How the world sees Greece
NEW YORK (Reuters) - U.S. stocks fell on Friday as a rosy U.S. jobs report supported expectations of a rise in U.S. interest rates by mid-year, while more worries over Greek's debt negotiations added to bearish tone.
 |
| READ THE ORIGINAL POST AT feeds.reuters.com |
Greece's new government was isolated at its first meeting with senior euro zone officials but will have a chance to put forward its plans at a special meeting of finance ministers of the currency bloc next week, EU officials said on Friday. Eurogroup ...
|
| READ THE ORIGINAL POST AT www.independent.ie |
Greece to submit an extension request by the time of Eurogroup, stresses Jeroen Dijssenbloem
|
| READ THE ORIGINAL POST AT en.protothema.gr |
Dow Jones drops -0.31% at 17.829 units, while S&P 500 notes a -2.21% decrease at 2.058 units
|
| READ THE ORIGINAL POST AT en.protothema.gr |
As a result of ECB’s decision to say “No” on issuing Greek T-bills
|
| READ THE ORIGINAL POST AT en.protothema.gr |
Continue reading...
|
| READ THE ORIGINAL POST AT www.theguardian.com |
(Bloomberg) -- European stocks fell from their highest level in more than seven years as Greek shares extended declines for a second day. The Stoxx ...
|
| READ THE ORIGINAL POST AT www.bloomberg.com |
Eurogroup Chairman Dijsselbloem said that Greece must apply for a bailout extension on February 16 at the latest in order to keep its eurozone financial backing. The February 16th meeting would be Greece’s last chance to apply for the bailout extension because some euro zone countries will need any agreement […]
|
| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
The selling pressure on Greek lenders' shares is not letting up, as nervousness about the indebted and recession-scarred Mediterranean country's ...
|
| READ THE ORIGINAL POST AT www.ft.com |
The pound nudged back towards recent highs close to €1.35 today after talks between Greece and Germany reached another dead-end. The euro ...
|
| READ THE ORIGINAL POST AT www.thisismoney.co.uk |
Greek Finance Minister Yanis Varoufakis is apparently on a "charm offensive" to persuade his European counterparts—i.e., the Germans—to allow ...
|
| READ THE ORIGINAL POST AT www.motherjones.com |
By Lefteris Papadimas and Jan Strupczewski. ATHENS/BRUSSELS, Feb 6 (Reuters) - Greece's new leftist-led government, isolated in the euro zone ...
|
| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Instead Greece will ask for a "bridge agreement" to keep its finances running until Athens is able to present a new debt and reform programme.
|
| READ THE ORIGINAL POST AT www.reuters.com |
Top news this week: Greece’s new government went on European tour chasing a new bailout deal. They got support in some capitals, but not in the most important one – Berlin. And important EU leaders went to Moscow to mediate peace in Eastern Ukraine with Russian President Putin. On Friday (February 6), the EU and […]
|
| READ THE ORIGINAL POST AT euranetplus-inside.eu |
Greece’s eurozone partners on Friday increased the pressure on the new government to request an extension to the country’s bailout before an emergency summit of eurozone finance ministers on Wednesday, with officials rejecting Greek proposals for a “bridge” agreement to be put in place until the end of May so that a new arrangement can be found.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
The Greek government is sending a double message to its European partners and the country’s creditors ahead of the emergency Eurogroup meeting to be held in five days and in the wake of Berlin’s and European Central Bank’s (ECB) persistent attitude toward the new government’s intention to renegotiate the Greek bailout program. First, the newly elected Greek government has welcomed the emergency Eurgoup announcement, noting that Finance Minister Yanis Varoufakis will at last have the chance to fully present the government’s plan “which meets the fresh mandate given by the Greek people for a mutually beneficial agreement achieved in a short period of time.” And second, Prime Minister Alexis Tsipras, during the government’s program presentation on Sunday, is expected to declare that his government is not willing to take a step back from what has promised prior to the January 25 election. “We will really impress you and will not follow the beaten track,” government spokesperson Gavriil Skellaridis said earlier today in an interview with “Vima FM.” The government has witnessed the European partners’ negativity, although it considers it a part of the ongoing negotiation process and are awaiting the outcome of the upcoming meeting between US President Barack Obama and German Chancellor Angela Merkel, which is scheduled for Monday, in order to establish if Washington is indeed supportive toward the Greek renegotiation proposal aiming at cancelling austerity measures. While everything suggests that Athens will be squeezed to either come to an agreement during the regular Eurogroup meeting on February 16, while submitting its own proposals for the progress of reforms and the exit from the crisis, or request a second extension of the existing program. The government denied information where allegedly Finance Ministry officials said that “we cannot sign the program, the government will fall. We will stick to our decision and will suffer any consequences.” The Greek government has declared that such statements have nothing to do with reality. However, whether such statements were made by Finance Minister junior officials or not, Sakellaridis clarified that the government is not willing to enter a discussion with ultimatums.
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Dozens of residents were evacuated from villages in northeastern Greece on Friday after the Evros River broke its banks due to the high volume of water flowing from neighboring Bulgaria.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek government bonds declined on Friday, with three-year yields rising the most in a week, as the chair of the euro area’s finance ministers’ group said governments won’t grant a request by Greece for short-term financing.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Greek companies Hellenic Petroleum and Energean Oil are the only suitors in the tender to survey for and utilize hydrocarbons in three land blocks in western Greece, the Energy Ministry announced on Friday.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
A biministerial meeting was held earlier today at the Greek Foreign Ministry under Minister Nikos Kotzias, regarding the deteriorating situation in Ukraine and the safety conditions of ethnic Greek expatriates residing on either side of the hostilities line in the country’s eastern provinces. Among others, the meeting was focused on the civilian population humanitarian assistance, while Foreign Minister officials are also examining the possibility of aiding Greek nationals via the Mariupol Consulate General. For that purpose it was decided that a crisis management team should be created that – by the Foreign Minister’s order – will be entrusted with the immediate creation of a safe evacuation preventive plan for Greek nationals in case the conflict in eastern Ukraine is further escalated.
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
The Greek Finance Ministry announced on Friday that Panayiotis Danis has been appointed the new special secretary of the Financial Crimes Squad.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Thirteen correctional officers are to stand trial over the death of Albanian inmate Ilie Kareli in Nigrita Prison last March after a judicial council in Serres, northern Greece, rejected their appeal against their indictment.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
Global ratings agency Standard & Poor's has downgraded Greece's sovereign debt rating, warning that liquidity restraints on Greek banks would limit the time for the country to reach deal with its creditors.
|
| READ THE ORIGINAL POST AT www.dw.de |
Greece was a distraction from the eurozone crisis but now political space has shrunk to the point where sensible economic policy is difficult to deliverWith Syriza having won Greece’s election on a platform to reject the Troika-imposed bailout, the eurozone has reached yet another fork in the road. Let us hope it does not take the wrong turn, again.Squeezing Syriza and humiliating Greece further, as appears to be the strategy in Germany and other powers in the EU, could be the straw that breaks the eurozone’s back. Cutting Greece any slack is opposed by a majority of Germans, even while support for Alexis Tsipras in Greece soared after his election as he fought for concessions on debt. Political space in the eurozone has shrunk to a point where it may no longer be possible to implement sensible economic policy. Which wrong turns did we take? How can we choose wisely this time? Continue reading...
|
| READ THE ORIGINAL POST AT www.theguardian.com |
Never mind that Alexis Tsipras, the Greek premier, and his flamboyant finance minister, Yanis Varoufakis, ran into a wall of resistance during a ...
|
| READ THE ORIGINAL POST AT www.ft.com |
Yanis Varoufakis is not one to tiptoe around the edge. Within a fortnight as Greece's finance minister, he has rocked up to the UK's Downing Street in a leather trench coat and electric blue shirt, redefined icy body language with the Dutch finance ...
|
| READ THE ORIGINAL POST AT www.bbc.com |
ATHENS • Standard & Poor's cut Greece's long-term sovereign credit rating to B- from B on Friday, warning that liquidity restraints on Greek banks ...
|
| READ THE ORIGINAL POST AT www.stltoday.com |
ECB.jpg Home Page News Page Is ECB OMT bad for the EU? The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the Eurozone debt crisis and the unwillingness or inability of Europe’s national governments to come up with timely solutions. Its rise as a political actor started while it was led by Jean-Claude Trichet, but it has become much clearer under his successor, Mario Draghi. The European Central Bank (ECB) symbolises the strange mix of politics and technocracy that marks EU governance. The bank was pushed to centre stage by the Eurozone debt crisis and the unwillingness or inability of Europe’s national governments to come up with timely solutions. See Also links url: http://www.economywatch.com/features/The-Impact-of-the-ECBs-Decisions-Regarding-Greek-Debt-Largely-Confined-to-Greece.02-05-15.html Title: The Impact of the ECB's Decisions Regarding Greek Debt Largely Confined to Greece See Also type: Reference read more
|
| READ THE ORIGINAL POST AT www.economywatch.com |
ATHENS/BRUSSELS, Feb 6 (Reuters) - Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. Instead, a government official said, it wanted authority from the euro zone to issue more short-term debt, and to receive ...
|
| READ THE ORIGINAL POST AT finance.yahoo.com |
Syriza's victory in the recent Greek elections set off a wave of concern in Europe. But even as the new prime minister tries to woo other leaders, his left-wing government is already busy getting down to work. Many of its first moves have been the right ones.
|
| READ THE ORIGINAL POST AT www.spiegel.de |
Standard & Poor's Ratings Services on Friday cut Greece's sovereign rating one notch further into junk territory, citing the country's growing cash ...
|
| READ THE ORIGINAL POST AT www.wsj.com |
Standard & Poor's downgraded Greece's credit rating one notch on Friday and warned of a narrowing window for the government to agree on a new financing program with creditors. S&P downgraded Greece to "B-" from "B," with a negative ...
|
| READ THE ORIGINAL POST AT en.enikos.gr |
Athens bailout plans met wall of resistance on European roadshow
|
| READ THE ORIGINAL POST AT www.ft.com |
Standard & Poor’s downgraded Greece’s credit rating one notch on Friday and warned of a narrowing window for the government to agree on a new financing program with creditors. S&P downgraded Greece to “B-” from “B,” with a negative outlook. “The downgrade reflects our view that the liquidity constraints weighing […]
|
| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
by Associated Press S&P downgrades Greek credit rating amid concerns over cash Associated Press - 6 February 2015 13:01-05:00 ATHENS, Greece (AP) — Standard & Poor's has cut its credit rating on Greece amid concerns over the country's cash position as the new Greek government tries to reach a new deal with bailout creditors. In a statement Friday, the agency says it has lowered Greece's long-term rating by one notch to B- and warned that a further downgrade is possible by keeping the country on so-called "creditwatch negative." S&P says the downgrade "reflects our view that the liquidity constraints weighing on Greece's banks and its economy have narrowed the timeframe during which the new government can reach an agreement on a financing program with its official creditors." Left-wing Syriza swept to power less than two weeks ago in a general election on a promise to bring an end to Greece's years-long austerity. News Topics: Business, General news, Economy, Government and politics People, Places and Companies: Greece, Western Europe, Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
|
| READ THE ORIGINAL POST AT www.neurope.eu |
by Associated Press Standard & Poor's downgrades Greece credit rating amid concerns over country's cash buffers Associated Press - 6 February 2015 12:52-05:00 ATHENS, Greece (AP) — Standard & Poor's downgrades Greece credit rating amid concerns over country's cash buffers. News Topics: Business, General news People, Places and Companies: Greece, Western Europe, Europe Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
|
| READ THE ORIGINAL POST AT www.neurope.eu |
Reports holding that Italian multinational ENEL would withdraw from bidding proved true
|
| READ THE ORIGINAL POST AT en.protothema.gr |
A big “No” to the Greek request
|
| READ THE ORIGINAL POST AT en.protothema.gr |
Washington: Greece should continue with reforms, keep exercising prudent fiscal policy and carrying out reforms which are more attractive to foreign investments, in order to meet its international obligations and to return to prosperity
|
| READ THE ORIGINAL POST AT en.protothema.gr |
Standard and Poor's has downgraded Greece's credit rating to B-, just one notch above the range indicating vulnerability to a default. It warned Athens had limited time to reach a deal with creditors. "In our view, a prolongation of talks with official ...
|
| READ THE ORIGINAL POST AT www.rte.ie |
What started as a wild week for the Global X FTSE Greece 20 ETF (NYSEArca: GREK) will end that way as the lone Greece ETF is tumbling by 3.7% after Standard & Poor’s pared its rating on the country’s sovereign ...
|
| READ THE ORIGINAL POST AT finance.yahoo.com |
… world economy, business and finance. Greece’s whistle-stop tour of European … term, there will be fears Greece is at risk of plunging … to put more pressure on Greece and accelerate the negotiation process …
|
| READ THE ORIGINAL POST AT world.einnews.com |
… and Poor's cut Greece's long-term sovereign credit … weighing on Greece's banks. The long-term ratings on Greece …
|
| READ THE ORIGINAL POST AT world.einnews.com |
… grant a request by Greece for short-term financing. Greece’s finance minister … unilateral default in Greece is off the table.” Greek three-year yields rose … Hague, Friday, when asked about Greece’s requests. The country’s …
|
| READ THE ORIGINAL POST AT world.einnews.com |
The 1,900 miners who work in the goldmines of Hellas Gold in Skouries in Chalkidiki, northern Greece, want to continue their work, despite the new government’s pre-election promises to shut down the mines. According to Greek newspaper “Kathimerini,” the Skouries goldmines will be a crash test for the new leftist government. Prime Minister Alexis Tsipras had promised during his campaign that the mines in Skouries will shut down if SYRIZA becomes government. Now, mine workers organize a series of protest rallies starting this Sunday in the village of Panagia. Some even said that they will stay inside the galleries if anyone tries to pull them out. On the flip side, people of the wider Ierissos area who protest against mining in Skouries are organizing a counter-demonstration rally on February 15. They will ask from the new government to fulfill the promise to shut down the mines. The government has not taken a clear stance on the matter yet, according to the Kathimerini report. In an effort to satisfy both sides, government officials have issued ambiguous statements that are unsatisfactory to both sides so far. Minister of Productive Reconstruction, Environment and Energy Panagiotis Lafazanis told Reuters that the new government opposes Hellas Gold, noting that “we will consider our next steps in this regard” and avoided making clear what the intentions of Athens are. Deputy Environment Minister Yiannis Tsironis was equally ambiguous to “Macedonia” newspaper when he stated that “we will not turn the switch off, but we will not change our stance now that we are government.” And he added, “We will take a look at the total investment, we will see what guarantees they give for the environment and growth,” acknowledging that “we have signed contracts, we must consider what it means to review them. We may consider other alternatives such as underground mining only. It is something we will examine from scratch.” Miners’ representative Christos Zafeiroudas told Kathimerini, “We are determined to defend our jobs. We do not assign the right for the protection of the environment to anyone else since it is us who live in this environment and we make sure that the company maintains all legal requirements. If anyone tries to put obstacles in our cause, we will even stay inside the galleries, like we did in 2003,” he said. Hundreds of protesters who oppose mining in the area traveled to Athens by bus in order to attend the debate of their actions against Hellas Gold at the Council of State. “There is a wind of optimism as we expect the government’s next moves. SYRIZA has promised too much, the company is evading taxes and the investment is illegal. In the next days, we will go to Skouries in masses and stop the mining company,” said Mining Activities Observatory President in Chalkidiki Tolis Papageorgiou. “We go on with business as usual. We have all the legal permits, we are absolutely legal, we have invested 350 million euros. And we will invest as much in Olympiada and Skouries. In a short time we will hire another 700 people and the total number of jobs will amount to 2,500,” Hellas Gold spokesman Costas Georgantzis told Kathimerini.
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
A 21-year-old Syrian national was found guilty of the naval tragedy that took place about a year ago, in January 2014, off the coast of Farmakonisi, Greece, where 12 migrants lost their lives. The man reportedly refused to accept that he was steering the vessel, claiming to have been a refugee himself, although the court rejected his claim. The Felony Appeals Court of Dodecanese in Rhodes argued that the young Syrian was the captain of the migrant-carrying vessel and, despite his detailed report and witness testimonies, imposed him a 145-year-and-three-month prison sentence. As Greek law dictates though, the accused will only serve 25 years and pay a 570,500-euro fine. In detail, the Court of Dodecanese imposed 15 years imprisonment and a 50,000-euro fine for the transportation of each one of the migrants and a further six-month prison sentence and 500-euro fine for entering the country illegally. According to some of the surviving migrants’ testimonies, the vessel was turned over when it was being towed back towards the Turkish shores by a Greek Coast Guard vessel and not during its trip. This version was also adopted by Mania Barsefski, a member of SYRIZA’s Political Secretariat, who met the surviving migrants when they were transferred to the port of Piraeus. As she highlighted, the court imposed an “exhausting sentence” on the 21-year-old man and “reversed the roles, declaring the victim into a perpetrator.”
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Some 300 internationally acclaimed academics and intellectuals from across the globe have signed and published an open letter in support of Greece and Europe, demanding from the European governments, the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) to respect the mandate of the Greek people for a new negotiation between the country’s government and its partners in order to agree to a new program and resolve the long-standing debt problem. The open letter was published online on a website founded by journalist and former editor in chief of French daily newspaper Le Monde, Edwy Plenel. Among others, the letter is signed by economists James Kenneth Galbraith of the University of Texas at Austin, Stephany Griffith-Jones of the Columbia University in New York, Jacques Sapir of the Ecole des Hautes Etudes en Sciences Sociales (EHESS) in Paris, psychiatrist Gerald Epstein of the American Institute for Mental Imagery and philosopher/sociologist Dominique Meda of the Universite Paris-Dauphine. The full letter in English: We the undersigned call on the governments of Europe, the European Commission, the European Central Bank and the IMF to respect the decision of the Greek people to choose a new course and to engage the new government of Greece in good faith negotiations to resolve the Greek debt. The government of Greece is correct to insist on new policies because the previous policies have failed. They have not brought economic recovery. They have not brought financial stability. They have not brought jobs or foreign investments. They have stressed and damaged Greek society and weakened Greek institutions. There is therefore no value in that approach and no progress to preserve. We urge Greece’s European partners to accept this reality, without which the new government would have never been elected. Greece needs immediate humanitarian measures, a higher minimum wage, new jobs, new investments, and steps to restore and improve basic services such as education and healthcare. It needs a stronger and more progressive tax system, less dependent on VAT and better able to tax income and wealth. It needs to fight, punish and root out corruption. The new government needs fiscal space to implement these measures and demonstrate their worth, and it needs continuing financial support from the ECB to stabilize the financial sector in the meanwhile. We urge Greece’s European partners and institutions to provide that fiscal space and support. The government of Greece is correct to ask for a write-off of debts owed to European partners. These debts are unsustainable and so will not be paid in any event. There is therefore no economic loss involved, for any other nation or its taxpayers, in writing them off. On the contrary, a fresh start for Greece will help bring new activity, income, jobs and profit to its partners. We urge Greece’s creditors to seize this chance, and explain these facts clearly and candidly to their own people. These issues also engage the future of Europe as a whole. A policy of menace, threats, deadlines, obstinacy and blackmail will demonstrate to all Europeans that the European project will have failed. It will have failed morally, politically and as a matter of economics. We urge Europe’s leaders to reject and condemn all efforts to coerce the government and people of Greece. Conversely, success for Greece can show the path toward renewed prosperity and stability for Europe, with a new role for democracy and a new openness to elections that bring constructive change. We stand with Greece and with Europe, with democracy and with change. We urge Europe’s leaders to recognize the special basis of Greek decision-making in hard-fought and decisive democratic choice, and to choose the path of realistic assessment and reasonable negotiation.
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Precious metal miners among leading fallers as gold and silver hit after US jobs dataLeading shares ended the week on a downbeat note, albeit off their worst levels following stronger than expected US jobs data.The FTSE 100 finished down 12.49 points at 6853.44 as concerns about the standoff between Greece and the eurozone intensified ahead of a key Eurogroup meeting called for next week.Of all the epithets to employ to today’s non-farm payrolls up, ‘Goldilocks’ might be the best. Jobs growth was strong, but not too strong. Meanwhile earnings growth was better as well, providing the rationale for a stabilisation that still leaves the index tantalisingly close to 6900.Yet again it is the mining sector that has contributed most to the losses today, as the tale of oversupply that has caused such woe for the sector overall rears its head again.The sector’s valuation is retesting highs, but is likely to push on as strong, cash-backed returns become relatively more attractive. The calmness of the land market makes this cycle genuinely different, and industry structure underpins returns. There is a wall of worry to climb, but the risks are all known and fairly limited. A 5% dividend yield is attractive in a low-return world. The four big concerns for the sector are valuation, the General Election, margin risks and rate rises. Each of these poses credible but limited risk, all of which should be offset by the stock market’s rising appetite for high returns and yield. The General Election may only create risk if it proves inconclusive; and rate rises are only an issue if their pace exceeds wage growth.The LSE said that it has “already received a number of expressions of interest” and the press are suggesting there are “at least three interested buyers” (of which CIBC is named as one, others unnamed). It is our speculative view that Aberdeen could be among those who have taken a look. In our view, at the press rumoured price of $1.4bn (assuming there is no material surplus capital to be injected into the business before sale) is correct, then relative to historic earnings of around $80m, it does not stand out as being obviously cheap (around 17.5 times earnings) on a headline basis for an asset manager.However, Russell Investment appears to be cost inefficient compared to most other asset managers with scale ($256bn assets under management and $784m revenue but only around 17% operating margin versus 30%-50% industry norms). Aberdeen as a known (and successful in our view) cost cutter could therefore possibly add value. In our view, they would need to extract a 30% plus margin to make it value enhancing at a price of $1.4bn.... Additionally, Aberdeen management (for better or worse) have made it widely known they want to diversify the business away from its reliance on emerging markets and related equities, which this deal would do. They have also said that the US is a market they want to expand into. Finally, management also appeared to give the impression recently that they would look to seek shareholder approval for any future deals, possibly hinting that they are looking at a transaction of more than 10% new share issuance (which $1.4bn would be).Importantly a positive overall survival benefit in the COMBI-d study forms part of the oncology asset sale to Novartis, $1.5bn contingent consideration determined by a positive overall survival outcome. This puts the final price paid by Novartis for GlaxoSmithKline’s oncology assets to $16bn, £4bn of which is due to be returned to investors via a B Share scheme following completion of the asset swap which also includes Glaxo’s purchase of Novartis’ Vaccines unit and the establishment of a Consumer Health joint venture controlled by Glaxo. Fourth quarter earnings were significantly below expectations, as management invested heavily in R&D and SG&A. This highlights AstraZeneca’s dilemma: the pipeline is rich with innovation but needs heavy investment to realise its full potential. At the same time, Nexium, Crestor, and EU Symbicort are going generic, and key launch brands in respiratory and diabetes need continued investment in highly competitive categories. To mitigate this, the chief executive has introduced a new source of earnings (“externalisation revenue”) selling/partnering non-core pipeline assets to prop-up earnings. The problem is the magnitude and consistency of earnings that ‘externalisation’ needs to generate. We estimate that AstraZeneca needs to realise at least $1.5bn of proceeds from asset sales annually in 2015, 2016 and 2017 in order to keep earnings per share flat at 2014 levels and support the dividend.But should investors really pay 15-20 times PE for one-time gains on partnering/disposals? We see better opportunities elsewhere in EU Pharma (Novartis, Sanofi, Bayer). Continue reading...
|
| READ THE ORIGINAL POST AT www.theguardian.com |
Euro-area governments won’t grant Greece’s request for a short-term financing agreement to keep the country afloat while it renegotiates the terms of its financial support, said Jeroen Dijsselbloem, chairman of the bloc’s finance ministers’ group.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |
The Greek bourse has apparently already priced in the clash between the new administration in Athens and the country’s creditors, as well as the expected isolation of Finance Minister Yanis Varoufakis at next week’s Eurogroup meeting, as stocks gave up less than 2 percent on Friday.
|
| READ THE ORIGINAL POST AT www.ekathimerini.com |