Search Results for: eurozone
Greece: We’ll fight on against austerity – Interview with FM Varoufakis
February 24th, 2015
Greece’s leftist government will implement all policies promised during the recent election campaign, Finance Minister Yanis Varoufakis said Monday. Speaking to CNN’s Christiane Amanpour, he said the battle to “recalibrate the austerity” imposed on Greece by its international creditors ...
Greek Gov’t to submit final reform list to Brussels on Tuesday
February 24th, 2015
The government was on Tuesday morning expected to submit a final version of its reform proposals to the country’s creditors following several hours of discussions with officials in Brussels yesterday aimed at hammering out a set of measures acceptable ...
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 ...
Portugal backs Germany on debt deal for Greece
February 20th, 2015
Portuguese Finance Minister Maria Luis Albuquerque insisted in a German newspaper interview on Friday that Greece must fulfil the current conditions of its international bailout. “There is a framework within which we are prepared to talk to the Greek ...
A Greek Drama Draws In the Obama Administration, Again
February 20th, 2015
President Barack Obama and his team may be suffering from Greek financial-crisis déjà vu. In 2010, and again in 2012, Mr. Obama and top officials in his administration worried that Greece’s debt woes could fracture the eurozone, knock down an ...
Japan stocks shrug off Greece fears
February 20th, 2015
Japanese stocks are rallying further despite concerns Greece may be forced to leave the eurozone should it fail to negotiate a new bailout deal. Germany rejected a Greek request for a six-month extension to its loan programme without austerity reforms, ...
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 ...
Greece gets lifeline as ECB agrees €3.3bn extra emergency funds
February 19th, 2015
Total funding on offer now €68.3bn as Greek banks come close to using €65bn of liquidity funds granted by European Central Bank The embattled Greek government has been thrown a lifeline by the European Central Bank after the ECB agreed to ...
Greece faces resistance to extra emergency funds for banks
February 18th, 2015
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program. After talks between Greece and euro zone creditors broke down ...
Commerzbank puts the chances of a Grexit at 50%
February 17th, 2015
Jacques Delors Institute also explores the possibility of a Greek leaving the euro zone In a research note released today, Commerzbank, the global banking and financial services company based in Frankfurt, attempts to answer some of the critical questions ...
