Greece
ECB decision could be critical in Greek debt crisis
If Greek debt is downgraded again, much will depend on whether the ECB decides to keep accepting it as collateral.
Banks run eurozone crisis scenarios as Greece founders
With markets anticipating a Greek debt restructuring, bank traders and risk managers are preparing for a wider crisis that could drag in northern European countries, tip the euro into a tailspin or even threaten the eurozone’s integrity.
Sovereign default the greatest threat: IMF
Sovereign default risk has soared and is the biggest threat to near-term stability, some segments of banking systems also present dangers
Whistle-blower calls for ban on local government derivatives use
Italian academic Gustavo Piga, who first identified the deceptive use of derivatives by one European state in 2001, believes local governments should be banned from using derivatives products.
Greece’s $40 billion bailout an improvement, but issues remain
Markets soothed as firm details of Greek rescue plan are announced, eurozone will provide €30 billion at discounted 5% rate for year forward, analysts less convinced
Sovereign CDS: Cat or canary?
Sovereign credit default swaps have become magnets for controversy amid worries about the condition of government finances. Does the market really reflect the probability of default and has too much attention been paid to it?
