 BigPond News | US to Europe: build bigger debt firewall Reuters US hopeful, but wary, on Europe's progress * Still won't ask Congress for more IMF money * G20 likely dominated by debt concerns By Glenn Somerville WASHINGTON, Feb 22 (Reuters) - US Treasury Department officials expressed cautious optimism on ... Treasury says Europe needs solid debt firewall Treasury's Brainard: More needed to help Greece |
 Wall Street Journal | Greek debt swap pay-out prospect weighed Financial Times But the insurance pay-out on Greek bonds defaulting, regarded as a near certainty if the country's politicians back forcing any unwilling creditors to accept losses on the Greek debt they hold, may have far-reaching repercussions. Greek Legal Maneuvers Raise Fears Of Euro-Zone Debt Fallout Greece prepares debt restructure Why Europe Hasn't Solved the Greek Debt Crisis |
 New York Times | Greece pores over bailout laws amid protests Reuters "The exchange, if completed, would constitute a 'distressed debt exchange'," Fitch said, downgrading Greece to C from CCC. When the bond swap is done the sovereign rating will drop further to 'restricted default' and then will be re-rated again "at a ... Hedge Funds Take Another Look at Greek Debt Debt Deal May Leave Greece on Short End Buyers Of Worthless Debt Keep Government Afloat |
Citigroup Sells Three-Year Debt With 2012 Goal of $20 Billion BusinessWeek Citigroup, which sold $3.5 billion of five- and 30-year debt last month, tapped the market as yields on bank debt fall to 4 percent as of yesterday from 4.8 percent at the start of the year, Bank of America Merrill Lynch index data show. |
 The Birmingham News - al.com (blog) | Authorities: Debt-collector scam bilked millions Boston.com February 21, 2012|Michael Tarm, AP A phone scam in which callers in India posed as debt collectors bilked millions of dollars out of more than 10000 US residents by using threats of arrest or the loss of their jobs, US authorities said Tuesday in what ... Debt collector scam targets Birmingham area residents Authorities: International bogus debt-collector scam swindles millions from US ... Regulators warn of 'phantom' debt collectors' |
 CBS Local | The State of Credit Card Debt in America Debtmerica Relief (blog) Americans cut their credit card debt by 11% last year, as compared to 2010, according to a new report by Credit Karma. While some analysts say this decrease is a positive sign, others feel it is the result of “weak consumer confidence, resulting in ... Credit Card Debt is Up, Consumer Wages Are Not: If You Are Taking On Debt ... Charlotte consumers' credit-card debt down 8 percent in 2011 Worcester Credit Card Debt Falls |
 Bloomberg | TREASURIES-Bonds jump on Greece, Middle East jitters Reuters * Worries about Greece, Middle East renew safety bids * Treasury's 5-year debt sale draws mediocre results * Some see rising oil prices curbing economic growth * Five-year TIPS breakevens flirt with widest since May * Seven-year auction may fetch bids ... Treasury 7-Year Special Repo Status May Fade After Debt Auction Treasurys Flat As Investors Balance Greece Doubts, US Debt Supply Treasuries Remain Higher as Five-Year Note Auction Yield Trails Forecast |
In Europe, spending cuts fail to ease debt burdens North County Times Far from falling, government debt burdens are rising fastest in European countries that have enacted the most draconian austerity programs, according to the Associated Press' Global Economy Tracker. (AP Photo/Pedro Acosta, File) Europe has endured the ... |
Analysis: Huge private debts pose bigger hurdle for euro zone Reuters By Alan Wheatley, Global Economics Correspondent | LONDON (Reuters) - Away from the markets' fixation with the debts of Greece and other governments, concern is growing at the painfully slow progress Europe is making in tackling a much bigger mountain ... |
 Bloomberg | Junk Returns Seen Soaring as European Debt Crisis Abates: Credit Markets Bloomberg Play Video Junk bond returns may triple from last year as confidence builds that Europe will avert a sovereign-debt crisis and investors turn their attention to a US recovery, according to analyst forecasts. JPMorgan Chase & Co. strategists led by ... |
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