Search Results for: Bank of Greece
Signs the market is girding for a Greek default
April 21st, 2015
If the financial market is a good predictor, you’d better brace for a Greek default. Borrowing costs on Greece’s government bonds have rallied back to levels not seen since 2012, the cost of insuring against a default has surged ...
China, Japan stocks up as Beijing steps up stimulus
April 20th, 2015
Stock markets in China and Japan rose on Monday after Beijing’s latest stimulus to shore up the world’s second-largest economy underpinned sentiment and helped limit losses across the rest of Asia. China’s central bank on Sunday cut the amount ...
Talks will determine ECB’s stance
April 16th, 2015
Frankfurt extends the limit on emergency liquidity assistance for local lenders by another 800 mln euros A few hours after the European Central Bank extended the limit on the cash available to local lenders by another 800 million euros, ...
EU’s Energy Chief on the Hunt for Non-Russian Gas
April 15th, 2015
EU officials are holding talks with a range of non-Russian suppliers and one day could buy gas from Iran, Europe’s climate and energy chief has said, setting aside a Gazprom warning that Europe should not block its gas strategy. Russia’s Gazprom on Monday said blocking its ...
Alexis Tsipras flies to Moscow amid speculation of bailout from Putin
April 8th, 2015
Greek prime minister to sign accords with Russia, including gas price discount and possible loans in return for Greek assets, that would alarm EU creditors The Greek prime minister Alexis Tsipras, began a controversial visit to Moscow on Tuesday as ...
The Greek crisis and the clash of philosophies within the EU
April 7th, 2015
Listening to German Finance Minister Wolfgang Schäuble and his Greek counterpart Yanis Varoufakis speaking about the recent Eurogroup agreement on Greece, one could be forgiven for thinking they were talking about two completely different texts. There are obviously deep ...
Greek bonds are a risk for most but a big opportunity for some
April 6th, 2015
Small though it may be, the Greek government bonds market could under certain conditions prove to be the success story of the year, especially for those attracted by risk. Its size, according to market professionals, is around 10 billion ...
Asia up after dismal U.S. jobs data, dollar pressured
April 6th, 2015
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed from Friday to ...
Greek PM puts opposition on spot, reveals little on reform list, creditor talks
March 31st, 2015
As representatives of the Greek government and the country’s international creditors continued tough talks on a proposed list of Greek reforms in Brussels, Prime Minister Alexis Tsipras addressed Parliament in a speech that attacked the political opposition and failed ...
Yanis Varoufakis calls for end to ‘toxic blame game’
March 30th, 2015
Yanis Varoufakis has called for an end to the “toxic blame game” between Greece and Germany. The finance minister made the call as Greece prepares to finalise its list of economic reforms to present to its international creditors. The ...
