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Taking a loss on Greek bonds

Mar 8, 2012
Private investors are being asked to accept big losses on their loans to Greece, in order for the country to get more bailout money and avoid a messy default that could send Europe back into crisis. About two-thirds of bondholders…

Big economic worries remain surrounding Greece

Mar 7, 2012
There is a possibility that Greece's private creditors won't accept big losses on their investments by a deadline tomorrow night.

Setting the stakes for Greece's bailout

Mar 7, 2012
The deadline for Greece's bailout is tomorrow. But if bondholders still hold out, more delays are on the horizon and the possibility of a Greek default remains.

Explainer: Greece's 'selective default'

Feb 28, 2012
Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?

Greece avoids a messy default... for now

Feb 21, 2012
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion plus bailout for Greece. That'll save the country from a messy default, but stability can be hard to get too excited about,…

How Greece could move forward from here

Feb 21, 2012
After months of wrangling and a marathon meeting yesterday, European finance ministers have agreed on a $170 billion bailout deal for Greece. It'll save the country from a messy default, but the terms of the deal are painful.

Greek bond investors take big 'haircut' in bailout deal

Feb 21, 2012
Hans Humes is one of the private creditors who is now taking a 74 percent haircut on the Greek debt he owns. He explains what that means, and why he invested.

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European finance ministers close to agreement on Greece

Feb 20, 2012
The second bailout deal for Greece seems imminent, but it still won't bring a total end to the debt crisis.

Euro finance ministers expected to approve Greek bailout

Feb 20, 2012
European finance ministers are meeting in Brussels today. They're expected to finally approve a new bailout loan package for Greece. The price tag: $170 billion.

Greek bailout deal drags on

Feb 17, 2012
Economist and blogger Barry Ritholtz is getting tired of watching Greece do its Sisyphus impersonation.