S&P 500 and Dow Jones jump as US markets open higher on Greece deal – but euro continues to fall July 13, 2015 Stocks opened higher after this morning's deal between Greece and its lenders. The S&P 500 jumped 0.8 per cent at the opening bell, while the Dow rose just over one per cent. Earlier, European markets had all reacted positively to the news, opening higher and maintaining that optimism, with the FTSE 100 hovering around 6,713 [...]
Here’s everything we know about Greece’s new deal with its creditors July 13, 2015 The FTSE 100 and the euro both rallied this morning after it was revealed that, after 17 hours (and six long months) of negotiations, Greece had finally reached a deal with its creditors. Although the details are still sketchy, here's what we know so far. The deal should unlock €82-86bn (£59-61bn) of funds for Greece [...]
Greek deal: Why did the euro just fall against the dollar? July 13, 2015 Markets rallied this morning after Greece finally reached a deal with its creditors after a marathon 17-hour session (not to mention six months of will-they-won't-they discussions). But after an initial jump during which the euro bounced to $1.1187 against the dollar, it began to tumble, falling as low as $1.1062, 0.8 per cent down. What's [...]
#ThisIsACoup: Markets may be happy about the new Greek deal, but Twitter really isn’t July 13, 2015 The markets may be happy that at long last a deal has been agreed between Greece and its creditors, but on social media the environment is rather more frosty. As the details of the three-year bailout emerge – a deal that European Council president Donald Tusk said had "strict conditions" – the FTSE, Cac [...]
Greek debt crisis: Greece squeezed by European demands July 12, 2015 Greece was left stuck between a rock and a hard place last night after fellow European leaders urged its government to either push ahead with unpopular reforms, or accept a temporary – or permanent – exit from the Eurozone. Strained talks carried on into the early hours of this morning, following a day of [...]
Greece’s humiliation has exposed the lie at the heart of the European Union July 12, 2015 I have always thought there should be a special circle of hell reserved for those who cause major crises, but who then, through some sort of fluke, walk between the raindrops, suffering no ill personal effects as they bequeath the mess to posterity. If there is any justice, Yanis Varoufakis – the bombastic, overrated, erstwhile [...]
Greece offered Eurozone exit as alternative to bailout as Eurogroup talks continue late into the night July 12, 2015 Greece has been told it could make a temporary exit from the Eurozone if it fails to come to an agreement with its creditors in last-ditch tonight. Read more: Eurozone leaders assemble European leaders are once again locked in late night negotiations, after taking a second break for bilateral talks, as Greek looks to secure the much-needed [...]
Greek debt crisis: Angela Merkel, Alexis Tsipras, Francois Hollande and Eurozone leaders assemble for Brussels bailout talks July 12, 2015 Eurozone leaders have assembled in Brussels to discuss a deal to bailout Greece from its debt crisis after a morning of talks between finance ministers. “We’re now going to inform the leaders we’ve finalised our discussion. We’ve come a long way but a couple of big issues still are open so we’re going to put [...]
Greece debt crisis: EC president Donald Tusk cancels 28 member EU Summit as European finance ministers resume “difficult” talks July 12, 2015 An emergency summit between the 28 leaders of the European Union has been called off, as talks between European finance ministers resume today in a last-ditch effort to come to an agreement on Greece's bailout proposals. Ministers locked in talks until midnight on Saturday failed to come to a consensus on Greece's proposals for new [...]
Greek debt crisis: Eurozone finance ministers divided in tough talks July 11, 2015 The finance ministers of the Eurozone countries have warned there will be tough negotiations as they meet to discuss whether Greece’s new reform proposals are a basis for a third bailout. Eurogroup chief and Dutch finance minister Jeroen Dijsselbloem said there was a “major issue of trust”, while Wolfgang Schaeuble, Germany’s finance minister, said the [...]