Search Results for: eurozone
ATHEX risks turning into a ghost market
July 20th, 2015
The ghost of a marginalized Greek stock market, as it was before the country’s access to the eurozone, is now haunting Athinon Avenue, threatening to turn into a bunch of idle stocks, trapped shareholders and loss-making investors. It has ...
Was Greece Always Part Of The Plan?
July 20th, 2015
Since its inception, critics of the eurozone have been pointing to its incomplete nature — everyone uses the same money but keeps their own national budgets and tax regimes — and speculating that this “fatal flaw” would doom the ...
Gold tumbles to more than five-year low, China shares fall
July 20th, 2015
Gold tumbled to a more than five-year low Monday, and China shares drifted lower after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold GCQ5, -2.31% fell 2.3% from its opening price Monday ...
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
July 17th, 2015
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are ...
Greece and the Problem of Correcting Trade/Productivity Imbalances
July 17th, 2015
Piling on more debt is the worst possible way to correct structural trade and productivity imbalances. In Greece and the End of the Euroland Fantasy, I suggested the trade imbalances at the heart of Greece’s debt crisis could only ...
Why Germany refuses to write off Greece’s debts
July 16th, 2015
The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble, say that ...
China Shares Recover From Earlier Losses
July 16th, 2015
Chinese shares swung back to positive territory Thursday, as hundreds of shares resumed trading, while markets elsewhere in Asia rose after Greece approved austerity measures to secure a bailout. The Shanghai Composite was last up 1.1% at 3847.30, having ...
EU Commission proposes 7 billion euro loan for Greece for July
July 15th, 2015
The European Commission is proposing to give a 7 billion euro ($7.7 billion) bridge loan to Greece to cover the country’s financing needs in July using the European Financial Stability Mechanism (EFSM), according to document from the EU executive. ...
The ‘Greek Debt Deal’ Is Already Starting To Fall Apart
July 15th, 2015
The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted ...
ICAP announces Trading Statement
July 15th, 2015
Strong growth in Electronic Markets Continued to expand our addressable market Further investment in financial technology assets ICAP has issued an announcement to inform its trading statement for the period from 1 April 2015 to 30 June 2015 Group ...
