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Tag Archives: Politics of Greece

S&P rates new Greek bonds CCC ( Selective Default maintained) | Insight Europe

S&P maintained SD ratings on Greece instead of springing them back to the appropriate junk rating as they rated the new issue UK Law bonds worth $109.2 bln (53% FV) … Continue reading

March 15, 2012

European Sovereign Debt Crisis: The secret of the S&P Greece downgrade

Greece was downgraded to a “selective Default” outlook earlier today actioning the loss of bondholders’ rights from the new CACs inserted in the Greek Government bonds retroactively. As the new … Continue reading

February 27, 2012

European Sovereign Debt Crisis: Greek Swap Deal consumed, profits done

The European Central Banks as the ECB collectively had purchased $50 bln of these Greeks ( GGBs ) fromt he flailing government and now the bonds will be exchanged to … Continue reading

February 16, 2012

European Sovereign Debt Crisis: 2012 Hellenic Summit Games

The Finance Minsters meeting has rejected the maximum offer from the private investors allowing the Greek government to again engage the investors in deal negotiations which no one expects to … Continue reading

January 24, 2012 · 3 Comments

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