Search Results for: Greek crisis
Why liquidity is drying up in the currency market
March 25th, 2015
Sovereign bonds aren’t the only market facing a liquidity shortage. As volatility in the foreign-exchange market has risen over the past eight months, currency traders are finding that liquidity has become much patchier than it once was. Several factors, ...
Europe shares higher; Tullow Oil up 4%
March 20th, 2015
European equities edged higher in the last trading session of the week, as investors reacted to individual stocks news amid hopes of further accommodative policy by global central banks. Tullow Oil gains The pan-European Euro Stoxx 600 index was slightly higher, ...
Tsipras says Greece doing its part in euro zone deal
March 13th, 2015
Greece‘s problems are euro zone’s problems and the single currency area should send Greece a message of solidarity as Athens stands ready to deliver on promises to reform in exchange for more loans, Greek Prime Minister Alexis Tsipras said. “Greece has already ...
Bundesbank posts €2.95 billion profit in 2014
March 12th, 2015
The Deutsche Bundesbank posted a profit of €2.95 billion for the 2014 financial year, compared with €4.59 billion in 2013. The profit was transferred in full today to the Federal Government of Germany pursuant to section 27 number 2 of the Bundesbank Act ...
Low oil prices and supportive policy to drive recovery in Eurozone
March 12th, 2015
After a year of tentative recovery in 2014, the Eurozone has moved into 2015 aided by two important growth drivers – sharply lower oil prices and QE according to the March 2015 issue of the EY Eurozone Forecast (EEF). ...
Varoufakis unsettles Germans with admission Greece won’t repay debts
March 10th, 2015
Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the ...
Interview with Benoît Cœuré, Member of the Executive Board of the ECB
March 9th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Yannis Seitanidis on 8 March 2015 The ECB’s Governing Council had a meeting in Nicosia, two years after the “bail-in” agreement on the recapitalisation of ...
Creditors maintain tough stance as Greece presents reforms
March 5th, 2015
As pressure builds on Greece to implement economic reforms in order to secure crucial rescue funding, the country’s representative to the Euro Working Group on Wednesday presented to his eurozone counterparts the six proposals Greece intends to make at ...
Varoufakis’ 6 reforms: 3 for humanitarianism + 3 for tax
March 4th, 2015
Greek Finance Minister Yanis Varoufakis is heading to the Eurogroup meeting of the euro area’s finance ministers on Monday with six proposals aimed at appeasing them. In an effort to reach a compromise, he is pulling back the proposal ...
ECB Glimpse of Cyprus Debt Shows Limits of Bank Cleanup
March 4th, 2015
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and an international bailout later, ...
