Search Results for: Eurozone
Hopes for Greece bailout deal rise sharply as Athens gives ground
June 23rd, 2015
Creditors view new Greek proposals on pensions and VAT as the most positive move yet in five months of wrangling Hopes of a deal that would spare Greece from a looming debt default and possible exit from the single ...
EU-Greece negotiations are at the finish line
June 22nd, 2015
After five months of high drama, debt negotiations between the leftist government in Greece and its official lenders – the European Commission, the International Monetary Fund, and the European Central Bank – are near the finish line. On June ...
Could Russia afford to bail out Greece and what would that mean?
June 22nd, 2015
There are deep cultural and historical ties between Greece and Russia. In terms of religion, the majority faith in both countries is Eastern Orthodox. And Russia has a track record of standing up for Greece, like it did during ...
€2bn Russia-Greece gas deal: The EU should applauding us, Putin says
June 22nd, 2015
A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum. Talking ...
Gold under pressure, market awaits outcome of Greek talks
June 22nd, 2015
The gold price dropped back below $1,200 on Monday morning while crunch talks between Greece and European creditors take place. Spot gold was last at $1,197.20/1,198.00 per ounce, down $2.40 on Friday’s close. Silver was up five cents at ...
What investors need to know and why a Grexit may not matter
June 22nd, 2015
After enjoying a seemingly unstoppable rise since the beginning of 2015, Europe now seems to be in the headlines for all the wrong reasons. With the Greek tragedy lurching from one ‘deadline’ to the next, an exit of the ...
Lawyers facing up to Grexit
June 22nd, 2015
If Greece goes bust, what will happen to client money? “As the spectacle of potential Greek bankruptcy unrolls before our eyes, we should put ourselves in the shoes of our Greek lawyer colleagues.” The main impact of the crisis ...
Greece debt crisis: EU leaders gather for critical summit
June 22nd, 2015
Greece faces a critical 24 hours as European leaders gather for an emergency summit in Brussels that could break the deadlock around the country’s debt crisis. On Sunday, Greek PM Alexis Tsipras set out new proposals to try to ...
The Greek Government Debt
June 19th, 2015
Europe and the rest of the world are watching nervously these days as the Greek drama (tragedy) is entering its last phase. There has to be some type of compromise (agreement) between the Greek government and its lenders before ...
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 ...
