Greece will only have a fighting chance of revival if it leaves the Eurozone June 22, 2015 There are, apparently, still hopes that some deal can be done with Greece this week so that the final €7.2bn tranche of the current €240bn bailout can be released. If this is the case then, presumably, talks will go ahead for a third bailout and thus the Greek saga struggles on. Sadly, however, all this [...]
Greek crisis: Athens stocks bounce as Greece outlines offer and Dijsselbloem calls new reform proposals a welcome step in a positive direction June 22, 2015 Stocks in Athens were nine per cent higher in the late afternoon, despite the fact Eurozone finance ministers failed to reach an agreement on Greece. A Euro summit meeting was too late to find a deal, but hope not lost. Greece has apparently ceded ground on several of the main sticking points that had prevented [...]
Pension reform and a one per cent budget surplus: What proposals is Greece offering its creditors to avoid Grexit? June 22, 2015 Greece has offered to run a budget surplus of one per cent in 2015 as it fights to save its status in the Euro. It had previously fought to keep its obligation below that level. According to the proposals, reportedly seen by Spanish newspaper El Pais, Greece will also raise VAT to 23 per cent, with [...]
EU president Donald Tusk describes Greek offer as the “first real proposals in many weeks” as Euro Summit kicks off June 22, 2015 EU council president Donald Tusk has said Greece’s proposals are the “first real proposals in many weeks” as the Euro Summit on Greece kicks off. Read more: Athens stocks bounce as Greece outlines proposals Markets have rallied today, as hope grows that a deal will be reached in the coming days. It is considered unlikely [...]
Greek crisis: The most influential tweeters on #Grexit mapped June 22, 2015 As Greece faces bankruptcy ahead of crisis talks tonight, discussion of a potential #Grexit is rife on social media. Who should you be keeping an eye on? The most influential tweeters on #Grexit include think tanks and news organisations – but also the main players themselves. Yet another deadline is looming for Greece, as emergency [...]
Greek crisis: The most influential tweeters on #Grexit mapped June 22, 2015 As Greece faces bankruptcy ahead of crisis talks tonight, discussion of a potential #Grexit is rife on social media. Who should you be keeping an eye on? The most influential tweeters on #Grexit include think tanks and news organisations – but also the main players themselves. Yet another deadline is looming for Greece, as emergency [...]
Peugeot and Siemens chief executives warn Grexit would destroy Europe’s economic recovery June 22, 2015 The heads of some of Europe's largest companies have warned of the negative impacts a Greek exit from the euro would have on the wider European economy. Read more: Greece on the brink ahead of crisis talks They argue that although Greece accounts for just two per cent of the Eurozone's economy, losing it from the [...]
Countdown to Grexit: Here are the key dates that could save Greece before bailout deal expires June 22, 2015 The next few days are crucial for Greece, as the country seeks to reach a deal with creditors over reforms to unlock bailout funds to save its embattled economy. The Eurogroup of finance ministers met last week in Luxembourg – a meeting considered to be the best opportunity for a deal. Talks broke down however. Then came [...]
European stocks soar as European Commission President Jean-Claude Juncker says proposals “good basis for progress” June 22, 2015 European stock markets had a strong start to the week, as renewed optimism about a deal between Greece and its lenders boosted indices. The Cac and the Dax were both up 3.1 per cent at pixel time, while the FTSE 100 was up 1.4 per cent. Stocks in Athens were up more than eight [...]
Greece on the brink ahead of crisis talks June 22, 2015 Greece faces bankruptcy and capital controls within days if Eurozone finance ministers fail to strike a bailout deal at an emergency meeting in Brussels today, the chairwoman of Greece’s largest bank has warned. Louka Katseli, chair of the National Bank of Greece, told City A.M. that without a deal Athens risked a technical default before [...]