Merkel denies debt write-down for Greece (Aug 2013)

eu_bailout_summit

Source: RT – Pre-election talk: Merkel denies debt write-down for Greece

Notable excerpts:

German Chancellor Merkel has spoken out against a debt write-down for Greece, adding a third bailout is possible from 2014. In the lead up to September’s elections this is another German attempt to reassure voters Greece’s rescue won’t cost them more.

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Rupee Falls To New Record Low Against The Dollar (Aug 2013)

rupee

Source: BBC – Rupee falls to new record low against the dollar

Notable excerpts:

The Indian rupee has continued to fall, hitting a fresh all-time low against the US dollar, despite recent measures by the government to stem its decline.

It fell to as low as 62.49 against the US dollar in early trade on Monday.

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Costly Greece: IMF Says Lenders Need To ‘Forget’ About €7.4bn Of Its Loans (Aug 2013)

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Source: RT – Costly Greece: IMF says lenders need to ‘forget’ about €7.4bn of its loans

Notable excerpts:

Eurozone governments should be prepared to write off big chunks of their loans to Greece, around about €7.4bn within the next two years, according to the IMF.

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Portugal’s Political Crisis Sends Its Borrowing Costs Soaring (Jul 2013)

euro_crisis

Source: Reuters – Portugal’s political crisis sends its borrowing costs soaring

Notable excerpts:

Portuguese borrowing costs surged on Wednesday as rising political tension in the bailed-out country prompted investors to dump riskier assets on concerns the euro zone debt crisis could be set to flare again.

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