Search Results for: Bank of Greece
What If You Had An Italian Bank Account? Or A Portuguese Bond?
July 3rd, 2015
Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only two ways: Continued austerity which consigns its most vulnerable 50% to an endless “capital D” Depression, or some form ...
Goldman: “Greece Will Remain In Euro Even If It Votes No”, And How Markets Will React
July 3rd, 2015
The time to negotiate the Greek referendum this Sunday has come and gone and at this point, one can only sit and wait as the vote results start trickling in on Sunday evening. And, as Goldman’s Huw Pill prudently ...
There’s a simple solution to Greece’s problems, but Europe won’t try it
July 2nd, 2015
An interview by Ezra Klein Adam Posen is president of the Peterson Institute for International Economics and, like every international economist right now, he’s glued to the drama in Greece. There is, he says, a simple solution to the ...
Greece crisis: Eurozone rules out talks until after referendum
July 2nd, 2015
Eurozone finance ministers have ruled out any further talks on a fresh bailout for Greece until the country holds its referendum on Sunday. Greeks will be asked to accept or reject proposals made by creditors last week, with Prime Minister Alexis ...
The 75 Trillion Dollar Shadow Banking System Is In Danger Of Collapsing
July 1st, 2015
Keep an eye on the shadow banking system – it is about to be shaken to the core. According to the Financial Stability Board, the size of the global shadow banking system has reached an astounding 75 trillion dollars. It has ...
Greece PM Tsipras Makes Move to End Bailout Deadlock
July 1st, 2015
Greek Prime Minister Alexis Tsipras accepted creditors’ proposals as a basis for compromise to end a standoff over its bailout. In a letter to European Commission President Jean Claude Juncker, European Central Bank President Mario Draghi and International Monetary ...
Asian Shares Hold Steady After Greece Defaults
July 1st, 2015
China shares take a break from choppy trading; investors calm as Greece’s default comes as little surprise China’s markets were roughly flat Wednesday as investors took stock of a choppy period of trading over the past two weeks that ...
Greece defaults on IMF payment despite last-minute overtures to creditors
July 1st, 2015
Greece‘s last-minute overtures to international creditors for financial aid on Tuesday were not enough to save the country from becoming the first developed economy to default on a loan with the International Monetary Fund. The IMF confirmed that Greece ...
EU in last-ditch bid to Greece, urges ‘yes’ vote to bailout
June 30th, 2015
The head of the European Commission made a last-minute offer to try to persuade Greek Prime Minister Alexis Tsipras to accept a bailout deal he has rejected before a referendum on Sunday which EU partners say will be a ...
SNP downgrades Greece and puts chances of Grexit at 50 per cent
June 30th, 2015
S&P has downgraded Greece‘s credit rating from CCC to CCC-, and says there is a 50 per cent chance it will leave the Euro. It made the change because it feels that, unless circumstances change, Athens will probably default ...
