Search Results for: ECB
‘Currency war’ to be ‘lose-lose’ game: Strategist (video)
February 4th, 2015
With each fresh headline of a central bank cutting interest rates comes rising concerns over the global race to the bottom. As the U.S. contemplates coming off policies that suppressed the dollar’s value, its counterparts are heading in the ...
How Greece could accidentally stumble out of the euro
February 4th, 2015
In less than four weeks the international lifeline that has kept Greece afloat for five years is due to expire. Debt repayments are looming and the country is running out of funds. Lenders won’t forgive Greece’s huge debts so ...
European Central Bank resists latest Greek bailout plan
February 4th, 2015
The European Central Bank is resisting a key element of the Greek government’s new rescue plan, potentially leaving Athens with no source of outside funding when its international bailout expires at the end of the month. Yanis Varoufakis, Greek ...
Greek Signals of Compromise Send Markets Soaring
February 4th, 2015
Greece’s new leaders, on a hopscotch tour of European capitals, convinced markets on Tuesday they are eager for a deal with creditors, but their still fuzzy proposals await a harder hearing from Athens’s toughest lender: the German government. Investors ...
Greek markets cheer renewed optimism around debt deal
February 3rd, 2015
Greek markets rallied this morning, after an apparent easing of tensions over the country’s bailout programme thanks to a debt swap programme devised by new finance minister Yanis Varoufakis. The Athens Stock Exchange (ASE) jumped as much as 7.7 ...
Investors Pour Record Amount Into European High-Yield Bond Funds
February 3rd, 2015
Over €1 billion Moved Into European High-Yield Bond Funds in Week Ending Jan. 28. Mario Draghi plans to get Europe’s economy up and running, but he has also sent investors stampeding into riskier corners of the region’s bond market. Investors ...
Greece finance minister reveals plan to end debt stand-off
February 3rd, 2015
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...
Potential For Deflation Is Becoming A Big Threat For 2015
February 2nd, 2015
The fears after 2001 were that the Fed’s easy money policies to pull the economy out of the 2001 recession, followed by even more easing, including the near-zero Fed Funds rate instituted after the 2008 financial meltdown, would result ...
Greeks fly in for debt showdown
February 2nd, 2015
The anti-austerity Greek finance minister is to meet with chancellor George Osborne today as part of a Europe-wide charm offensive to win over creditors and fellow politicians. Investment bank Lazard has been hired by the Greek government to advise ...
Greek finance minister: ‘End the vicious cycle’
January 28th, 2015
Greece‘ s newly elected government will look to “end the vicious cycle” of bailout and borrowing that has persisted through years of financial crisis, Finance Minister Yanis Varoufakis told CNBC on Tuesday. Varoufakis is a member of the Cabinet ...
