Greek finance minister Yanis Varoufakis pulls out of Question Time: apparently he has something else to do June 25, 2015 Greek finance minister Yanis Varoufakis is not normally known for being publicity shy, just ask the readers of Paris Match, for which he and his wife did a rather glamorous photoshoot. Read more: What Yanis Varoufakis can learn from a real game theory master – Nicola Sturgeon Tonight, though, Varoufakis has pulled out of a major media [...]
Greek crisis: Leaked document shows creditors still at odds with Greece June 24, 2015 A document leaked this afternoon shows deep divisions remain between Greece and its creditors over crucial issues such as taxation and pensions. Read more: Can Greece get past its sticking points? The document, leaked to several sources including the FT, showed Greece's original proposals, heavily edited by its creditors. Issues such as VAT and pensions remain massively [...]
Greek Prime Minister Alexis Tsipras “confident on deal” despite Syriza rumblings June 23, 2015 Greek prime minister Alexis Tsipras will meet with European officials in Brussels today as part of the attempt to hammer out an agreement over his country’s debts. Read more: What Yanis Varoufakis can learn from a real game theory master The Greek government yesterday expressed confidence that the country’s parliament would approve a [...]
Against the Grain: What Yanis Varoufakis can learn from a real game theory master – Nicola Sturgeon June 23, 2015 The gracious Palladian architecture of Edinburgh has often led the city to be described as the Athens of the North. If the referendum result had gone the other way, much closer parallels would have rapidly emerged. A high spending left wing government, faced with a collapse in revenues due to the fall in the oil [...]
Investors turn to cash for safety as Grexit and bond market woes leave fund managers scared June 23, 2015 Investors should raise cash levels while instability in the Eurozone rumbles on, top fund managers are warning. A combination of Greece worries, US rate hike uncertainty alongside recent changes in bond markets mean investors may be better off taking cash out of markets for the summer, says Chris Iggo from Axa Investment Managers. “The more [...]
Greece and its creditors’ disagreements: Pensions, VAT and budget deficit will be the sticking points June 23, 2015 The challenging negotiations between Greece and its international creditors may well be entering the final throes – but no one is kidding themselves that the saga is over just yet. Although the latest proposals appear to be paving the way forward, there are three main sticking points – pensions, VAT and government spend against receipts [...]
Greek crisis: Four questions we still need answers to June 23, 2015 European stocks rallied again this morning, after it appeared negotiations between Greece and its creditors went well last night, with European Union President Jean-Claude Juncker saying he's "convinced" a deal will happen this week. But only the next act will show whether this was always going to be a Greek tragedy, or whether it was [...]
US Treasury secretary Jack Lew urges an agreement as Greek drama continues June 23, 2015 The United States has heaped on the pressure for a deal between Greece and its creditors with Jack Lew, the US treasury Secretary, holding phone calls with Greek Prime Minister Alexis Tsipras to push for an agreement in a “delicate” situation. "The Prime Minister had a phone conversation with US Treasury secretary Jack Lew in [...]
Trafalgar Square rally to call for Greek debts to be wiped June 23, 2015 Fresh from holding its anti-austerity march on Saturday the People's Assembly is planning another rally – this time calling for Greece's debt to be wiped. The group, which is calling on Londoners to sign a Europe-wide petition to cancel the debt owed by Greece, is organising a rally today (June 23) in Trafalagar Square. [...]
Hope of Greek breakthrough spurs market June 22, 2015 Greece’s creditors said yesterday that the country had submitted its first set of comprehensive reform proposals since negotiations began in February, causing European markets to rally on hopes that a deal would be struck within days. After a Brussels meeting of Eurozone finance ministers, European Council president Donald Tusk said the new draft of proposals [...]