history for Athens in 2012.
German Euroskeptic party calls Greek debt plan disguised forgiveness
Greece?s proposal to swap its foreign debt for growth-linked bonds is a disguised form of debt forgiveness, the leader of Germany?s Euroskeptic Alternative for Germany (AfD) party told Reuters on Tuesday.
Davos-man Ackermann lured to Cyprus bank by billionaires
By Maria Petrakis
Josef Ackermann used his clout as head of Deutsche Bank AG to help save the euro by negotiating the biggest debt restructuring in history. Now, he's been tapped to resuscitate a victim of that deal.
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Strategy focuses on debt sustainability
Size of the countrys arrears and a possible haircut are not a priority in the governments planning
By Sotiris Nikas
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Swift market comeback could be game-changer for Greece
By Marius Zaharia
Greece could be on the verge of making one of the fastest market comebacks of a defaulted sovereign ever recorded.
Dias fish farming files for bankruptcy
By Dimitra Manifava
Dias Aquaculture decided on Thursday to file for bankruptcy and protection from its creditors following Wednesdays rejection of its application to enter into the conciliation procedure under Chapter 99 of the Bankruptcy Law.
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