Search Results for: greece
IMF’s Lagarde rules out special treatment for Greece
January 26th, 2015
Greece must respect the euro zone’s rules and cannot demand special treatment for its debt in the wake of the victory of anti-austerity party Syriza, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Monday. “There are ...
ECB cannot agree to debt relief for Greece: Coeure
January 26th, 2015
ECB board member Benoit Coeure said in a newspaper interview published on Monday that the European Central Bank would not take part in any debt cut for Greece. “It is not up to the ECB to decide whether Greece needs debt relief,” ...
Syriza win in Greece set to put markets on edge
January 26th, 2015
In a week where the focus would ordinarily have been on the latest FOMC meeting as well as US and UK GDP numbers, its events in Europe that are at the epicentre of the markets focus once again, and ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
Euro Slips With U.S. Futures on Greece as Treasuries Gain
January 26th, 2015
The euro slipped with U.S. equity-index futures, while Treasuries rallied as Greek voters handed victory to a party that’s pledged to renegotiate the terms of an international bailout. Asian stocks dropped with crude oil and industrial metals. The 19-nation ...
Revenge of Disaffected Europe Risks Crisis Sparked in Greece
January 22nd, 2015
They speak different languages, they come from different backgrounds, yet all have the same message of frustration that’s threatening to redraw the European political map over the next year. Starting with elections this Sunday in Greece and heading west ...
Greece will need EU/IMF consent to cover funding needs via T-bills
January 12th, 2015
Greece‘s leftist opposition Syriza party will need EU/IMF approval to issue short-term debt to cover funding needs in the first quarter if it takes power after a January 25 election, the finance ministry said on Monday. Syriza, which is ...
E.U. Praise for Greece Fails to Stem Bond Sell-Off
October 17th, 2014
On Thursday, as more investors fled Greek bonds, they drove the government’s long-term borrowing costs to nearly 9 percent — up from 7 percent on Wednesday and the highest level since January. Although Greece appeared to be on the ...
Tax Cuts In Greece’s First Balanced Budget In Decades
October 8th, 2014
Greece’s 2015 Budget, released on October 6, 2014, includes reductions to the solidarity tax on earners and a 30 percent cut on the tax on heating oil, as part of the Government’s pledge to begin to unwind the austerity ...
Goldman, Deutsche Bank Said Near Deal for National Bank of Greece Buyout Firm
August 6th, 2014
The private-equity units of Goldman Sachs and Deutsche Bank are nearing an agreement to purchase the buyout arm of National Bank of Greece SA. Goldman Sachs Asset Management and DB Private Equity are in talks to pay Greece’s largest ...
