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Syriza Returns To Power In Greece
Monday, September 21, 2015 - 9:26am | 435Greece's leftist Syriza party was able to secure enough votes to form a coalition government over the weekend, putting party leader Alexis Tsipras back into the spotlight. Tsipras saw about half of his party abandon him earlier this year when he agreed to a reform deal with EU leaders in...
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Avoid The Temptation To Buy Calls On Anything 'Options' This Week
Monday, August 24, 2015 - 2:01pm | 1354Scoreboard RED! Two pictures are worth a thousand words: 1) Friday heat map by index: 2) Weekly candles show tremendous damage to bulls; it was possibly the worst week since 2011. We had -900 DOW points in 24 hours. Compare this to the 1000 points of the flash crash in a day. Some other...
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European Markets Still Uncertain With Greek Elections On The Horizon
Friday, August 21, 2015 - 7:31am | 403This weekend, Greeks will head to the polls to elect a new parliament in the wake of the nation's turbulent bailout negotiations. This weekend's vote represents another big turning point in Greece's debt saga as the anti-austerity Syriza party is favored to win, albeit without an...
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What's Going To Happen To Greek Shippers?
Thursday, July 23, 2015 - 1:16pm | 392This week, Greek Prime Minister Alexis Tsipras narrowly avoided another political meltdown after the nation's Parliament approved another set of belt-tightening measures that the nation's creditors demanded in exchange for a second installment of bailout funding. Tsipras has been able to maintain...
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Greek Bailout Deal: Agreed To By Many, Welcomed By None
Monday, July 20, 2015 - 12:57pm | 352On Monday, Greek banks are set to reopen after closing their doors for three straight weeks following the European Central Bank's decision to extend further credit lines to the nation's struggling financial sector. While EU officials and Greek leaders have agreed to a flimsy deal to keep the nation...
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Tsipras Calls Greek Bailout A 'Growth Package'
Monday, July 13, 2015 - 8:06am | 328Greece just got its third life as Eurozone leaders offered the country another bailout agreement following a weeks-long saga. European Commission Chief Jean-Claude Juncker said unequivocally that, "There will not be a ‘Grexit.'" Greek Prime Minister Alexis Tsipras framed the...
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Greece Receives Bailout Deal: Now What?
Monday, July 13, 2015 - 7:51am | 382After all-night talks on Sunday, eurozone leaders and Greek officials were able to reach an agreement to unlock desperately needed bailout funding for Athens. However, many believe that this weekend's agreement calls for even tougher belt-tightening measures than the Greece's EU...
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Can Greece's Latest Reform Proposal Be Trusted?
Friday, July 10, 2015 - 1:57pm | 400Markets cheered on Friday after Greek Prime Minister Alexis Tsipras submitted the nation's latest reform proposal to the International Monetary Fund and EU officials. This weekend, the proposal is set to be reviewed, but preliminary reports of what is included appear to show that Tsipras has met...
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Which Crisis Is Worse: Greece Or China?
Thursday, July 9, 2015 - 10:23am | 436It is an uncertain time for markets as turmoil in two of the world's largest markets, China and Europe, has rocked investors' confidence. Both regions share markets are suffering, although for two very different reasons. Greek Bailout In Tatters In Greece, bailout negotiations all but...
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One Step Closer To A Grexit?
Wednesday, July 8, 2015 - 2:35pm | 413Barclays analyst François Cabau believes that Tuesday's Euro Summit represented "one more step toward Grexit." He explained that no agreement was reached during the meeting, with the Greek position already having been weakened after Sunday's referendum vote. According to Cabau, eurozone leaders...
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Greece To Plead Its Case At A Last-Chance Summit
Tuesday, July 7, 2015 - 9:17am | 332Tuesday may be Greece's last opportunity to secure emergency funding after the nation's voters rejected the latest EU proposal to release the country's bailout funds. Over the weekend, Greeks chose to stand behind Prime Minister Alexis Tsipras and the Syriza-backed government, which...
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Nomura's Base-Case In Greece Is A Negotiations Deadlock
Monday, July 6, 2015 - 8:39am | 564In a report published Monday, Nomura's European Economic Lefteris Farmakis commented on the Greek referendum held over the weekend which resulted in a "comfortable landslide" for the "no" vote. Farmakis noted that he suggested before the referendum took place that a...
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What Does Greece Do Now?
Monday, July 6, 2015 - 7:08am | 429On Monday morning, European markets were reeling after Greek voters' decision to strike down the bailout deal offered to Greece on Sunday. The nation's voters stood firmly behind Prime Minister Alexis Tsipras and the leftist Syriza government, who promised to reach a new bailout deal...
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A Citizen's View Of Greece From The Ground
Thursday, July 2, 2015 - 3:46pm | 626To say that Greece is in a bit of a conundrum right now is a massive understatement. After defaulting on an IMF payment and quickly running low on emergency liquidity, the descendants of the fathers of finance are looking at the first major belly-up default in modern history. Greece is...
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What's Next In Greece: Will Tsipras Stay And Will We See A Grexit?
Thursday, July 2, 2015 - 2:20pm | 416With no sign of a bailout agreement in sight, Greece has arranged a referendum vote in which the nation's residents will decide whether the terms set out by Athens' creditors are acceptable. The country's Syriza-backed government was elected on promises to end austerity, but Prime Minister Alexis...