Search Results for: Varoufakis
Athens prepares a compromise before Eurogroup
February 10th, 2015
Plan entails ‘bridge program’ to September, possible use of loan tranche Government sources Monday gave a preview of the proposal planned for Wednesday’s crucial Eurogroup summit, foreseeing a bridge program linking to a “new deal” with creditors that would ...
Wieser-Costello: They came, they saw, they left
February 9th, 2015
Euroworking group chief Thomas Wieser and European Commission representative Declan Costello have departed on Monday morning from Athens, after their visit in the Greek capital which lasted only for a few hours. Two days ahead of the extraordinary Eurogroup ...
Greek prime minister not backing down
February 9th, 2015
With a difficult week looming for Greece and amid rising pressure from creditors, Prime Minister Alexis Tsipras on Sunday presented his government’s policy program in Parliament, pledging to implement pre-election promises to revoke austerity measures, though not all at ...
Markets mixed as oil plunge resumes
February 5th, 2015
US stocks pulled back on Wednesday on the backdrop of resumed slide in oil prices and news that European Central Bank will no longer accept Greek bonds as collateral. Energy, utilities and health-care stocks led the losses, with six ...
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
European Central Bank resists latest Greek bailout plan
February 4th, 2015
The European Central Bank is resisting a key element of the Greek government’s new rescue plan, potentially leaving Athens with no source of outside funding when its international bailout expires at the end of the month. Yanis Varoufakis, Greek ...
Greek Signals of Compromise Send Markets Soaring
February 4th, 2015
Greece’s new leaders, on a hopscotch tour of European capitals, convinced markets on Tuesday they are eager for a deal with creditors, but their still fuzzy proposals await a harder hearing from Athens’s toughest lender: the German government. Investors ...
Greek markets cheer renewed optimism around debt deal
February 3rd, 2015
Greek markets rallied this morning, after an apparent easing of tensions over the country’s bailout programme thanks to a debt swap programme devised by new finance minister Yanis Varoufakis. The Athens Stock Exchange (ASE) jumped as much as 7.7 ...
Markets advance as oil rebounds
February 3rd, 2015
US markets recorded solid gains on Monday after a choppy trading session as investor sentiment improved with rebounding oil prices. Energy sector shares led the gains. Markets discounted disappointing economic news. The ISM report showed that manufacturing activity slowed ...
Greece finance minister reveals plan to end debt stand-off
February 3rd, 2015
Greece’s radical new government revealed proposals on Monday for ending the confrontation with its creditors by swapping outstanding debt for new growth-linked bonds, running a permanent budget surplus and targeting wealthy tax-evaders. Yanis Varoufakis, the new finance minister, outlined ...
