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Bailouts

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  • *Ukraine wants bondholders to accept debt writedown. LONDON, March 26- A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as commercial paper, or as bilateral sovereign debt? Moscow bought the bonds from Kiev before a pro-Russian...

  • Ukraine bondholders face haircuts and extensions Wednesday, 25 Mar 2015 | 9:50 AM ET

    But Ukraine, as the country's finance minister points out, lacks the wealthy, albeit grudging euro zone backers that Athens has, and its $40 billion bailout is modest compared with the 240 billion euro Greek rescue. Creditors are preparing for battle, not least Russia, which is locked in conflict with Ukraine and holds $3 billion worth of the bonds.

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...

  • NEW YORK, March 23- U.S. Treasuries prices rose on Monday amid investor anxiety over negotiations between Greece and its creditors over the terms of a 240- billion-euro bailout for the cash-strapped nation. "This is an incredibly important week for Greece.

  • BERLIN/ ATHENS, March 23- Greek Prime Minister Alexis Tsipras, pressing for cash to keep his country afloat, began talks with Germany's Angela Merkel on Monday after Berlin ruled out any breakthrough in differences with the euro zone over Athens's international bailout. Tsipras' pledge to submit a full reform package within days to unlock money that Greece...

  • Treasuries prices rose on Monday amid investor anxiety over negotiations between Greece and its creditors over the terms of a 240- billion-euro bailout for the cash-strapped nation. "This is an incredibly important week for Greece. The level of anxiety could run high but there is still optimism there will be a resolution between Greece and its creditors, "said...

  • BERLIN/ ATHENS, March 23- Germany's Angela Merkel does not expect talks on Monday with Greek Prime Minister Alexis Tsipras to resolve his differences with the euro zone over Greece's bailout but she does want to hear from him in person about his reform plans, an aide said. Tsipras' talk of coming up with a new reform package within days to unlock the cash that Greece...

  • Can Greece make up with Germany?   Monday, 23 Mar 2015 | 5:00 AM ET
    Can Greece make up with Germany?

    Greek Prime Minister, Alexis Tsipras, is due to meet German Chancellor, Angela Merkel, to discuss debt negotiations. CNBC's Annette Weisbach discusses what to expect.

  • Greek, German leaders seek to reboot relationship Monday, 23 Mar 2015 | 3:30 AM ET

    In his first visit to Germany since coming to power in January, Tsipras sounded a conciliatory note— though he stopped short of promising anything concrete on reforms that creditors like Germany want to see before they pay more money. Amid increased tensions between Greece and Germany in recent weeks over the bailout talks, Tsipras said Merkel had invited him...

  • NEW YORK, March 20- American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. The U.S. Justice Department and U.S. Securities and Exchange Commission closed related probes...

  • ATHENS, March 21- Greece's parliament on Saturday approved a bill that offers hefty cuts in fines and long repayment plans to citizens owing billions of euros in overdue taxes in a bid to boost depleted state coffers. Greece is due to receive 7.2 billion euros in remaining European Union/International Monetary Fund bailout funds if it delivers on its reforms.

  • NEW YORK, March 20- American International Group Inc shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion in federal bailouts. The U.S. Justice Department and U.S. Securities and Exchange Commission closed related probes...

  • Peter Shumlin on Friday announced contingency plans for a federal government takeover of the state's troubled health insurance exchange and an alternative hybrid federal-state system. Vermont Health Connect still isn't meeting its goals, and if it doesn't meet two key ones in the coming months, Vermont could scale back its handling of the project in favor...

  • BRUSSELS, March 20- Greece promised on Friday to speed up implementation of its extended bailout agreement and send a full list of detailed reform proposals to its euro zone partners in the coming days, German Chancellor Angela Merkel said. After an overnight mini-summit with Greek Prime Minister Alexis Tsipras, French President Francois Hollande and heads...

  • WRAPUP 5-EU tells Greece time, patience running out Thursday, 19 Mar 2015 | 3:46 PM ET

    BRUSSELS/ BERLIN, March 19- Euro zone leaders told Greece on Thursday its leftist-led government must implement agreed reforms to avert a looming cash crunch that could force it out of the single currency. Greece has been kept from bankruptcy by two international bailouts but now risks running out of money within weeks if it does not receive more funds.

  • UK PM: Let's not go backwards on Greece   Thursday, 19 Mar 2015 | 12:10 PM ET
    UK PM: Let's not go backwards on Greece

    Will Germany and Greece ever find an agreement that works for both of them? CNBC's Julia Chatterley discusses the latest, with responses from Greece's Prime Minister, Alexis Tsipras, and UK Prime Minister, David Cameron.

  • Greece: When will the blame game end?   Thursday, 19 Mar 2015 | 12:00 PM ET
    Greece: When will the blame game end?

    Bob McKee, chief economist at Independent Strategy Ltd, discusses Greece in terms of what they can do to pay back their debt.

  • AMSTERDAM, March 19- The supervisory board of ING, the Netherlands' largest bank, said Thursday it will increase executives' base salaries to partly compensate for a new Dutch law limiting bonuses to 20 percent of base pay. ING was barred from paying any bonuses in recent years while it repaid the taxpayer-funded 10- billion-euro bailout it received at the time of...

  • ATHENS, March 19- Greek banks saw deposit outflows of about 300 million euros on Wednesday, the highest in a single day since a February deal with the euro zone that staved off a banking collapse, two senior Greek bankers familiar with the matter said on Thursday. The fears receded after a Feb. 20 deal extending Greece's bailout but have risen again in recent days as...

  • Greek leader defiant ahead of bailout meeting Wednesday, 18 Mar 2015 | 8:17 AM ET

    ATHENS, Greece— Greek Prime Minister Alexis Tsipras insisted Wednesday his government will honor an election promise to end budget austerity— a note of defiance ahead of an expected meeting with the leaders of Germany and France on the country's troubled bailout. Tsipras is expected to meet German Chancellor Angela Merkel, French President Francois...