German Finance Chief: Greece Will Need Another Bailout

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More aid for Greece almost certainly would prove controversial in Europe. Taxpayers in some financially stable countries, including Germany, have grown weary of the bailouts for debt-ridden countries in the 17-nation euro currency bloc. With the approach of next month’s national elections in Germany, Schaeuble’s assessment of Greece’s plight went well beyond what German Chancellor Angela Merkel has said publicly about the possibility of more assistance for Greece. She has said such a discussion can wait until nearer the end of Greece’s second bailout.

KKR Forms Maritime Finance Company

The current dislocation in the European banking sector has created a substantial funding gap in maritime asset financing. With Maritime Finance, we are capitalizing on an opportunity to fill an obvious void while at the same time aiming to provide compelling returns and attractive yields for our investors.” According to AMA Capital Partners, over $220 billion of debt capital is required by the maritime sector through the end of 2014 and an enormous capital commitment is required to deliver the current maritime orderbook. Total offshore and shipping orderbooks are valued at $238 billion at cost and the lack of financing is impacting orderbook growth beyond 2016. “This transaction is a perfect example of how KKR is delivering tailored solutions to clients through our capital markets and asset management platforms,” said Craig Farr, CEO of KFN and Global Head of KKR Capital Markets.

American Finance Solutions Named To Inc. 5000 List Of Fastest-Growing Private Companies In U.S.

The 2013 Inc. 5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To view the full Inc. 5000 list, visit http://www.inc.com/5000 . About American Finance Solutions American Finance Solutions (AFS) in Anaheim, CA is a top provider of merchant cash advances to small- and mid-sized businesses.

Weil’s View on Finance, Afternoon Edition

Greece coming back to the bailout trough? It would surprise no one if Greece winds up needing a new aid program. The news is that Germany’s finance minister, Wolfgang Schaeuble, just said it will. Bubble indicator of the day From Bloomberg News: “A five-bedroom house in Las Vegas sold in mid-July for $499,000, double the price it went for three months ago.

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