Search Results for: Greece
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 ...
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 ...
CSSF Luxembourg press release on suspension of Financial Instruments in relation to the situation in Greece (II)
July 1st, 2015
Following the CSSF’s Press Release 15/28 dated 30 June 2015, the Commission de Surveillance du Secteur Financier (CSSF) requested with immediate effect the suspension of the financial instruments issued by: ABG FINANCE INTERNATIONAL PLC ALPHA CREDIT GROUP PLC ALPHA ...
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 ...
Greece Risk May Pose Black Swan Dangers for Emerging Markets
June 30th, 2015
Here we go again. A flight to haven assets has begun as Greece’s economy faces a tailspin, sparking concern defaults and bank collapses could spill over to other European nations, and impose a global impact. This time, though, Europe ...
Asia stocks bounce back but Greece uncertainty still looms
June 30th, 2015
Asian stock markets bounced back Tuesday, recouping some of the previous day’s sharp losses, but investors remained worried the crisis in Greece could spread to other financially weak countries. Japan’s benchmark Nikkei 225 gained 0.4 percent to 20,189.02 after ...
Euro volatility: The impact of Greece crisis has been less clear in FX than in other markets
June 29th, 2015
Euro recovers ground but still broadly down in volatile trade The euro recovered much of the ground it had lost overnight in volatile trading on Monday, but was still 0.8 percent down against the dollar, after Greece took a ...
