Search Results for: Eurozone
Chinese shares fall another 8% despite more measures
July 8th, 2015
Mainland Chinese shares continued to slide on Wednesday, falling more than 8% on opening. The slump came despite more moves by China’s regulators to try and stabilise the recently volatile market. The Shanghai Composite had recovered some losses by ...
Ragin’ Contagion: When Debtors Go Broke, So Do Mercantilist Exporters
July 7th, 2015
Papering over the structural imbalances in the Eurozone with bailouts or bail-ins will not resolve the fundamental asymmetries in trade. Beneath the endless twists and turns of Greece‘s debt crisis lie fundamental asymmetries that doom the euro, the joint currency that ...
MAS’ response to media queries on recent developments in Greece
July 7th, 2015
In response to media queries, the Monetary Authority of Singapore (MAS) said that Singapore’s domestic money and foreign exchange markets continue to function in an orderly fashion. The direct exposure of our economy and banking system to Greece is ...
Rift Emerges as Europe Gears Up for New Talks on Greece Bailout
July 7th, 2015
Germany continued to maintain a hard line with Athens on Monday, just a day after Greek voters decisively rejected a bailout deal from its creditors. But some European countries showed a willingness to soften the push for austerity that ...
Greece Votes NO – Let The Chaos Begin…
July 6th, 2015
The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately ...
ECB to keep tight funding grip on Greek banks after ‘no’ – sources
July 6th, 2015
The European Central Bank (ECB) is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. There ...
Saudi banks unruffled by Greece-euro crisis
July 6th, 2015
Saudi Arabia‘s banking system remains largely insulated from the ongoing events in the euro zone, with high levels of liquidity and solid capitalization ratios, say top economists in the Kingdom. Their reaction came as early results from the referendum ...
Varoufakis Resigns – Our NO is a majestic, big YES to a democratic, rational Europe!
July 6th, 2015
On the 25th of January, dignity was restored to the people of Greece. In the five months that intervened since then, we became the first government that dared raise its voice, speaking on behalf of the people, saying NO to ...
Greece debt crisis: Greek voters reject bailout offer
July 6th, 2015
Greek voters have decisively rejected the terms of an international bailout. The final result in the referendum, published by the interior ministry, was 61.3% “No”, against 38.7% who voted “Yes”. Greece‘s governing Syriza party had campaigned for a “No”, ...
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 ...
