 New York Times | Rating cut comes as Greece seeks to cut €107bn off debt Irish Times GREECE HAS seen its credit rating cut as the country races to complete preparations for a deal to trim its debt by up to €107 billion in its second EU-IMF bailout. With demonstrators against austerity out in force on the streets of Athens yesterday, ... Hedge Funds Take Another Look at Greek Debt Debt Deal May Leave Greece on Short End Buyers Of Worthless Debt Keep Government Afloat |
 Bloomberg | Treasury says Europe needs solid debt firewall Baltimore Sun WASHINGTON (Reuters) - It is "critical" that Europe put up a convincing firewall against the risk of financial contagion from its debt crisis before more aid from the International Monetary Fund is discussed, a top Treasury Department official said on ... US to Europe: build bigger debt firewall Japan says planning to give IMF up to $50 bn 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 |
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. |
In Europe, spending cuts fail to ease debt burdens Pekin Daily Times By Paul Wiseman AP Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control. Far from falling, debt burdens are rising fastest in European countries that have enacted the most draconian ... |
 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 ... Scam debt collectors bilked millions through intimidation |
 Telegraph.co.uk | Fitch downgrades Greece on debt swap deal Aljazeera.com Greece, bolstered by a hard-won 237bn euros ($310bn) rescue package on Tuesday, suffered a fresh setback when international ratings agency Fitch said a Greek debt default was "highly likely in the near term" despite the latest aid. Greece pores over bailout laws amid protests Debt crisis: live Fitch Cuts Greek Rating, Says Debt Exchange Equals Default |
 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 |
 BBC News | India call centres 'used in US debt collection fraud' BBC News Callers from the Indian centres posed as "phantom debt" collectors who targeted people who had applied for small online loans. The Federal Trade Commission said two-California based firms and their owner had made $5m (£3.2m) from the fraud. Indian call centres used for $5m debt-collection scam Beware of fake debt collection calls India call centers in debt collection fraud |
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