-
Greek Deal Expected By The End Of The Week, Grexit Unlikely
Tuesday, May 19, 2015 - 2:07pm | 329With many expecting Greece to run out of cash in a matter of weeks, the nation's finance minister Yanis Varoufakis commented that a deal to unlock some of the nation's bailout money was in the cards. On Monday, Varoufakis told Star TV that he expects to come to an agreement with his EU counterparts...
-
Will Greece's Financial Woes Ever End?
Wednesday, May 13, 2015 - 2:41pm | 442Negotiations between Athens and its creditors continued to drag on this week, despite what most believed would be a bank-breaking loan repayment coming due on Tuesday. Somehow, Greece continued to scrape by without defaulting, despite having what most expect is a nearly empty vault. Comments from...
-
Grexit Threats Do Little To Encourage Anti-Euro Sentiment
Thursday, April 30, 2015 - 10:40am | 422With bailout negotiations dragging on and no resolution in sight, many are beginning to worry that Greece could soon default and eventually be forced to leave the eurozone. The nation has been in hot water ever since the leftist Syriza party took power and newly elected Prime Minister Alexis...
-
Investors Expect A Grexit, But Remain Calm
Wednesday, April 29, 2015 - 12:25pm | 412German research firm Sentix released a survey on Tuesday which showed that nearly half of the participating investors believe that Greece will exit the eurozone within the next year. The figures showed that 48.3 percent of those surveyed saw the nation leaving the block by April 2016, proving...
-
Greece's Drama Set To Continue Through The Weekend
Wednesday, April 22, 2015 - 1:57pm | 373This weekend, EU finance ministers are set to meet in Riga, Latvia, where they will discuss the state of the ongoing negotiations over Greece's bailout funds. However, Athens' strained relationship with many of its creditors and a general feeling of mistrust between the two sides will likely...
-
Will Russia Help Ease Greek Debt?
Thursday, April 9, 2015 - 12:33pm | 420With a €460 million euro debt repayment to the International Monetary Fund due by the end of the day on Thursday, Greek policymakers are desperately trying to scrape together some cash and avoid default. Greek Prime Minister Alexis Tsipras has promised to pay the sum on time, but many believe that...
-
Greek Debt Talks Nearing An End
Wednesday, April 1, 2015 - 9:34am | 416After months of negotiations between the EU and Greek officials, it seems that the talks regarding Greece's bailout package are nearing their end, for better or worse. Although it has been a bumpy road, most believe that the two sides will reach an agreement before April 20, when Athens is...
-
How To Play Greece's Financial Problems
Friday, March 20, 2015 - 2:17pm | 472Although the deteriorating relationship between Greece and its creditors has played out across the headlines this week, the general consensus among investors is that the two sides will eventually reach a deal regarding Athens' bailout package. On Thursday, German Chancellor Angela Merkel...
-
Anti-Poverty Bill Erodes Trust Between EU And Greece Even Further
Thursday, March 19, 2015 - 3:34pm | 406Greek lawmakers elected to pass an anti-poverty bill on Thursday, despite requests from the nation's creditors that the voting process be postponed. The bill, which provides low-income families with electricity and food stamps, is expected to cost Greece approximately €200 million at a...
-
Is It Time To Start Investing In Greece?
Friday, February 13, 2015 - 2:37pm | 463Many breathed a tentative sigh of relief Friday morning after news that European Union policymakers and Greece’s Syriza party have taken steps toward deal making after days of butting heads. Earlier this week, an emergency meeting of the region’s finance ministers suggested that the...
-
Global Markets Worry That Wednesday's Meeting Will Leave Greece Without Funding
Tuesday, February 10, 2015 - 3:33pm | 412As lawmakers butt heads over Greece’s bailout program, worries about the stability of the eurozone economy are growing. Over the weekend, Greek Prime Minister Alexis Tsipras announced his plans to reverse around a third of the nation’s austerity measures despite the nation’s...
-
Alexis Tsipras Shrugs Off EU Demands For Deal With Greece's Creditors
Monday, February 9, 2015 - 1:28pm | 435Over the weekend, newly elected Greek Prime Minister Alexis Tsipras shrugged off EU demands that the nation strike a deal with its creditors and pledged to continue moving forward with his plans to reverse the nation’s austerity cuts. He said that Athens would refuse to continue with its...
-
Market Uncertainty Is A Golden Opportunity For Some
Friday, February 6, 2015 - 2:26pm | 324On Friday, gold prices rose as investors waited for U.S. non-farm payrolls data to deliver a clearer picture of the Federal Reserve’s timeline for a rate hike. The commodity has seen a marked increase over the past week as uncertainty around the globe has driven traders to seek security...
-
ECB Steps Away From Greece, Markets Sink
Thursday, February 5, 2015 - 1:51pm | 392On Wednesday, the European Central Bank sent shock waves through the markets when it announced that it wouldn’t be playing nice with Greek officials any longer. The region’s central bank said it wouldn’t accept Greek bonds in exchange for funding unless Greek officials are...
-
Icy Relations Between Athens And EU Show Signs Of Thawing
Tuesday, February 3, 2015 - 11:52am | 497European markets began the day optimistically as investors maintained focus on the continuing negotiations between Athens and the EU over the nation’s bailout program. The two sides got off to a rocky start after newly elected Prime Minister Alexis Tsipras began his term by reversing some...