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Britain could be forced to hand over £40billion to the IMF
But political opponents refused to work with him and he has agreed not to lead the new administration. Greece will run out of money next month and, in return for halving its debts, eurozone leaders led by Germany's Angela Merkel and France's Nicolas
Updated: 11/06/2011 07:05P
Debts of Defunct Law Firms Haunt Partners in Next Job
Unlike many other businesses, law firms usually don't have big inventories, costly equipment or sizable chunks of real estate to sell off. "The most valuable assets of a law firm go home every night," says Mr. Rubin. Howrey bankruptcy trustee Allan
Updated: 11/06/2011 07:03P
Greece's Papandreou, Socialist scion, felled by debt
ATHENS - Greek Prime Minister George Papandreou was elected as a Socialist who would lavish jobs and benefits on the poor and working class, but was brought down two years later by an economic crisis that forced him to do the opposite.
Updated: 11/06/2011 06:44P
Grand opera returns to Baltimore
The long-awaited rebirth of grand opera in Baltimore, after the bankruptcy and liquidation of the venerable Baltimore Opera Company in 2009, was proclaimed on Friday night. Lyric Opera Baltimore, a new company also based in the Lyric Opera House,
Updated: 11/06/2011 06:25P
Margin changes could breed volatility
The MF Global bankruptcy forced traders to move there positions to new brokers but the bankruptcy judge ordered that 40% of client margin be held back. This left positions underfunded so exchanges lowered margin requirements. More from the FT.
Updated: 11/06/2011 06:24P
Greek parties set for more wrangling as bankruptcy looms
ATHENS: Greek leaders begin a second day of talks and behind-the-scenes wrangling to break a political deadlock that threatens to push the debt-laden nation closer to bankruptcy and out of the euro zone. Greece's president has appealed for cooperation
Updated: 11/06/2011 06:21P
Debt fells Greece's socialist scion
The soft-spoken, genteel George Papandreou has struggled to follow in the footsteps of his elder statesman grandfather and larger-than-life father, who each served multiple terms as prime minister and towered over Greek politics for much of the past
Updated: 11/06/2011 06:13P
Socialist Papandreou felled by debt
He is expected to step down soon, after the presidency announced today that his PASOK party and its conservative opponents had agreed to form a national unity government to stave off bankruptcy. One of the conservatives' main conditions for
Updated: 11/06/2011 06:08P
Newsmaker: Greece's Papandreou, Socialist scion, felled by debt
He is expected to step down soon, after the presidency announced on Sunday that his PASOK party and its conservative opponents had agreed to form a national unity government to stave off bankruptcy. One of the conservatives' main conditions for
Updated: 11/06/2011 06:00P
Greece seals deal on new coalition
Papandreou and Samaras had been scrambling to hammer out a deal before a meeting by finance ministers of euro countries in Brussels on Monday, to show that Greece is serious about taking steps needed to stave off bankruptcy.
Updated: 11/06/2011 05:56P
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