Category Archives: Financial Crisis

When will UK bailout banks be ready to repay Government

Many people are wondering when the UK banks that received bailout money are going to start to repay the Government, and more importantly, when they will start to see the effects of the repayment, given the fact that it was … Continue reading

Posted in Financial Crisis | Tagged Bradford & Bingley, Northern Rock, UK banks, When will UK bailout banks be ready to repay Government | Leave a comment

What would default mean for Greece?

At this point it is becoming very clear to experts, and those who simply read the news, that Greece is not going to be able to pay its debts, but the question on everyone’s minds is what actually happens to … Continue reading

Posted in Business News, Financial Crisis | Tagged bailout money from EU countries, Greece and Portugal, What would default mean for Greece? | Leave a comment

Greek PM denies reports that national treasures to be sold

Despite rumours that public assets national treasures could be seized by international creditors to pay of Greece’s international debts, the Prime Minister of the country continues to deny that such prospect has even been considered. This week George Papandreou has … Continue reading

Posted in Financial Crisis | Tagged asset sales, bailout, cabinet meeting, Debt, EU, eurozone, Finance, Financial Crisis, george papandreou, greece, greeks, international creditors, international debts, Middle East, monitors, national monuments, national treasures, owned properties, prime minister, proactive steps, public assets, rumours, suggestion | Leave a comment