Search Results for: euro zone
Greece warns it is set to default on debt repayment loans
May 25th, 2015
Interior minister says Athens simply cannot satisfy IMF deadline next month unless it works out a deal with eurozone creditors Greece has threatened to default on €1.6bn (£1.14bn) of debt repayment due on international bailout loans next month, claiming it ...
Top EU officials eye deal by end-May as technical-level talks make gradual progress
May 20th, 2015
As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the month. ...
Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?
May 19th, 2015
Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Well, the nation of Greece is now approaching ...
Yanis Varoufakis says Greece will have a deal within a week (Video)
May 19th, 2015
The Greek government’s coffers are running dry, but finance minister Yanis Varoufakis has good news — he thinks a bailout deal with the country’s international creditors is imminent. In a televised interview on Monday night, when pressed to give ...
Hotspot cuts trading fees with “Hot List” pricing for more than 30 currency pairs
May 14th, 2015
Hotspot, a leading institutional foreign exchange (FX) market owned and operated by BATS Global Markets (BATS), today announced plans to eliminate liquidity removal fees for customers in more than 30 select currency pairs, beginning 1st June 2015. The “Hot ...
Greek Banks relieved to hear their collateral is intact, as ELA grows
May 13th, 2015
The European Central Bank raised the emergency liquidity assistance (ELA) ceiling for Greek banks by 1.1 billion euros on Tuesday, in the wake of Monday’s Eurogroup meeting that recorded some progress in the talks between the government and its ...
IMF Works With Bank Regulators on Contingency Plans for Greek Default
May 11th, 2015
Discussions with authorities in southeastern Europe aimed at girding for potential failure of bailout talks The International Monetary Fund is working with national authorities in southeastern Europe on contingency plans for a Greek default, a senior fund official said—a ...
Greek Prime Minister concession keeps ELA alive
May 7th, 2015
ECB increases pressure on government for agreement, but offers another 2 bln euros in cash to local banks The European Central Bank is putting extra pressure on Athens for the completion of an agreement with creditors, pegging the maintenance ...
Greek government takes aim at creditors over stalled bailout talks
May 6th, 2015
Senior official lays blame on disagreements between EU and IMF as economic growth rate forecasts are slashed Greece’s government has blasted its creditors for holding back progress on bailout talks, laying the blame squarely on differences between the European Union and ...
Asian stocks at 2-week lows, bond woes spread, dollar slips
May 6th, 2015
Selloff in government bonds from Germany to Australia China stocks bounce after moderately encouraging PMI data Commodities rally in what might be a return to reflation Dollar softer on trade blow out, Fed’s Yellen speech awaited (.) A selloff in global ...
