German banks and insurers will use a French proposal as a blueprint for discussion when they meet with finance ministry officials in Berlin tomorrow to seek an agreement on their role in a Greek rescue, two people with knowledge of the matter said.
BusinessWeek.com — Finance
Asian stocks rose, with the regional benchmark index paring its loss for the month, on speculation Greece may be allowed to roll over some of its bonds, easing concern the nation’s sovereign debt crisis will spread across Europe, one of Asia’s biggest export markets.
BusinessWeek.com — Finance
Asian stocks rose, with the regional benchmark index paring its loss for the month, on speculation Greece may be allowed to roll over some of its bonds, easing concern the nation’s sovereign debt crisis will spread across Europe, one of Asia’s biggest export markets.
BusinessWeek.com — Finance
President Nicolas Sarkozy said French banks are headed towards an agreement to roll over 70 percent of their holdings of Greek debt between now and 2014.
BusinessWeek.com — Finance
French banks including BNP Paribas SA have told the French government they are willing to partly roll over maturing Greek government bonds in a bid to avoid a default by the debt-laden nation, three people familiar with the plan said.
BusinessWeek.com — Finance
The European Central Bank may back a plan encouraging investors to buy new Greek bonds to replace maturing securities, said two officials familiar with the situation, softening the ECB’s opposition to any restructuring to fix the country’s debt crisis.
BusinessWeek.com — Finance
European Central Bank policy makers may back a plan to roll over Greek bonds as part of a solution to the country’s fiscal crisis, said two officials familiar with the situation, softening the ECB’s opposition to any restructuring of the country’s debt.
BusinessWeek.com — Finance
The European Union’s top economic official said a solution to keeping Greece solvent is combining bold deficit cuts reminiscent of Belgian sacrifices in the 1990s and willingness by lenders to roll over expiring bonds, adapting what was done in Eastern Europe two years ago.
BusinessWeek.com — Finance
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