Greek Bonds Article Essay

459 words - 2 pages


Greek Bonds Drop Most in Four Months Before Debt Talks - Bloomberg

Greek Bonds Drop Most in Four Months Before Debt Talks
By David Goodman and Max Julius - Sep 29, 2014

Greek government bonds fell, driving 10-year yields up the most in four months, amid concern the nation’s quest for financial independence will undermine efforts to control its debt load. Greece’s 30-year yield touched the highest since March before officials meet with the country’s international creditors tomorrow. The securities dropped last week as the government proposed an early end to financial aid from the International Monetary Fund, potentially enabling the nation to ...view middle of the document...

The borrowings, amounting to about 90 percent of Greece’s gross domestic product, weigh on the country’s hopes of recovering from the steepest and longest recession on record. Greek 10-year yields jumped 34 basis points, or 0.34 percentage point, to 6.51 percent at 4:43 p.m. London time. That’s the biggest increase since May 15. The price of the 2 percent securities due in February 2024 dropped 2.085, or 20.85 euros per 1,000-euro ($1,269) face amount, to 78.26. The yield climbed 38 basis points last week, the most since May. The 30-year yield climbed as high as 7.11 percent, a level not seen since March. Non-performing loans at Greece’s banks have reached almost 80 billion euros, according to the country’s Growth and Competitiveness Minister Nikolaos Dendias. Greek households and corporations had overdue taxes of 69.2 billion euros in August, data from the public revenue secretariat show. To contact the reporters on this story: David Goodman in London at; Max Julius in London at 1/2


Greek Bonds Drop Most in Four Months Before Debt Talks - Bloomberg

To contact the editors responsible for this story: Paul Dobson at Todd White


Other Papers Like Greek Bonds Article

Greece's Future as at March 2010

1305 words - 6 pages also benefiting from conditions that did not match their situation. Second, there is the Maastricht circumventing strategy: As recently came out, Greece was able to manipulate Luxembourg based Eurostat regarding their government deficit. Goldman Sachs helped Greece to somehow alter their normal government financing. USD, Yen, and CHF bonds issued by the Greek government were swapped against EUR. But the problem was that for a specific $10

Sovereign Debt Crisis - Greece vs. Argentina

1398 words - 6 pages same by buying and selling bonds at the same time. So what could be possible is that they let the banks write off the debts and turn and convert equity to debt. Doing so, they would wipe out equity holders which would initially eat up the losses of the Greek bonds. Before I jump to the conclusion whether I agree or disagree with the lessons above, I did some research on the differences between the case of Greece and the default of Argentina in


3662 words - 15 pages fraternity. Established fraternities have large alumni networks that can help you get to where you want to be. By joining a fraternity, you are gaining access to vast networking professionals who are always willing to help. You would never be given an opportunity like this had you not pledge. The one advantage of joining a fraternity is that once you become alimni, you are greek member for life. More importantly, the bonds you develop there

Origins of Vernacular Language

774 words - 4 pages were also using vernacular language to write some legal and government documents. Modern vernacular Italian and also Neapolitan vernacular were also being developed after the twelfth century. Vernacular language impacted the cultures during this period because it led to a new nationalized perception and it managed to form bonds between people of different cultures and identities. According to an article titled “The Rise of

Editorial on the European Crisis

1004 words - 5 pages =com_content&view=article&id=562:la-crisis-del-euro&catid=47:sabes-que&Itemid=200 2. Kenny, T. (2012). Bonds. Retrieved 15 August 2012,from What is the European Debt Crisis?: 3. The Economic Times. (August de 2012). Retrieved 14 August 2012, from Europe Debt Crisis:

Eurozone Crisis

2582 words - 11 pages countries in Europe and around the globe. A recent article on current events affecting the bonds market, published by the New York Times states- “Greece, Portugal, Ireland, Italy, and Spain – to varying degrees, failed to generate enough economic growth to make their ability to pay back bondholders the guarantee it was intended to be. Although these five were seen as being the countries in immediate danger of a possible default, the crisis has far


2584 words - 11 pages had gone from 71.6% in 1999 to 87.2 % in 2011 (Roscini & Schlefer, 2012, p.69). Article 25 or the “no-bailout clause”, which implied that no member’s government should cover or support any of the other member’s debt, only created a downward spiral into a greater debt for the European Union where governments had no other choice but to adopt recessionary policies (i.e. spending cuts, increased taxes) that forced their economy further into a

Casy Study Of The Tragedy Of Common

5411 words - 22 pages commons” was first described in Garrett Hardin’s article “The Tragedy of the Commons” which was published in 1968. Hardin (1968) described tragedy of the commons as follows: “Therein is the tragedy. Each man is locked into a system that compels him to increase his herd without limit – in a world that is limited. Ruin is the destination toward which all men rush, each pursuing his own best interest in a society that believes in the freedom of the

Feasibility Study Does Not Mean Feasible

2794 words - 12 pages instead of ionic or covalent bonds. While alloys are usually part of the elements class, dyscrasite is part of the sulfide class because antimony is really a semi-metal and not a metal like silver. Dyscrasite forms intricate and beautiful crystals and crystal aggregates. Its silver-white color is very similar to silver itself. The crystals are small and very detailed. The word dyscrasite is Greek and means “bad alloy.” This mineral can be found in


5306 words - 22 pages Technology Urban Browse Bibliography Index Journals Organizations People Timeline v t e Three women in the pillory, China, 1875 Criminology (from Latin crīmen, "accusation"; and Greek -λογία, -logia) is the scientific study of the nature, extent, management, causes, control, consequences, and prevention of criminal behavior, both on the individual and social levels. Criminology is an interdisciplinary field in both the behavioral and

A Proposed Re-Start for Italy Without the Euro

4642 words - 19 pages government borrowing; however, it is not sufficient. Banks have been increasing their capital by limiting lending instead of increasing the leverage ratios thus slowing the economy when the need for growth is imminent. Another strategy proposed was to purchase Italian, Greek, and/or Spanish debt but due to high inflationary concerns this strategy was not even considered by the Germans. Lastly, Merkel proposed to transfer the funds generated by

Related Essays

Fraternities Related Studies And Literature Essay

2448 words - 10 pages institutions. It is now prevalent in schools even in police and military academies. Hazing, as we all know, systematically develops a culture of violence among the youth. Most importantly, the bonds developed by hazing become seeds of corruption. Hazing is hazing whether it results in death, mutilation or years of pain or whether it is done inside or outside the school or institution. In the article “Fraternal Fury” written by Argee Guevara, he

Debt Crisis Essay

2404 words - 10 pages since there were doubts about its ability to offset the huge sovereign debt it owed as well as government deficits. This crisis of confidence in Greece resulted in the significant downgrade of the Greek bonds into a junk status as well as the Greek bond yield spreads notably rose (Brutti and Sauré, 2016). The financial unrest gradually spread to the entire European Union zone and the European stocks tumbled, and the euro currency reached 2-year lows

Greece In Crisis Essay

2410 words - 10 pages the situation by raising funds through the selling of bonds and the implementation of austerity measures aimed at reducing the government deficit below 3% of GDP by 2012 (Nelson et al, 2010). These measures in and of itself are insufficient to combating the crisis and having eroded the confidence of local and international investors; the Greek government sought financial support from other European countries and the International Monetary Fund

Will The Euro Survive? Essay

1329 words - 6 pages disharmony in Greece, a further summit was held on the 26th October 2011 at which the following measures were agreed. ➢ The value of Greek debt in private hands was to be cut from €210bn to €100bn. In other words, Greek debt would be cut by 50% in return for a commitment that it would reduce its debt GDP ratio from 160% to 120% by 2020. ➢ The summit also agreed that the resources of the EFSF (European Financial Stability Facility) would be