YTE Blog

Over the weekend, Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure a second international bailout and avoid national bankruptcy. Out of 300 lawmakers, a total of 199 backed the bill. The passing of the austerity bill was a boon for market traders who ...

After intense negotiations at the recent World Economic Forum in Davos, Switzerland, a deal with Greek bondholders seems imminent. In October 2011, the bondholders agreed to take a 50% cut in the face value of their bonds, worth more than 200 billion Euros. In simple terms, this means that bondhold...

Government leaders in Europe will meet this week in Brussels to discuss the debt crisis again.
 One of the key discussions would inevitably be the consequences of a Greek default. Last Friday, credit-default swaps protecting Greek debt from losses for five years came in at 2,415.07. According to Blo...