Search Results for: Bank of Greece
Gold price to climb as fears of a ‘Grexit’ rise
June 18th, 2015
The price of gold is tipped to rise as investors use the precious metal as a hedge against financial fallout from Greece’s ongoing debt crisis. Gold has been trading at about $US1180 per ounce in the last week, and ...
Bitcoin surges as Grexit worries mount, posts best run in 18 months
June 17th, 2015
Bitcoin surged by as much as 7 percent on Tuesday and was on track for its longest winning streak in 18 months, as concerns that Greece could tumble out of the euro drove speculators and Greek depositors into the ...
Greek Prime Minister Tsipras demands debt relief
June 17th, 2015
Any agreement between Greece and its lenders will have to include several elements, including debt relief, Prime Minister Alexis Tsipras said Tuesday as he aimed more criticism at the country’s creditors. Speaking in Parliament at a meeting of SYRIZA’s ...
China shares fall, other Asian markets mixed ahead of Fed
June 17th, 2015
Chinese stocks fell for a third day and other Asian markets were mixed Wednesday as investors looked ahead to the U.S. Federal Reserve‘s policy update. KEEPING SCORE: The Shanghai Composite Index shed 2.4 percent to 4,769.73 and Tokyo’s Nikkei ...
We’re All Greek Now — Some Just Don’t Know It Yet
June 16th, 2015
Let’s see…a heavily-indebted country can’t pay its bills, engages in a long series of failed attempts to manage a partial, controlled default, sees most of its capital flee to safer venues, and then, in a final act of desperation, ...
China Shares Fall as Startup Shares Get Pricey
June 16th, 2015
Stocks in Asia mostly fell Tuesday, with China leading the decline, as investors there sell shares in highflying startup stocks that have gotten expensive. The Shanghai Composite Index was down 0.9% at 5019.42 following a 2% drop Monday, while ...
European solidarity: The future of Europe and the euro depends on political leaders
June 15th, 2015
Will a Grexit Be the Lehman-Like Trigger of the Next Global Financial Crisis? European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors’ demands far more than halfway. Yet Germany ...
Asian shares drift higher, dollar keeps gains
June 12th, 2015
Asia share markets made guarded gains on Friday and the dollar held firm in the wake of reassuringly upbeat U.S. retail data, though the mood was cautious as Greek debt talks took yet another confusing turn. Activity was sparse ...
Fast Facts about the Debt Crisis in European Countries
June 11th, 2015
Here’s a look at the European Debt Crisis which has affected the countries of Cyprus, Greece, Ireland, Italy, Portugal and Spain. Cyprus: July 11, 2011 – A munitions explosion at a naval base kills 13 people and destroys the ...
EU says time for Greek ‘happy ending’
June 11th, 2015
EU Commissioner Pierre Moscovici has said a Greek debt deal is close but needs a “happy ending”, as Greek Prime Minister Alexis Tsipras pushes for an agreement in Brussels. After a late-night meeting with French and German leaders, Mr ...
