No plans made by Greece for debt restructuring
Greece has said that till now it has made no plans for a debt restructuring while the German officials has clear made discussion regarding the expected happenings in the near future. Investors have charged a record amount so as to cover the country’s obligations.
In an interview which was held on 16 April in Washington, Greek Finance Minister George Papaconstantinou has said that they were discussing over restructuring which is not an issue. The work and labour of doing so would be greater than repaying lenders.
Moreover Greece has been getting the support from International Monetary Fund Managing Director Dominique Strauss-Kahn and French Finance Minister Christine Lagarde. Earlier German Finance Minister Wolfgang Schaeuble has said that there is a need of further measures if Greece fails June stocktaking.
German Deputy Foreign Minister Werner Hoyer has considered that restructuring would not be a disaster in near future. He has said this to Bloomberg News last week.
CMA prices for credit-default swaps have stated that the cost of insuring Greek government debt has risen to a record 1,155 basis points on April 15.
Microsoft has confirmed that some part of Windows 10 source code has leaked online. Some of the leaked source code was posted to Beta Archive this week. Beta Archive website keeps track of Microsoft Windows releases.
Google will stop scanning content of emails in future for serving advertisements to users based on content of their emails. Google has been criticized for this controversial advertising technique by privacy advocates.
Austrian government’s plan to offer Euro 1,000 to migrants to return home has found limited number of takers. As per Interior Ministry data, 427 migrants have accepted the offer.
American aviation major Boeing has signaled its intent to unveil a modified version of its 737 MAX 10 aircraft at the opening of the Paris Airshow on Monday this week.
The odd dual-screen device called the YotaPhone 3 has been officially announced in the East Asian country of China for 2017 release.
After successfully launching its first X-ray space telescope, China is now preparing to launch four more space probes before 2021 as part of the ongoing efforts to develop space science.