Search Results for: European Central Bank
Greece crisis: Emergency summit called for Monday
June 19th, 2015
An emergency summit of leaders from eurozone nations will be held on Monday, after the latest attempt to resolve the Greek debt crisis failed. A meeting of finance ministers on Thursday made no breakthrough. Head of the Eurogroup, Jeroen ...
What Happens If Greece Defaults On IMF, ECB And Leaves The Eurozone?
June 18th, 2015
Time is running out–yet again–for Greece. The most heavily indebted country in the Eurozone is headed for a showdown with its creditors that may result in a default on its debt, and possibly in its leaving the euro. The ...
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 ...
What is the cost if Greece exit Eurozone?
June 15th, 2015
Grexit to Cost the World One Trillion Euros in Losses Greek Finance Minister Yanis Varoufakis has estimated that Grexit would cause the international economy a trillion euros in losses, besides, there will be a considerable political damage as “the ...
Greece Enters Fateful Week as Talks End Fruitlessly
June 15th, 2015
Greece enters what could be a defining week after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday. The euro dropped as the European Commission said the talks in Brussels had broken up after ...
Brussels talks halted as pressure on Greece mounts
June 12th, 2015
The International Monetary Fund has withdrawn its delegation from negotiations in Brussels aimed at breaking an impasse and unlocking crucial loans, citing significant differences with the Greek side following another round of talks between Prime Minister Alexis Tsipras, German ...
What drives the yield of government bonds?
June 12th, 2015
Due to the current weak economic circumstances that we are experiencing here in Cyprus (as well as other countries in Europe), we are constantly bombarded with various economic and financial terms from the media, most of them unknown to ...
Greece airs idea of bailout extension ahead of leaders’ talks
June 11th, 2015
Greece’s lenders urged the government to come to an agreement swiftly on Wednesday as Athens proposed the extension of the country’s bailout program by nine months, until March 2016. A Greek official speaking on the sidelines of a summit ...
Greece moves closer to eurozone exit after delaying €300m repayment to IMF
June 5th, 2015
Athens takes creditor by surprise, saying it will bundle together €1.6bn of debt payments due to International Monetary Fund and settle up on 30 June Greece has moved closer to default and possible exit from the eurozone after telling the ...
Investors Start To Panic As A Global Bond Market Crash Begins
June 4th, 2015
Is the financial collapse that so many are expecting in the second half of 2015 already starting? Many have believed that we would see bonds crash before the stock market crashes, and that is precisely what is happening right ...
