US cities with military bases risk economic damage in debt ceiling fight: CNN

The United States could default on its debt in less than two weeks, and cities with a large military presence risk an economic firestorm if lawmakers don't act, according to a recent CNN report.

US Treasury Says Government May Default on Debt as Early as June

 US Treasury Secretary Janet Yellen sent a letter to Republican House Speaker Kevin McCarthy warning him that the federal government could hit its spending limit by June 1 if Congress does not raise the debt ceiling.

Treasury Secretary Warns US House Members of 'Economic Collapse' from Default

US Treasury Secretary Janet Yellen urged members of the US House of Representatives on Friday to raise the federal debt ceiling without conditions, warning that a default on US debt would cause "economic and financial collapse".

EU Reports Wave of Bankruptcies

The number of insolvencies among EU businesses surged to the highest level during the final three months of 2022 since records began in 2015, as the bloc teeters on the edge of a recession, statistics agency Eurostat reported.

Ukraine expected to keep paying debt: IMF

The International Monetary Fund (IMF) expects Ukraine to continue to service its foreign debt, an IMF spokesperson has said, as speculation grows that Kyiv could default on its debt as the battle against Russia’s invasion rages on.

Russia misses deadline on debt payments

Russia has missed the deadline on payment of its foreign-currency sovereign debt for the first time in a century as the 30 day grace period on about $100m of two bond payments due on May 27 expired on Sunday.

Proche du défaut de paiement, le Venezuela face à une journée-clé

Deux réunions, l'une à Caracas et l'autre à New York, pourraient décider lundi du destin du Venezuela, au bord du défaut de paiement, une option farouchement niée par le président Nicolas Maduro, contre l'avis de toutes les agences de notation.

Ukraine Says Won't Repay Russian Debt Due By Weekend

Ukrainian Prime Minister Arseniy Yatsenyuk says his country won't repay a $3 billion debt Eurobond owed to Russia by this weekend.

Ukraine seeks debt-restructuring talks with Russia

The Ukrainian Finance Ministry said on Thursday it wanted to talk with Russia in a bid to search common ground over the restructuring of Kiev's 3-billion-US-dollar debt, which matures on Sunday.

Ukraine’s sovereign default: Russia to sue Ukraine if debt is not repaid by December 20 — (Russia’s finance ministry)

Russia is set to file a lawsuit against Ukraine if Kiev fails to have repaid the $3-billion debt by December 20, Russia’s Finance Ministry said on Saturday.

Greek farmers hold protest rally over tax hikes, pension cuts

Thousands of Greek farmers took to the streets of Athens on Wednesday in protest of a new round of tax hikes and pension cuts promoted by the government as part of efforts to tackle its debt crisis.

Russia agrees to restructure Ukraine's debt — (Putin)

Russia has proposed to Ukraine to pay in installments in 2016-2018 years, $1 bln per year, the Russian President Vladimir Putin said Monday.

Kiev threatens with moratorium on debt repayment to Russia

Ukraine intends to introduce a moratorium on the payment of its $3 billion debt to Russia, if Moscow refuses to hold further negotiations on the debt restructuring, Ukraine’s Prime Minister Arseniy Yatsenyuk said during a joint press conference with US Treasury Secretary Jack Lew on Friday.

Russian, Ukrainian finance ministers fail to agree on Kiev’s $3bln debt restructuring

The finance ministers of Russia and Ukraine reached no agreement on Friday to restructure the $3 billion debt Kiev owes to Moscow, but will maintain the dialogue, Russian Finance Minister Anton Siluanov has said.

Ukraine PM Calls Debt Deal A Blow to ’Enemy’ Russia

Ukrainian Prime Minister Arseniy Yatsenyuk said Thursday that the crucial debt deal struck between Kiev and its private creditors had delivered a blow to "enemy" Russia.

NO is YES to viable debt deal, says Greek PM after NO wins in referendum

Greek voters' resounding NO to the international creditors' debt deal offer in Sunday's landmark referendum does not mean a rift with Europe, but a YES to a viable agreement, Greek Prime Minister Alexis Tsipras said in a televised address on Sunday night.

Moody's Cuts Greece Rating Deeper Into Junk Territory

 Moody's cut its credit rating for Greece to a deep-junk "Caa3" on Wednesday, warning it is now less likely that official creditors will support the country, whatever happens in Sunday's referendum.

Greek crisis: Neighbouring countries issue assurances

Greece’s four neighbouring countries have issued assurances in the wake of the country’s financial and economic crisis, imposition of bank closures and credit controls and as it appears headed for default.

Athens has plan B if EU refuses to finance Greece

Athens has "plan B" in case the EU does not resume its financial aid to Greece, Energy Minister Panagiotis Lafazanis said in an interview with the Rossiya 24 TV channel.

Greece proposes two-year debt deal with ESM to avert default

 Greece's government proposed a two-year debt deal with the European Stability Mechanism (ESM) in a last-minute bid to avert the countdown to default and a possible Grexit, office of Greek Prime Minister Alexis Tsipras said on Tuesday.