It's time for Greece to put itself out of its misery. It must stop hoping for a miracle, default on its debts and exit the euro. In the short term, this would ...
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| READ THE ORIGINAL POST AT www.telegraph.co.uk |
How the world sees Greece
Monday, June 1, 2015
Draghi, Lagarde joining Berlin meeting on Greece
The goal of the meeting was to reach a joint position on how to negotiate with Greece, the officials said. Athens and its creditors from the euro zone ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Shooting at Mall at Greece Ridge
Update: Police confirmed there was an officer involved shooting at the Mall at Greece Ridge. Police said a man was killed after a confrontation with ...
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| READ THE ORIGINAL POST AT www.13wham.com |
Officer-involved shooting leaves one dead in Greece
A man was killed by a Greece police officer Monday afternoon in the parking lot at the Mall at Greece Ridge. There is a heavy police presence near the ...
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| READ THE ORIGINAL POST AT www.democratandchronicle.com |
Man shot dead by police at the Mall at Greece Ridge parking lot
Greece, NY (WROC)- One man is dead after a police involved shooting in Greece. The incident occurred in the overflow parking lot outside of Sears at ...
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| READ THE ORIGINAL POST AT www.rochesterhomepage.net |
Person Shot and Killed Following Altercation With Officer in Mall at Greece Ridge Parking Lot
GREECE, N.Y. -- Police in Greece said an officer shot and killed a person in a parking lot of the Mall at Greece Ridge on Monday afternoon. According ...
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| READ THE ORIGINAL POST AT www.twcnews.com |
How a Grexit and Brexit Would Unravel Europe
BERLIN -- Since 2008, when the global financial crisis erupted, the European Union has been confronted by a succession of crises: the escalating Greek crisis; Russian revanchism in Ukraine; and the refugee crisis in the Mediterranean (which is inextricably linked to the regional crisis in the Middle East and Africa's various wars). These crises have stretched the EU's powers and institutions up to -- and beyond -- their limits, which is why Europe's response has been so mortifyingly weak. The ineffectiveness of existing institutions and structures in the face of today's threats is now jeopardizing the EU's legitimacy, because Europe's citizens are calling for solutions that the EU obviously is unable and partly unwilling to provide. One consequence is erosion of support for the EU among its member states' electorates. And the pace of erosion could accelerate in the next two years. The United Kingdom now seems certain to hold, by 2016, a referendum on remaining in the EU, and a far-left party -- determined, as in Greece, to escape the rigors of economic reform -- could win Spain's general election next autumn. Certainly, events could turn out positively, with the U.K. remaining part of the EU, and Spain opting for the status quo or a more moderate vision of change than Greece's Syriza-led government has embraced. But the worst-case scenario for the EU's future looks increasingly likely: "Grexit" (Greece leaving the eurozone), "Brexit" (the U.K. leaving the EU), and a Spanish election result that resembles Greece's. Should such a perfect storm occur, the EU's very existence would be in doubt, because other member countries would consider or begin planning their own post-EU futures. Indeed, all of the Euroskeptic and nationalist forces in the EU's member states would strive, with increasing success, to make their respective countries' withdrawal from the EU the central issue in domestic political debate and election campaigns. In other words, nearly 60 years of European integration -- the entire European project -- could be undone. "The combination of Grexit and Brexit, and its consequences not just for the stability of the eurozone, but for the continued existence of the EU, is probably the greatest danger that Europe has faced since the Cold War's end." Europe need not go down this path; but, given EU leaders current failure to acknowledge and rise to the challenges they confront, it seems realistic to assume that it could happen. The combination of Grexit and Brexit, and its consequences not just for the stability of the eurozone, but for the continued existence of the EU, is probably the greatest danger that Europe has faced since the Cold War's end. Moreover, Europe's internal crisis is playing out in a dangerous, unstable geopolitical environment. Though external threats may bolster strategic cooperation among the EU member states, this may not be enough to keep the Union intact, particularly given Russia's effort to divide Europe by strengthening its nationalist, Euroskeptic and xenophobic forces. Preventing the EU from falling apart will require, first and foremost, a strategic solution to the Greek crisis. Greece needs both money and reforms -- rapidly and within the eurozone and the EU. The governments in Athens, Brussels and even Berlin cannot live with Greece as a failed state and economy. The continuing poker game between the Greek government and the troika (the European Commission, the European Central Bank and the International Monetary Fund) hurts all parties involved -- and Europe most of all. It can ultimately end only with a renewed bailout of Greece or with Europe's plunge into disaster. If Grexit is to be averted, which should be the EU's highest priority, the challenge posed by Brexit would already look significantly less daunting, given that here the risks are spread much more evenly between the Union and the U.K. In fact, the risks are greater for British Prime Minister David Cameron, because it is almost certain that Scotland will not accept a Brexit, placing the U.K.'s own future in jeopardy. So, despite Cameron being in a largely self-dug hole, the EU should show some flexibility in its negotiations with Britain over questions that do not concern the Union's basic principles. The U.K. could be offered additional opt-outs from EU policies (such as it now enjoys from the euro). And EU leaders could find a formulation that reassures Britain about the eurozone's impact on the single market. If, in addition to dealing effectively with the risks of Grexit and Brexit, the EU can strengthen its unity and determination in addressing the Ukraine crisis and confronting today's revisionist Russia, it will have succeeded in fending off today's existential threats. Indeed, it could even emerge from its coming tests stronger than before. That is not the likeliest scenario today, but it could become so if Europe decides -- sooner rather than later -- that the consequences of failure must be avoided at nearly any cost. © Project Syndicate -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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| READ THE ORIGINAL POST AT www.huffingtonpost.com |
Tsipras tirade threatens Greek debt talks
Greek Prime Minister Alexis Tsipras smiles during a meeting with Iranian Foreign Minister Mohammad Javad Zarif (not pictured) in Athens May 28, ...
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| READ THE ORIGINAL POST AT www.enca.com |
Hundreds pack funeral for slain Savopoulos family in D.C.
Hundreds joined the two surviving daughters of the Savopoulos family as they packed a Greek Orthodox Cathedral and said their goodbyes.
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| READ THE ORIGINAL POST AT feeds.nydailynews.com |
Last push for Greek deal
Few of those directly involved in the Greek talks — officials from the IMF, the ECB and the European Commission — take that threat seriously.
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| READ THE ORIGINAL POST AT www.politico.eu |
European Commission: ‘June 30 Remains the Only Deadline for a Greek Deal’
As the Greek government is under pressure to agree to economic reforms with its international creditors in order to unlock new financing, the European Commission continues to signal tough stance regarding the ongoing talks with Greece. European Commission spokeswoman Mina Andreeva said on Monday that it is more important to deliver “concrete reform proposals” rather than opinion pieces referring to Greek Prime Minister Alexis Tsipras’ recent comments in French newspaper Le Monde. Tsipras told Le Monde that Greece should not be blamed for not yet reaching an agreement with its European creditors and called on fellow European leaders to bypass technical talks and come to a political solution. Andreeva made it clear that June 30 is the final day for Greece to reach a deal. However, she did talk about the good cooperation between the European Commission and Greek authorities, revealing at the same time that the Eurogroup is always ready for an emergency meeting for the Greek issue. Meanwhile, anonymous sources close to European creditors denied the rumor that an agreement with Athens could be announced on Monday afternoon.
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| READ THE ORIGINAL POST AT greece.greekreporter.com |
Is this Greece's last month in the eurozone?
June could be Greece's last month in the European monetary union if Greece's left- and right-wing coalition does not finally make a move. Once again ...
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| READ THE ORIGINAL POST AT www.dw.de |
Greece's Creditors Said to Meet in Berlin to Discuss Plans
Top level talks were said to be taking place in Berlin on Monday evening to hammer out a proposal that would be presented to Greece as its only ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Berlin, Paris urge Brussels to rework EU asylum plan
Berlin (AFP) - Germany and France on Monday urged the EU to find a fairer way to admit and distribute asylum seekers, as their leaders met the European Commission chief in Berlin.The Greek debt crisis and the threat of Britain leaving the EU were also sure to occupy minds as Chancellor Angela Merkel hosted President Francois Hollande and Jean-Claude Juncker for a working dinner.Officially the mini-summit brought together the leaders of the eurozone's two biggest economies and the EU executive with around 20 heads of large European companies to discuss economic challenges in the digital age.The three leaders did not touch on refugees, Greece or Britain in brief press statements at the start of the meeting, which Juncker said would discuss the growth and jobs potential of a future "digital single market" in the 28-nation bloc.The get-together came hours after a joint call by Paris and Berlin for the EU to revise its plan to admit asylum seekers landing on Europe's shores, amid a spike in arrivals from war zones such as Syria and some poverty-stricken African countries.Decrying an insufficient "balance", the German and French interior ministers said in a joint statement that "deep discussions" were needed, along with "exercising responsibility, solidarity and fairer burden-sharing".Last week, the European Commission asked member states to admit 20,000 Syrian refugees from outside Europe and process another 40,000 asylum seekers from Syria and Eritrea landing in Italy and Greece.Which EU countries would take them in would depend on factors such as national economic output, population and unemployment rates.France and Germany said in the joint statement that they currently were among five member states, along with Sweden, Italy and Hungary, that "are in charge of 75 percent of the asylum seekers"."This situation is not fair and no longer sustainable," they said. - Fears about 'Grexit' - European sources have said the meeting of Merkel, Hollande and Juncker also aimed at working on plans for greater integration of the 19-member eurozone in the wake of the debt turmoil still plaguing cash-strapped Greece.Hollande in brief comments to the press said "the only issue that we need to really address is to pursue medium and long-term growth in a way so that Europe can deal with its problems".The fight against unemployment must be "the aim of all of the decisions we take", he added.Juncker earlier told a German newspaper that he would be "very surprised" if Greece's woes were not at the heart of the Berlin discussions, reiterating his opposition to a so-called "Grexit"."I don't share this idea that we'd have fewer concerns and constraints if Greece gave up the euro," he told the Sueddeutsche Zeitung newspaper. The Berlin meet follows a phone conference Sunday between Merkel, Hollande and Greek Prime Minister Alexis Tsipras, whose country is locked in protracted talks with its creditors in a bid to unlock 7.2 billion euros ($7.9 billion) in bailout funds.Sources close to the Greek government said a "good atmosphere" prevailed during the 35-minute conversation, while Merkel's spokeswoman described the discussions as "constructive".With key deadlines approaching and Athens' coffers nearly empty, a deal has so far proved elusive between Athens and the European Union, the International Monetary Fund and the European Central Bank who demand greater reforms in exchange for cash.Tsipras slammed lenders' insistence on what he described as "absurd" proposals in a column in French newspaper Le Monde Sunday, stressing Athens had made concessions, including agreeing to implement a series of previously-opposed privatisations.The Berlin talks also come the week after all three leaders met freshly re-elected Prime Minister David Cameron to hear his reform wishlist for helping keep Britain in the EU after an "in-out" referendum he has promised by 2017.Merkel stressed after her meeting with Cameron Friday that she wants to keep Britain in the EU and said Germany did not rule out changing EU treaties.Join the conversation about this story »
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| READ THE ORIGINAL POST AT www.businessinsider.com |
The Greek crisis
As usual the Greek government has sent mixed messages about its ability to pay. But what no one disputes is that the €7.2 billion remaining in its ...
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| READ THE ORIGINAL POST AT www.economist.com |
Getting serious about Greek debt woes
Crisis watchers have had their fill of Greek myths. This month, the long-overdue reality is expected to arrive — and it won't be bearing gifts.
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| READ THE ORIGINAL POST AT www.ft.com |
Euro Bearish Outlook Mired by Greek Talks, Sticky CPI
EUR/USD may face a near-term bounce as Greek pledges to carve out a deal with its creditors, while the Euro-Zone's Consumer Price Index (CPI) is ...
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| READ THE ORIGINAL POST AT www.dailyfx.com |
Ahead of meeting Merkel, Juncker warns on Grexit
European Commission President Jean-Claude Juncker has warned of the consequences of Greece leaving the euro. His comments come ahead of a meeting with the German and French leaders in Berlin on Monday.
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| READ THE ORIGINAL POST AT www.dw.de |
Deadlock on Greek €300m debt continues
The deadlock between Greece and its international creditors continued yesterday as technical talks between officials from both sides failed to yield a breakthrough in the four-month standoff. Greece faces a €300 million repayment to the IMF on Friday ...
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| READ THE ORIGINAL POST AT www.irishtimes.com |
Greece's creditors holding summit in Berlin
Top level talks were said to be taking place in Berlin on Monday evening to hammer out a proposal that would be presented to Greece as its only realistic chance of avoiding default and safeguarding its membership of the euro. German ...
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| READ THE ORIGINAL POST AT en.enikos.gr |
Greece may need to default on debts as IMF deadline looms, warns Goldman
Athens could be forced to take drastic action, including snap elections, amid fears it will miss €305m payment to IMF on Friday, investment bank saysGreece may have to default on its debts and impose curbs on bank withdrawals before reaching a deal with its creditors, according to Goldman Sachs, as a crucial payment deadline approaches.The pressure on Athens increased on Monday as a senior German central banker warned that it was “five minutes to midnight” for a Greek financial system on the cusp of collapse.The Greek government would be well advised to act quickly. For the Greeks banks it is five minutes to midnight Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Greek people, not Syriza, will achieve a breakthrough in the crisis
Goldman Sachs may be right: a technical default by Greece, creating even more pressure on its banking system, may be necessary to encourage a dealGreece’s latest “crunch” week – a €300m payment is due by Friday to the International Monetary Fund – started in familiar confused fashion. At the weekend Alexis Tsipras, the Greek prime minister, blamed creditors’ “absurd proposals” for the failure to reach a deal to release bailout cash, arguing that eurozone hardliners want to create a “two speed Europe.”Then Greece’s new representative at the IMF withdrew from the job under pressure from MPs within the ruling Syriza party. Despite all that, there was brief excitement when it was rumoured that a funding and reform package was set to be announced within hours. Naturally, nothing materialised. Continue reading...
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| READ THE ORIGINAL POST AT www.theguardian.com |
Blatter's Pyrrhic Victory is FIFA's Defeat
At the first press conference of his fifth term as FIFA president, an increasingly defiant Sepp Blatter claimed it was his "responsibility" to restore the reputation of FIFA. This is tantamount to a Sisyphean task following a Pyrrhic victory. It smacks of hubris commonly associated with ancient Greek tragedy that often results in capitulation. The shameful indictments of 14 top organization officials for alleged activities under Blatter's watch has inflicted a devastating blow to FIFA's legitimacy and Blatter's continuously eroding credibility. Ultimately, Blatter's re-election represents an own-goal and defeat for FIFA and a hollow victory for Blatter himself. A further setback to Blatter's standing was his inability to secure a first-round victory in FIFA's presidential election. Contrary to expectations, there was no ritual coronation. Blatter's 39 year-old opponent, Prince Ali of Jordan, skillfully claimed the mantle of transparency and accountability which consistently eludes Blatter and FIFA so desperately needs. Whereas Prince Ali described FIFA as an organization of service, Blatter referred to it as a company. In most multinationals, the head would normally tender a resignation if several executives were indicted. Blatter's corporate standards obviously beg to differ. Prince Ali clearly confronted Blatter with the knowledge that he would not only lose the presidential election, but also his position as FIFA Vice President for Asia. It marks one of FIFA's finest, and rarest, moments when a single executive stood up firmly on principle and sacrificed his own position. By elevating the collective interest above personal gain, Prince Ali set a high standard and precedent for other FIFA officials to aspire to. Furthermore, Prince Ali's electoral participation provided a critical voice and served as a crucial catalyst to those opposing Blatter. This sizeable bloc represents more than one-third of FIFA's voting members. It demands real internal reform and will no longer accept business-as-usual. While attempting to downplay the criminal proceedings, Blatter's tone remains consistent. Instead of pursuing real outreach and reconciliation, he continues to engage in the rhetoric of defiance, victimization and conspiracy. Apart from ego-boosting and vexing opponents, these futile antics yield no concrete dividends. Despite his legendary survival skills, Blatter's future and influence as FIFA's head will be largely determined by the judicial processes unfolding in the U.S., Switzerland and other potential jurisdictions. American justice officials reaffirmed that the initial indictments were just the start. Others will inevitably follow. The prevailing question is whether Blatter will be indicted. It would likely spell his end as FIFA president. However, more charges of top ranking FIFA officials could also trigger a snowball effect resulting in Blatter's eventual ouster. A combination of internal and external pressure, building since the U.S. indictments were announced, will certainly play a key role. The European football federation, UEFA, will discuss potential withdrawal from FIFA at its next meeting. FIFA's corporate sponsors express serious concern due to potential damage of brand status. Such central players will likely pursue a cautious wait-and-see approach as the law takes its course. However, spillover into the political realm ensues as governments worldwide with differing interests air contrasting opinions. On one side, the U.K. government called for Blatter's resignation. As the World Cup's next host in 2018, Russia's Vladimir Putin staunchly supports Blatter and accused the U.S. of overreach. Considering the varying legal, economic and political interests at stake internationally, the FIFA saga will continue to dominate diplomatic agendas and global headlines for the foreseeable future. As the organization that represents the world's most popular sport and hosts the largest global sporting event, FIFA desperately needs transformational reform and renewal. It is simply long overdue. Term limits and imposing the highest standards of international best practices must top the list. After 17 years as FIFA's president, the 79 year-old Blatter represents continuity and a past marked by lack of transparency and accountability and a culture of impunity and secrecy. His ability to restore FIFA's reputation, which plunges to new depths, remains extremely limited. Furthermore, the indictments present the Zurich-based organization with the greatest existential crisis of its 111-year history. Not only do they call into question the organization's legitimacy but also the global sport it represents. The three-year U.S. judicial investigation involves alleged wrongdoings dating back to 1991 in the amount of $150 million. Swiss authorities just launched an investigation into the World Cup bids of 2018 and 2022. With other jurisdictions also considering potential investigations into FIFA's activities, events are clearly reaching a tipping point. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
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Uncertainty shrouds Greek debt talks after Tsipras tirade
The article was posted on Le Monde's website before the leftist Greek ... Jean-Claude Juncker would discuss the Greek debt talks on the sidelines of a ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Greek debt deal rumours lift markets out of red
Rumours of an imminent Greek debt deal are swiftly denied, but succeed in dragging markets out of the red in afternoon trading.
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| READ THE ORIGINAL POST AT citywire.co.uk |
Merkel meets with Juncker, Hollande to avert Greece crisis
The leaders of Germany, France and the EU Commission have begun talks on a range of EU-related issues, including the digital single market and energy. But with a "Grexit" looming, Athens is expected to dominate talks.
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| READ THE ORIGINAL POST AT www.dw.de |
Panaritis turns down job as Greek representative at IMF after SYRIZA complaints
Economist Elena Panaritis has revealed that she will not accept an offer to become Greece's next representative at the International Monetary Fund.
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| READ THE ORIGINAL POST AT ekathimerini.com |
Greek talks focus on deal within days as IMF payments loom
Talks on breaking the impasse over Greece’s financial lifeline took on new urgency as the nation faces a debt repayment at the end of this week with a deal to ease its cash crisis seemingly as far away as ever.
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| READ THE ORIGINAL POST AT ekathimerini.com |
Ahead of meeting Merkel, Juncker warns on Grexit
European Commission President Jean-Claude Juncker has warned of the consequences of Greece leaving the euro. His comments come ahead of a meeting with the German and French leaders in Berlin on Monday.
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| READ THE ORIGINAL POST AT www.dw.de |
A new government in Nigeria – but is it a model for other African nations?
Celebrations as Muhammadu Buhari takes office. EPA/Deji YakeIt’s been a tumultuous month in Africa. In Nigeria, Muhammadu Buhari has been sworn in as president. During the lengthy handover period between former president Goodluck Jonathan and Buhari, the Nigerian army finally began making major gains against extremist group Boko Haram – but the militants showed their strength just before the inauguration with attacks on Maiduguri, a major city that also has an ancient Islamic heritage. In Burundi, a coup was launched – and then failed – against a president seeking a third term in office. Violence has erupted and regional leaders have urged Pierre Nkurunziza to postpone plans to hold an election in June. The Economic Community of West African States has decided not to adopt a region-wide resolution against presidents standing for third terms. The planned initiative to limit terms was the result of the riots in Burkina Faso that recently led to the end of a bid for a further term by the president there. Most of the objections came from francophone states, such as Togo, but also from Gambia. These states have presidencies drawn from the model of Charles de Gaulle who, in the post-war French crises, established the most constitutionally powerful presidency in Europe. Even in the absence of crises, those sweeping powers and privileges are hard to give up. The French presidency was, for many decades, seven years long, so two terms, which was the limit, amounted to 14 years. Three five-year terms is only one year more. Quality over longevity But the real issue is not length of time in office – it’s rotation and, implicitly, the right to choose who should next be rotated to the highest office in the land. It has been a long time since a grassroots reformer has come out of nowhere to win a presidency. It is the political elite that is rotated. In a way, this is one of the driving forces behind the rise of groups like Boko Haram. Despite all the doctrinal commitments and all the atrocities, there is still – or once was at the beginning of their insurrections – a political agenda that struck out against the monopoly of political elites. Buhari must not only provide petrol for his people, and bring military victory to the north, he must address the underlying problems of a deeply cleaved Nigerian society. If he, an older man, a former military man, an Islamic believer, a northerner, and a man with a reputation for rising above corruption cannot do this, Nigeria could be facing a difficult period, torn between progress and violence. Southern states, with the shining example of Lagos, are becoming prosperous financial capitals, moving well ahead of the northern cities and states – particularly Boko Haram hotspots. An endless presidency Meanwhile, many Africans continue their perilous efforts to cross the Mediterranean on migrant boats in an attempt to reach the shores of Italy, Greece and Malta – and Europe has reluctantly agreed to make room for 40,000 of them. As well as Syrians fleeing a terrible war, it now seems that a huge number of these people are Eritreans escaping regime imposing a huge conscription drive to swell the country’s armed forces. Running out of options. EPA/Yahya Arhab Military service is indefinite and, for the young, the future is a life on the front line defending the nation against an imaginary Ethiopian foe that long ago ceased to be a threat. The Ethiopians have their transport link to the sea now through Djibouti. They don’t need Massawa, the port city of Eritrea. It is estimated that more than 300,000 Eritreans have fled the country in the past decade and with a president, Isaias Afwerkim,who has limitless terms, they see little hope for change. Testing a new model Presidents who look backwards, presidents who want to stay in office, insurgent groups that grow out of unaddressed political agendas – African nations find themselves at one crossroads after another at the moment. For the immediate future, all eyes will be upon Buhari. Will he be the unlikely model for a new type of presidency? One that is not corrupt, but which is efficient. He has the resources at his command. He seems to have the integrity. But Nigeria is not an army. It does not develop according to orders. How inclusive and persuasive he is will be just as important as how stern or honest he wants his government to be. But he will find it hard to put together a cabinet that doesn’t feature political figures with very mixed records and, at the top of Nigerian politics, the political elite will continue to rotate.
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| READ THE ORIGINAL POST AT theconversation.com |
Greek Economist Withdraws Nomination as IMF Representative
ATHENS—Greek economist Elena Panaritis on Monday said she would not accept an offer to become Greece’s representative to the International Monetary Fund, after almost a third of lawmakers in the country’s ruling Syriza party opposed her appointment.
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| READ THE ORIGINAL POST AT www.wsj.com |
Grexit 101: How Greece could drop out of the euro
The clock is ticking -- the bailout expires at the end of June, after which Greece would be on its own financially. A last minute deal is always possible, ...
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| READ THE ORIGINAL POST AT www.wptz.com |
Syriza forces Tsipras to drop IMF envoy
Party attacks choice of Elena Panaritis, who voted for previous austerity plans, to represent Greece
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| READ THE ORIGINAL POST AT www.ft.com |
U.S. Stocks Fluctuate After Economic Data Amid Greek Debt Talks
U.S. stocks fluctuated as data on manufacturing and consumer spending showed an uneven rebound from the first-quarter slowdown, while investors ...
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| READ THE ORIGINAL POST AT www.bloomberg.com |
Greek contagion risk is limited
There is little chance for the Greek situation to be clarified this week, as the country will most probably be given the flexibility to service its debt in one ...
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| READ THE ORIGINAL POST AT www.fxstreet.com |
Euro on the slide as Greek debt crisis and poor PMI data grips the currency markets
The euro took a tumble today as a possible Greek exit from the eurozone draws ever nearer and after manufacturing data revealed the currency bloc is ...
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| READ THE ORIGINAL POST AT www.thisismoney.co.uk |
Greece expects to sign Turkish Stream memorandum at SPIEF-2015 — Greek Energy Ministry
A memorandum on poltical support will be prepared by June 18-20
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| READ THE ORIGINAL POST AT tass.ru |
Greece expects to sign Turkish Stream memorandum at SPIEF-2015 — Greek Energy Ministry
A memorandum on poltical support will be prepared by June 18-20
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| READ THE ORIGINAL POST AT tass.ru |
Greek PM Alexis Tsipras discusses bailout deal with Francois Hollande, Angela Merkel
ET SPECIAL:Love visual aspect of news? Enjoy this exclusive slideshows treat! ATHENS: Greek Prime Minister Alexis Tsipras spoke with the leaders of France and Germany in their second conference call in three days to discuss progress in the talks between ...
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| READ THE ORIGINAL POST AT economictimes.indiatimes.com |
Greece is first victim of 'monstrous' EU, claims debt-stricken country's PM
EUROPE faces a future at the hands of a "monstrosity" of all-powerful European Union officials that bully entire countries into submission, Greece's ...
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| READ THE ORIGINAL POST AT www.express.co.uk |
Greece's IMF appointee steps down after ruling party backlash
Elena Panaritis, a member of Greece's financial crisis negotiating team, is viewed as close to Finance Minister Yanis Varoufakis and her decision to ...
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| READ THE ORIGINAL POST AT www.reuters.com |
Greek government faces dissent as debt deadline nears
ATHENS, Greece (AP) — Greece's cash-strapped government faced fresh dissent from within the ruling Syriza party on Monday after failing to deliver on a promise to reach an agreement with rescue lenders over the weekend.
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| READ THE ORIGINAL POST AT uk.news.yahoo.com |
Report: Officials Deny Talks of Greek Deal Monday Afternoon
Officials close to creditors negotiating a funding-for-reform package with Greece denied a market rumor that a deal could be announced on Monday ...
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| READ THE ORIGINAL POST AT www.foxbusiness.com |
Stocks go red (SPY, DJI, IXIC, ALTR, INTC)
Stocks opened higher to start the month after a close in the red on Friday, but slid in early trading. Near 10:17 a.m. ET, the Dow was down 5 points, the S&P 500 was down 2 points, and the Nasdaq was down 15 points. Treasuries sold off after the data, with the yield on the benchmark 10-year note jumping as much as five basis points, or 0.05, to 2.15%. In economic data, the Purchasing Manager's Index reading from Markit came in at 54.0 in May, falling from the previous month but beating forecasts. The ISM Manufacturing index rose in May, at 52.8, beating expectations for 52.0. Personal income rose more than expected in April, spending was flat, and inflation rose less than expected. Personal income climbed 0.4% (versus 0.3% expected), spending was unchanged (versus 0.2% expected). "Core PCE," the Fed's preferred measure of inflation, rose 0.1% month-over-month and 1.2% year-over-year. And, construction spending rose 2.2% in April, better than forecasts for a 0.7% gain. We got a $16.7 billion merger to start the week. Intel is buying Altera for $54 a share in an all-cash deal that had been rejected. In morning trading, shares of Altera were up as much as 6%, while shares of the world's largest chipmaker were down about 2%. Markets will be paying attention to Greece this week. On Sunday, the Greek government said an agreement with creditors could be reached by tomorrow. Meanwhile, the next debt repayment to the International Monetary Fund is due on Friday; Greece pulled cash from its reserves to make the last payment.SEE ALSO: Goldman Sachs calls record stock buybacks a 'questionable use of cash' Join the conversation about this story » NOW WATCH: Here's how Floyd Mayweather spends his millions
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Financial chaos: The derelict factories of Greece, in pictures
In pics: 2,500 km trip around Greece shows remnants of a once flourishing industry
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| READ THE ORIGINAL POST AT telegraph.feedsportal.com |
Greek Drama Set for Main Stage in Markets
Three months have passed since Greece and its creditors agreed an initial deal to extend its current financing package by four months. Markets so far have taken the risks from Greece in their stride, but they should start paying attention. The clock is now ...
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| READ THE ORIGINAL POST AT www.wsj.com |
Greece Needs a New Government to Avert Bankruptcy Say Analysts
Goldman Sachs says the current government has reached the end of the road after failing to deliver an unrealistic promise
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| READ THE ORIGINAL POST AT time.com |
Greece’s deal Monday afternoon? A rumor is a rumor is a rumor…
The Euro went up Monday noon when a wild rumor was sweeping through traders’ desks and markets’ floors and social media, preferably on Twitter.. According to the unsourced rumor a Greek deal was to be announced in the afternoon. Soon, an official from the Institutions confirmed that the rumor was […]
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| READ THE ORIGINAL POST AT www.keeptalkinggreece.com |
Greece: a clod of earth worth saving?
So Tsipras has penned in the pages of Le Monde a detailed status update on the technical talks in Brussels between that hold the key to Greece ...
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| READ THE ORIGINAL POST AT blogs.channel4.com |
European markets hold their own despite ongoing Greek unease
LONDON (AP) — European stock markets eked out some gains Monday despite ongoing uncertainty over Greece's bailout discussion with creditors.
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| READ THE ORIGINAL POST AT newsok.com |
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