LANSING, Mich. (AP) — Michigan’s governor signed a $617 million bailout and restructuring plan for Detroit’s public schools on Tuesday June 14th, two years after the state committed money to help end the city’s bankruptcy. The debt-ridden Detroit Public Schools has been managed by the state for seven years, yet has continued to face plummeting … Continue reading
LANSING, Mich. (AP) — The Michigan Legislature narrowly approved a $617 million bailout and restructuring of Detroit’s debt-ridden school district early Thursday, two years after the state spent less than a third of that amount to help the city government emerge from bankruptcy. The legislation goes to Gov. Rick Snyder, who hopes to sign it … Continue reading
ATHENS, Greece (AP) — Greek bailout negotiators sought Monday to narrow their differences with international creditors following days of acrimony over rival reform proposals for a deal to unlock Greece’s remaining rescue funds. With Greece facing an end-of-month deadline to secure a deal, government spokesman Gabriel Sakellaridis said negotiators were in Brussels to explore the … Continue reading
ATHENS, Greece (AP) — Greece submitted a proposal for an agreement with its bailout lenders, the country’s prime minister said Tuesday, in the hope of getting desperately needed rescue money — but its creditors were quick to respond that much work remained to be done. Alexis Tsipras said his government had made compromises in the … Continue reading
ATHENS, Greece (AP) — The pressure on Greece’s new government to conclude a deal with bailout creditors ratcheted up Friday as Standard & Poor’s cut its credit rating on Greece further into junk status and warned over the country’s possible exit from the 19-nation eurozone. Even though the ratings agency lowered Greece’s long-term rating … Continue reading
Spartan Echo 