How the world sees Greece
Following the finalization of the third Greek bailout, privatizations and operation takeovers of Greek pubic assets are expected to recommence. Greek newspaper “Kathimerini” reported that German Fraport AG and Slentel Ltd will soon complete the takeover of the operation of 14 Greek airports. The agreement with the Greek state had been signed back in November 2014 under the
 |
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greece's Prime Minister said his country was in the "final stage" of talks for a new bailout and the talks would end soon. The post Greece Says Deal Almost Done appeared first on The National Herald.
|
| READ THE ORIGINAL POST AT www.thenationalherald.com |
Nikos Filis said Greece was seeking a full agreement so that it could receive ... Filis was speaking amid signs of progress in talks between Greece, the ...
|
| READ THE ORIGINAL POST AT www.reuters.com |
Greece’s vice president and prominent SYRIZA MP Yanis Dragasakis thanked the USA for helping Greece establish a deal with the Eurozone and the IMF, adding that the deal is not yet officialy completed. The Greek VP thanked the US government and President Barrack Obama for pushing Europe and the IMF to accept a disclosure on the deal for a future Greek debt restructure. “Without their help and insistence that the agreement should include the debt issue, we might not have succeeded,” Dragasakis said. He also added that the U.S. mediation made the need for an agreement clear to everyone. “I consider it a historic event,” he said, stressing that the US exerted strong pressure on other issues as well such as the labor reform. However the Greek vice president agrees with Greek prime minister Tsipras that this specific deal is not a positive outcome, just Greece has no better options. “There is criticism and self-criticism. When I was saying that people shouldn’t be so hopeful, I was strongly criticized,” noted the Greek government vice president in a radio interview speaking about the bailout deal his SYRIZA party is putting for vote tonight in the Greek parliament. “But at the moment it would be useless to rewrite history. Now, it is important to decide what we want to do in the future,” he stressed, adding that the agreement is still not certain; “there are forces that see it as a defeat, even if it is not the agreement that we would like.” Meanwhile, he added that it was a mistake for his party colleagues to believe that SYRIZA could implement its campaign programme and promises without factoring in the negotiation process.
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
The Greek prime minister has described the bailout deal with European creditors as "blackmail", but has vowed to follow through with it.
|
| READ THE ORIGINAL POST AT uk.news.yahoo.com |
U.S. stocks opened higher on Monday after euro zone leaders reached agreement with Greece to move forward with a third bailout loan for the country to avert bankruptcy.
|
| READ THE ORIGINAL POST AT www.business-standard.com |
Markets cheered news that Europe had at last reached a new bailout deal with Greece. The deal must still be approved by Europe's parliaments, though - and then acted on.
|
| READ THE ORIGINAL POST AT www.dw.com |
European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement following all-night talks in Brussels to move forward with a bailout loan for Greece.
|
| READ THE ORIGINAL POST AT www.business-standard.com |
A deal!
|
| READ THE ORIGINAL POST AT en.protothema.gr |
European shares surged in early trading on Monday after European Council President Donald Tusk said euro zone leaders reached a unanimous agreement following all-night talks in Brussels to move forward with a bailout loan for Greece.
|
| READ THE ORIGINAL POST AT www.business-standard.com |
A deal!
|
| READ THE ORIGINAL POST AT en.protothema.gr |
Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported today.
|
| READ THE ORIGINAL POST AT www.business-standard.com |
By Greg Roumeliotis and Pamela BarbagliaNEW YORK/LONDON (Reuters) - Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share.Low interest rates and stronger confidence among chief executives have led to a steady rise in M&A activity in the last two years to close to pre-2008 financial crisis levels. The second quarter of 2015, however, stands out for the number of mega deals that were clinched or attempted.These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc , cable operator Charter Communications Inc's $78.7 billion merger with Time Warner Cable Inc , and chip maker Avago Technologies Ltd's $37 billion acquisition of peer Broadcom Corporation .Such large deals drove M&A volumes globally in the second quarter of 2015 up by 34.6 percent year-on-year to $1.33 trillion as of June 26, shy of the record $1.41 trillion seen in the second quarter of 2007."Given the consolidation that is going on across numerous sectors, to be a bystander could mean losing ground from a competitive standpoint," said Gary Posternack, global head of mergers and acquisitions at Barclays Plc ."Companies are mapping out their industry landscapes, focusing on transactions that could position themselves as industry leaders, and acting aggressively to try to bring them to fruition," Posternack added.Consolidation was often sparked by one company exploring a sale and spurring its rivals into action. In the United States, for example, health insurer Humana Inc's decision to put itself on the block prompted peers Cigna Corp , Aetna Inc , Anthem Inc and UnitedHealth Group Inc to also explore other deals.To be sure, there were several takeover approaches in the quarter that were rebuffed. Cigna has so far snubbed Anthem's $53.8 billion acquisition proposal, natural gas pipeline company Williams Companies Inc rejected a $53.1 billion offer from peer Energy Transfer Equity LP , and generic drug maker Mylan NV is resisting a roughly $50 billion bid by Teva Pharmaceutical Industries Ltd , while also seeking to acquire rival Perrigo Company Plc in a hostile $35 billion bid."The public markets have become more receptive to companies taking control of another company in a transformational way, even when the target may be reluctant to sell or merge," said Robin Rankin, global M&A co-head at Credit Suisse Group AG .STRATEGIC DEALSA major difference between the recent M&A boom and that seen in 2007 is that the latter was to a large extent fueled by private equity-backed leveraged buyouts, as opposed to this year's strategic corporate deals. In fact, the first half of 2015 has seen the slowest six-month period for private equity-backed acquisitions since 2012."For private equity investors, one of the main issues is the limited supply of assets. They have money to put to work but it proves hard for them to compete against industry players or new money pools in fiercely competitive auctions," said Luigi Rizzo, head of M&A for Europe, the Middle East and Africa at Bank of America Corp Despite the near-record M&A volumes, and the frothy valuations that have accompanied them, dealmakers say companies that see a strong strategic rationale remain committed to acquisitions."When you are in the boardroom, discussion is not generally focused on whether we are in a bubble or not, or how long will this M&A trend continue. The discussion is rather about fundamentals, what is happening to operations and how much is the business worth," said Stephen Arcano, M&A head at law firm Skadden, Arps, Slate, Meagher & Flom LLP.M&A volumes jumped in all three regions. More companies showed appetite for cross-border dealmaking, with U.S. agrochemicals company Monsanto Co launching a bid for Switzerland's Syngenta AG , and Potash Corp of Saskatchewan Inc going after German peer K+S AG ."Buyers are looking for growth and borders do not represent obstacles. If they can buy something in emerging markets, developed Asia or in Europe, that is consistent with their strategy, that will be what they want to do," said Bob Eatroff, Americas M&A co-head at Morgan Stanley .Macro-economic concerns such as Greece's debt crisis and China's interest rate policies did not dampen M&A sentiment in Europe and Asia in the second quarter. Dealmakers say this could change if concerns over Greece or other issue curb risk taking."The market backdrop in Europe could be described as a form of surreal stability; markets are favorable, but there are potential risks on the horizon which may not yet have been factored in," said Robert Leitão, head of Rothschild's global financial advisory team.(Reporting by Greg Roumeliotis in New York and Pamela Barbaglia in London; Editing by Tom Brown)Join the conversation about this story »
|
| READ THE ORIGINAL POST AT www.businessinsider.com |
By Greg Roumeliotis and Pamela BarbagliaNEW YORK/LONDON (Reuters) - Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share.Low interest rates and stronger confidence among chief executives have led to a steady rise in M&A activity in the last two years to close to pre-2008 financial crisis levels. The second quarter of 2015, however, stands out for the number of mega deals that were clinched or attempted.These include Royal Dutch Shell Plc's $70 billion acquisition of British rival BG Group Plc , cable operator Charter Communications Inc's $78.7 billion merger with Time Warner Cable Inc , and chip maker Avago Technologies Ltd's $37 billion acquisition of peer Broadcom Corporation .Such large deals drove M&A volumes globally in the second quarter of 2015 up by 34.6 percent year-on-year to $1.33 trillion as of June 26, shy of the record $1.41 trillion seen in the second quarter of 2007."Given the consolidation that is going on across numerous sectors, to be a bystander could mean losing ground from a competitive standpoint," said Gary Posternack, global head of mergers and acquisitions at Barclays Plc ."Companies are mapping out their industry landscapes, focusing on transactions that could position themselves as industry leaders, and acting aggressively to try to bring them to fruition," Posternack added.Consolidation was often sparked by one company exploring a sale and spurring its rivals into action. In the United States, for example, health insurer Humana Inc's decision to put itself on the block prompted peers Cigna Corp , Aetna Inc , Anthem Inc and UnitedHealth Group Inc to also explore other deals.To be sure, there were several takeover approaches in the quarter that were rebuffed. Cigna has so far snubbed Anthem's $53.8 billion acquisition proposal, natural gas pipeline company Williams Companies Inc rejected a $53.1 billion offer from peer Energy Transfer Equity LP , and generic drug maker Mylan NV is resisting a roughly $50 billion bid by Teva Pharmaceutical Industries Ltd , while also seeking to acquire rival Perrigo Company Plc in a hostile $35 billion bid."The public markets have become more receptive to companies taking control of another company in a transformational way, even when the target may be reluctant to sell or merge," said Robin Rankin, global M&A co-head at Credit Suisse Group AG .STRATEGIC DEALSA major difference between the recent M&A boom and that seen in 2007 is that the latter was to a large extent fueled by private equity-backed leveraged buyouts, as opposed to this year's strategic corporate deals. In fact, the first half of 2015 has seen the slowest six-month period for private equity-backed acquisitions since 2012."For private equity investors, one of the main issues is the limited supply of assets. They have money to put to work but it proves hard for them to compete against industry players or new money pools in fiercely competitive auctions," said Luigi Rizzo, head of M&A for Europe, the Middle East and Africa at Bank of America Corp Despite the near-record M&A volumes, and the frothy valuations that have accompanied them, dealmakers say companies that see a strong strategic rationale remain committed to acquisitions."When you are in the boardroom, discussion is not generally focused on whether we are in a bubble or not, or how long will this M&A trend continue. The discussion is rather about fundamentals, what is happening to operations and how much is the business worth," said Stephen Arcano, M&A head at law firm Skadden, Arps, Slate, Meagher & Flom LLP.M&A volumes jumped in all three regions. More companies showed appetite for cross-border dealmaking, with U.S. agrochemicals company Monsanto Co launching a bid for Switzerland's Syngenta AG , and Potash Corp of Saskatchewan Inc going after German peer K+S AG ."Buyers are looking for growth and borders do not represent obstacles. If they can buy something in emerging markets, developed Asia or in Europe, that is consistent with their strategy, that will be what they want to do," said Bob Eatroff, Americas M&A co-head at Morgan Stanley .Macro-economic concerns such as Greece's debt crisis and China's interest rate policies did not dampen M&A sentiment in Europe and Asia in the second quarter. Dealmakers say this could change if concerns over Greece or other issue curb risk taking."The market backdrop in Europe could be described as a form of surreal stability; markets are favorable, but there are potential risks on the horizon which may not yet have been factored in," said Robert Leitão, head of Rothschild's global financial advisory team.(Reporting by Greg Roumeliotis in New York and Pamela Barbaglia in London; Editing by Tom Brown)Join the conversation about this story »
|
| READ THE ORIGINAL POST AT feedproxy.google.com |
LONDON — Forty-thousand refugees will be relocated from southern Europe under a deal reached by political leaders to tackle the continent's ...
|
| READ THE ORIGINAL POST AT www.nbcnews.com |
Greece and its creditors launched a new round of talks in Brussels early Thursday in a fresh bid to unlock billions of euros in loans and save the country from bankruptcy.
|
| READ THE ORIGINAL POST AT ekathimerini.com |
If there's no Greece debt deal, then what?
|
| READ THE ORIGINAL POST AT rssfeeds.usatoday.com |
Persistent concerns of Greece leaving the euro weighed on European stocks on Thursday, with the lack of progress in negotiations on a cash-for-reform deal for Athens pushing investors towards safe-haven German Bunds.
|
| READ THE ORIGINAL POST AT www.business-standard.com |
Greek Prime Minister Alexis Tsipras and his country's creditors failed to reach a bailout deal at emergency talks on Thursday, raising fresh fears that Athens will default on an International Monetary Fund (IMF) loan next week.
|
| READ THE ORIGINAL POST AT www.globaltimes.cn |
Greece and its creditors launched a new round of talks here June 25 Thursday in a fresh bid to unlock billions of euros in loans and save the country from bankruptcy, five days before a crucial loan payment must be made. The post Greece, Troika in New Bid for Loan Deal as Payment Deadline Looms appeared first on The National Herald.
|
| READ THE ORIGINAL POST AT www.thenationalherald.com |