Greece's creditors have hammered out a rescue deal to present Prime Minister Alexis Tsipras. Whether it gives enough ground to be acceptable to his ...
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| READ THE ORIGINAL POST AT blogs.wsj.com |
How the world sees Greece
Tuesday, June 2, 2015
At A Glance What Happens if Greece Defaults on IMF Payments?
Does Greece Have a Diabolical Plan B?
It provides money to the Bank of Greece so it can maintain the liquidity of local banks (the current limit on this assistance is set at 80.2 billion euros, ...
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| READ THE ORIGINAL POST AT www.bloombergview.com |
Varoufakis briefs Syriza MPs on negotiations
Greek Finance Minister Yanis Varoufakis met with a team of Syriza MPs to brief them on the negotiations and the prospects of an agreement. No further details emerged from the meeting. enikos.gr
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| READ THE ORIGINAL POST AT en.enikos.gr |
Emergency Eurogroup possible Friday
An emergency Eurogroup meeting on Greece's debt deal is possible Friday, according to uncomfirmed Greek media reports citing "well-informed sources" within the group. The Euro Working Group is set to meet Wednesday. The Euro Working group is a preparatory body composed of ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Stocks are sliding (SPY, DJI, IXIC, USD, EUR, USDEUR, GLD)
Stocks are lower and the euro is surging on Tuesday morning. Near 9:48 a.m. ET, the Dow was down 89 points, the S&P 500 was down 10 points, and the Nasdaq was down 28 points. Stocks closed higher yesterday to start June in the green. The euro is having a big day, rallying as much as 2% to cross the 1.11 level against the dollar. Greece met with its creditors on Monday night and has submitted a list of reforms. But Eurogroup President Jeroen Dijsselbloem said a deal with creditors is still far, according to Bloomberg. The rally also came after data showed that eurozone inflation read positive for the first time since last November. The US dollar index was down more than 1%, at around 96.17. Auto sales data for May is rolling in, and companies are crushing estimates so far. General Motors beat expectations with a 3% jump in sales (versus 0.1% estimated), while Ford recorded a 1.3% decline in sales, less than the 3.1% slump forecast. At 10:00 a.m. ET, we'll get the reading on factory orders for April.SEE ALSO: ALBERT EDWARDS: 'Finally!' Join the conversation about this story » NOW WATCH: 11 little-known facts about Hillary Clinton
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The euro is ripping higher (EUR, USD, EURUSD)
The euro is surging. On Tuesday morning, the euro was up by almost 2% against the dollar, surging past the 1.11 level. It's a big week for Greece, and there are signs of progress. The leaders of all the major creditors met Monday night, and Greece has finally submitted a list of reforms to its creditors. The details were not made public, but sources close to the negotiations told Reuters that there are no major new concessions. But Eurogroup President Jeroen Dijsselbloem said a deal with creditors is still far, according to Bloomberg. Greece's next payment to the International Monetary Fund is due Friday. The rally also follows news that inflation has re-appeared in Europe for the first time since November 2014. Here's a chart showing the rally: Join the conversation about this story » NOW WATCH: Mark Cuban has a brilliant strategy to get the best college degree for less money
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| READ THE ORIGINAL POST AT uk.businessinsider.com |
Wall St opens lower as Greece weighs; data eyed
U.S. stocks opened lower on Tuesday amid investor concerns over the outcome of Greece's negotiations with creditors and ahead of data that could provide clues on the timing of a U.S. rate hike.
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| READ THE ORIGINAL POST AT www.business-standard.com |
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