Articles About NYSE:EWD
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March 19, 2012Greek Investors Finally Get Good News
Losses on Greek debt will essentially be eliminated for holders of credit default swap insurance, who will receive 78.5 cents for every dollar of protection sold...
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March 15, 2012IMF Rubber Stamps Greek Aid Package
Greece received good news for the second straight day on Thursday as the International Monetary Fund approved its share of an international rescue package for Athens designed to keep the country afloat until 2014...
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March 14, 2012
Greece Gets Its Bailout
The euro zone formally approved Greece's bailout on Wednesday, 130 billion-euro financing package that will keep Athens funded until 2014 and help the government avoid defaulting on its debt...
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March 13, 2012
What Does Fitch Have to Say About Greece’s Debt Swap?
Greece's debt swap has been met with approval by Fitch Ratings, but international debt inspectors warn the country's recovery will be slower and harder than expected...
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March 13, 2012EU Gives Hungary 495 Million Reasons to Comply With Budget Rules
Hungary's disregard for budget rules has landed the country in a very unsavory position, with the European Union prepared to freeze half a billion euros in aid to the country of 10 million...
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March 12, 2012
Debt Swap Might Not be Enough for Greece
Greece swapped privately-held bonds on Monday that will help the nation write down debt worth $140 billion, but fears persist that even the latest measure might not be enough...
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March 09, 2012ISDA: Greek Bond Swap Triggered CDS Payments
Greece's use of a collective action clause to force private creditors into a bond swap has triggered payments on default insurance contracts, according to the International Swaps and Derivatives Association...
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March 08, 2012
Greece Closes Bond Swap Offer
The world breathed a collective sigh of relief this afternoon when Greece closed a bond swap offer to private creditors after clearing the minimum threshold of acceptance to push the deal through...
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March 08, 2012ECB Holds Rates Steady
The European Central Bank held its benchmark interest rate at 1.0 percent on Thursday, as expected, taking a step back to assess how the bank's measures have impacted the euro zone's economic outlook...
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March 07, 2012
Majority of Investors Get On Board Greek Debt Swap
Greece's largest banks, most of the country's pension funds, and more than 30 European banks and insurers have indicated they'll take part in the biggest sovereign restructuring in history...
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March 07, 2012ECB Takes a Step Back
Mario Draghi is widely expected to announce the European Central Bank has decided to leave the key lending rate unchanged at 1 percent when he holds his monthly news conference on Thursday...
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March 06, 2012
IFF: Disorderly Greek Default Could Cost 1 Trillion Euros
The Greek Debt Management Agency said bondholders won't get a better deal than the one currently being offered and warned that if it finds enough support, it will force losses on investors who won't step up to participate...
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March 06, 2012European Economy on the Cusp of Another Widespread Recession
Europe's economy contracted in the fourth quarter as exports and consumer spending declined and investors pulled out of equities...
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March 02, 2012Spain Rebels Against Budget Reforms
Spain is trying to soften its deficit target for 2012 in a move that would undermine the credibility of a just-signed fiscal treaty meant to hold euro-zone members to tighter budget discipline...
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March 02, 2012
EU Signs Treaty to Prevent Future Debt Crises
All but two European Union countries signed a treaty for stricter budget discipline and enforcement for the euro zone on Friday...
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March 01, 2012
Are Euro Zone Manufacturing Woes Signaling a Recession?
February marks the seventh straight month in which euro-zone manufacturing has shrunk as new orders continue to decline and backlogs of work evaporate...
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March 01, 2012
ISDA: Greek Default Swaps Don’t Have to Pay
Greece's attempts to restructure its sovereign debt won't trigger credit default swap payments, the International Swaps and Derivatives Association decided Thursday, much to the chagrin of creditors who would have welcome the safe out...
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February 29, 2012
What Will Banks Do With €530B in Cash?
Euro-area banks borrowed a record amount of three-year cash from the European Central Bank on Wednesday, taking advantage of an operation that is meant to ease the effects of a credit crunch and boost bond and equity markets...
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February 28, 2012S&P Cuts Greek Debt to Selective Default
In a highly-anticipated move, Standard & Poor's cut Greece's debt rating to default on Monday, a first for any euro-zone nation...
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February 24, 2012
Recession Looms in Euro Zone
The euro zone is headed for a mild recession this year, the region's second economic contraction since 2008...
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February 22, 2012
Fitch Downgrades Greek Debt Citing Imminent Default
The downgrade comes just one day after the announcement that Greece secured a second bailout of 130 billion euros from its creditors...
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February 21, 2012
Greek Bailout Deal is Complete
In exchange for 130 billion euros, Greece has accepted severe austerity measures and strict conditions, and came to an agreement with private investors to accept even steeper losses than expected...
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February 17, 2012German President Resigns, Leaving Merkel to Clean Up the Mess
Germany's president resigned on Friday amid a scandal over political favors, dealing a heavy blow to German Chancellor Angela Merkel in the midst of the debt crisis...
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February 15, 2012China Pledges Support for Euro Zone’s Bailout Funds
China has pledged to invest in Europe's bailout funds and sustain its holdings of euro assets...
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February 15, 2012
Euro Economy Shrinks for the First Time in Nearly 3 Years
But despite the general doom and gloom surrounding all things Europe, the euro zone economy actually contracted less than forecast...
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February 14, 2012
Austerity: The Real Cost of Greece’s Bailouts
The cost of of Greece's two bailouts is harrowing austerity that not only makes real economic growth unlikely, but is largely to blame for a crippling recession...
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February 14, 2012Moody’s Cuts Spain and Italy, Puts France and U.K. on Negative Outlook
Moody's Investors Service downgraded the credit ratings of six European nations overnight and warned it may soon cut the triple-A credit ratings of France, Britain, and Austria as well...
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February 14, 2012
Spain’s Inaction Threatens Economic Growth, EU Sanctions
Spain's newly-installed government has come under fire for overstating last year's deficit figures and delaying austerity measures ahead of a regional election, and could now be facing sanctions and fines for violating a European Union agreement...
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February 13, 2012
ECB’s Free Lunch Saves Banks €120B
The European Central Bank's "free lunch" program could provide up to 120 billion euros in subsidies for private financial firms taking advantage of the ECB's new low-interest loans...
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February 13, 2012
Greece Passes Austerity Bill
The Greek Parliament approved a package of austerity reforms on Sunday, clearing the first of three hurdles it must overcome to qualify for a second bailout worth 130 billion euros...
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