Search Results for: euro zone
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
European stocks lift on Greek deal
February 23rd, 2015
Europe’s main stock markets have opened higher after eurozone ministers tentatively agreed to extend Greece’s bailout by four months. London’s benchmark FTSE 100 index advanced 0.40 per cent to 6,942.70 points on Monday compared with Friday’s close. Frankfurt’s DAX ...
Investors Still Don’t Think Greece Will Exit the Euro
February 20th, 2015
As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal. Forget the strategists at Commerzbank AG who say there’s a 50 percent ...
Bigger pay packets give pound a lift as sterling hits seven-year high against the euro
February 19th, 2015
Sterling soared to a seven-year high against the euro yesterday, pushed up by record jobs figures and rising wages, with some investors expecting a Bank of England rate hike to come sooner than had been expected. The UK’s employment ...
Asia stocks, euro fall as Greek uncertainty saps confidence
February 12th, 2015
Asian stocks and the euro fell on Thursday as markets erred on the side of caution over the ongoing Greek debt negotiations amid conflicting headlines on progress in the talks. The uncertainty is expected to be highlighted in a ...
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 ...
Euronext announces monthly trading volumes for January 2015
February 5th, 2015
Amsterdam, Brussels, Lisbon, London and Paris – 4 February 2015 Euronext, the leading exchange in the Eurozone, today announced trading volumes for January 2015. The January 2015 average daily transaction value on the Euronext cash order book stood at ...
Greek Finance Ministry says ECB decision aimed at Eurogroup
February 5th, 2015
The Greek Finance Ministry interpreted a European Central Bank decision to stop accepting Greek government bonds as collateral from local lenders as a moved aimed at pushing Athens and its eurozone partners towards a new debt deal. “By taking ...
How Greece could accidentally stumble out of the euro
February 4th, 2015
In less than four weeks the international lifeline that has kept Greece afloat for five years is due to expire. Debt repayments are looming and the country is running out of funds. Lenders won’t forgive Greece’s huge debts so ...
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 ...
