Search Results for: euro zone
Greek banks could run out of cash in next two days
July 8th, 2015
Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country’s financial system said on Tuesday. With withdrawals from cash ...
Citigroup: Here’s Our Five-Step Plan to Solve the Greek Crisis
July 8th, 2015
For six years the Greek crisis has unfolded in a predictable pattern: Greece needs money. Euro area leaders don’t want to give it to them without imposing tough conditions. Brinkmanship ensues, followed by some sort of ineffectual compromise. And repeat. According ...
Asia shares win reprieve but Greece, China concerns limit gains
July 7th, 2015
Asian stocks won a reprieve on Tuesday after sharp falls the previous day but investors remained on edge amid uncertainty over Greece‘s position in the euro and volatility in mainland Chinese equity markets. Chinese shares dropped almost two percent ...
Greece Votes NO – Let The Chaos Begin…
July 6th, 2015
The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. With almost all of the votes counted, it is being reported that approximately ...
ECB to keep tight funding grip on Greek banks after ‘no’ – sources
July 6th, 2015
The European Central Bank (ECB) is likely to maintain emergency funding for Greek banks at its current restricted level, people familiar with the matter said on Sunday, a move that will see lenders run out of cash soon. There ...
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 ...
IMF warns of huge financial hole as Greek vote looms
July 3rd, 2015
The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country’s future in Europe. Days after Greece defaulted on ...
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 ...
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 ...
