Talks Begin on Greek Aid

Greece took a further battering from financial markets Wednesday as government officials began talks in Athens with the International Monetary Fund and the European Union over conditions for a package to help rescue the country from its debt crisis.

Interest rates on Greek bonds rose above 8%, the highest since Greece joined the euro in 2000, and the euro itself weakened.

Meanwhile, other bond markets around Europe displayed nervousness following a warning from the IMF that Greece's government-debt troubles could spread to other nations. Big budget deficits that have followed the economic slowdown and financial crisis promise a glut of government bonds in all major Western economies.

In a possible sign of bond-market jitters, Germany failed to sell all of a €3 billion ($4.03 billion) issue of 30-year bonds in an auction and Poland also failed to sell about $200 million in five-year bonds.

Read Full Article from Wall Street Journal

- Posted: 2010-04-21 13:25:11

More Stock Investor Place Top Stories

Anglo platinum arm sheds 14,000 jobs, risking unrest Apple falls below $500 US retail sales rose 0.5 percent in December, led by autos, furniture and clothing sales Recovery in U.S. Saving 8 Million Underwater Homeowners Facebook shares rise in buildup to mystery event, earnings

Stock Investor Place Top Stories Archive

January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008