Articles About NYSE:EWK

  • 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...

  • IMF 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...

  • 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...

  • 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...

  • EU 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...

  • 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...

  • ISDA: 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...

  • 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...

  • ECB 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...

  • 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...

  • ECB 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...

  • 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...

  • European 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...

  • Spain 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...

  • 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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