Search Results for: National Bank of Greece
Is the ECB allowed to buy sovereign bonds?
January 13th, 2015
The European Court of Justice is looking into whether the ECB’s plan to buy sovereign bonds is really within its mandate. Experts expect the central bank to start its program soon, in a bid to head off deflation. “The ...
Markets retreat as oil plunges
January 7th, 2015
World stock markets tumbled on Monday on continued fall in oil prices and surging dollar. Sell-off of US equities dragged US stock indices down, with Dow Jones Industrial and the S&P 500 recording their worst losses since October. Investors ...
Euro Falls to Two-Year Low Amid Greek Concern as Yuan Weakens
December 30th, 2014
The euro declined to a two-year low versus the dollar on concern anti-austerity opposition party Syriza will win Greek elections next month, endangering the country’s bailout agreement. The 18-nation euro fell versus 11 of its 16 major counterparts amid ...
5 Worst Performing Markets of 2014
December 29th, 2014
These indices have been hit hard by headwinds over the past 12 months, resulting in losses for investors. What does the future hold for these five indices? MSCI Russia Russian corporates this has been a terrible year, though it ...
Euro Is 0.3% From Two-Year Low Before Greek Ballot; Aussie Gains
December 29th, 2014
The euro traded 0.3 percent from a two-year low as Greece’s prime minister attempts to get his presidential candidate confirmed and avoid an early parliamentary election that risks severing the nation’s international lifeline. Australia’s dollar rose for a fourth ...
Decline and Fall of the Demagogues
December 19th, 2014
This article could have been entitled ‘The Bonfire of the Vanities’ (with apologies to the book’s author Tom Wolfe) as it too is all about ruthless ambition, political sleaze and rampant greed. However, as vanity in others is regarded ...
How the EU Plans to Turn $26 Billion Into $390 Billion
November 24th, 2014
The European Union is planning a 21 billion-euro ($26 billion) fund to share the risks of new projects with private investors, two EU officials said. The new entity is designed to have an impact of about 15 times its ...
EU leaders weigh plan for Greek exit from bailout
November 4th, 2014
Eurozone leaders are weighing a plan to allow Greece to exit its four-year-old bailout at the end of the year by converting nearly €11bn of unused rescue funds into a backstop for Athens for when it raises cash from ...
The Age of Vulnerability
October 13th, 2014
Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty report, shows that, despite the economy’s supposed recovery from the Great Recession, ordinary ...
Where Next? A peek through the Macro Lens
October 9th, 2014
Financial markets have been on a heady ride since the financial crisis began in 2008. It looks like we are now at a very critical juncture which will define how things play out over the next 18-24 months. There ...
