Page 9 - Greece Crisis

Greece may cause churn in Indian stocks, debt market: Assocham

Greece is currently facing a payment crisis, which is scheduled to repay a debt of $1.8 bn to IMF on June 30

Neil Irwin: Is Greece like Lehman Brothers?

If Greece were to do the nation-state equivalent of filing for bankruptcy - repudiate its debts, exit the eurozone, devalue its currency - it would cause catastrophic ripples across Europe

In Greek tax proposals, businesses' agony

In its proposal to creditors, Greece calls for new corporate taxes, other revenue-raising measures

No deal for Greece and creditors

Without a deal by the weekend to unlock frozen aid, Greece is set to default on a crucial repayment to the IMF next Tuesday

10 reasons why Greece is on precipice of biggest ever debt default

Economists Carmen Reinhart and Kenneth Rogoff say Greece has spent 50 of the past 200 years in default

Shares trim weekly gain on Greece concerns

The S&P BSE Sensex lost 0.3% to 27,811.84 at the close in Mumbai, reducing its second straight weekly gain to 1.8%

A managed Grexit

Greece and the 'troika' must accept reality

Europe urges tourists to carry cash

European nations on Sunday urged their nationals to carry cash with them when vacationing in Greece as the country hurtles towards a banking crisis.The German foreign ministry recommended that tourists "take sufficient amounts of cash" when visiting Greece, a top vacation spot for Germans, keep tabs on the evolving situation and check for any updates to its travel recommendations.Britain's foreign office warned travellers "of the possibility that banking services - including credit card processing and servicing of ATMs - throughout Greece could potentially become limited at short notice". It said "make sure you have enough euros in cash to cover emergencies, unforeseen circumstances and any unexpected delays".If capital controls are imposed, businesses may not want to accept credit cards any longer as they would have trouble accessing their bank accounts, even if card transactions are authorised."There is some information according to which some restaurants and filling stations haven't

Greece to shut banks, stock exchange on Monday

ECB had made it difficult for the banks by freezing the level of funding support it gives the banking system

Greece crisis may have indirect impact on India: finance secretary

The financial crisis in Greece may have an indirect impact on India and the government is in touch with the Reserve Bank to deal with the situation, Finance Secretary Rajiv Mehrishi said on Monday.

Panic among hedge fund investors

For investors around the world looking at Greece, there was but one question Sunday: What is going to happen when the markets open on Monday?That question is particularly acute for the hedge fund investors - including luminaries like David Einhorn and John Paulson - who have collectively poured more than euro 10 billion into Greek government bonds, bank stocks and a slew of other investments.This weekend, Nicholas L Papapolitis, a corporate lawyer here, was working around the clock comforting and cajoling his frantic hedge fund clients."People are freaking out," said the 32-year-old Papapolitis, his eyes red and his voice hoarse. "They have made some really big bets on Greece.But there is no getting around the truth of the matter, he said. Without a deal with its European creditors, the country will default and Greek stocks and bonds will tank when the markets open.Panicky depositors spent the weekend pulling an estimated euro 1 billion from the banking system, stashing the cash in the

Claude Smadja: A Greek band-aid

At best, the deal between Athens and its creditors can buy time for a realistic solution to be found