Search Results for: Greek economy
Greece No vote: Oil prices tumble
July 6th, 2015
Oil prices fell sharply early on Monday after Greece rejected austerity measures demanded in return for bailout money and as China rolled out an unprecedented series of steps to prevent a full-blown stock market crash. The result of the ...
Greece tourism unaffected by financial crisis
July 2nd, 2015
Despite Greece’s extreme financial crisis, the country’s lucrative tourism industry appears to be uninterrupted. And that’s good news for Greeks. Tourism brought in around $32.7 billion in 2014, which made up more than 17% of the country’s GDP. The ...
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 ...
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 ...
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 ...
Asian stock markets sink after Greece closes banks
June 29th, 2015
Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts. Oil prices declined and the euro edged down against the dollar after Athens announced the ...
Will A Deal Leave Greece in Ruins?
June 25th, 2015
Any deal Greece strikes with its creditors may be a big step in Greece’s long delayed post-crisis recovery. But the direction it takes still won’t be clear. Will the road look like Spain’s, or Italy’s? It makes a big ...
Gold Price History: The Last 2000 Years
June 25th, 2015
It really is no exaggeration to say that human beings have valued gold for as long as they’ve been able to get their hands on it. Burial sites going back to the 4th millennium BC include skillfully wrought gold ...
