JPMorgan Loses Conviction in Greek Bonds as Endgame Approaches

On Friday, the U.S. bank recommended investors take 10 basis points of profit on a long position in the 3 percent Greek bond maturing in February ...

READ THE ORIGINAL POST AT www.bloomberg.com

Daily Express blames Greek economic crisis on EU and immigration

For one thing, the Greek economy is not comparable to that of Britain. The UK is a much richer country with far less corruption than Greece. Crucially ...

READ THE ORIGINAL POST AT leftfootforward.org

Greek scenario threatens to deteriorate – NAB

“The next few months are critical, given relatively large loan, debt and interest repayments, unless there is a binding agreement between the Greek ...

READ THE ORIGINAL POST AT www.fxstreet.com

Germany-France Leaders: Greek Deal Should be Reached Soon

Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande had a 35-minute teleconference on Sunday evening in which they agreed that the agreement between Greece and creditors should be signed soon. At the same time, several top European officials have said that the deal should be expedited. Some even said that it is possible the deal could be signed within this week. The Greek side is optimistic that an agreement is pending soon and the doubts over Greece paying the 300-million-euro installment due to the International Monetary Fund on June 5 are lifted. Development Minister Giorgos Stathakis said the repayment will be made on time, especially now that the two sides are closer to an agreement. Technical talks between the lenders representatives and the Greek team will continue through Wednesday in Brussels, therefore an emergency Eurogroup session is impossible until then. The Greek prime minister may travel to Berlin this week to have face to face talks with the German chancellor. Meanwhile, he is trying to have personal talks with all heads of lending institutions and European top officials. European Commission Chief warns Europe of the risks of a Greek exit from euro zone EC President Jean-Claude Juncker reiterated on Sunday that a Greek default and a possible Grexit may damage the European common currency. “I don’t share the idea that we will have fewer worries and restraints if Greece gives up the euro,” Juncker said in an interview in Sueddeutsche Zeitung on Monday. The EC president told the newspaper paper that if a country were to withdraw from the euro, “it would fix the idea in heads that the euro is not irreversible.” Such an idea could discourage investors from investing in Europe altogether, he said. To stress his point, Juncker said that Japan’s prime minister made clear to him during his visit to Tokyo that Japan’s investment in Europe depended on having confidence in the euro. Juncker will meet with Merkel and Hollande in Berlin on Monday and they will discuss the Greek issue, even though Greece is not the official reason the meeting will be held.  

READ THE ORIGINAL POST AT greece.greekreporter.com

Greek Businessman Among 89 Blacklisted to Enter Russia

A Greek businessman is on the list of 89 businessmen who are blacklisted and forbidden to enter Russia. Theodoros Margellos, businessman and investment consultant, is on the list compiled by the Russian foreign ministry. The 89 “undesirable” individuals have no right to enter the country. European Union officials have reacted to the ban, which is considered a retaliation for the sanctions imposed on Russia for its crucial role in the Ukrainian crisis. Margellos had been conducting business in Ukraine, among other countries. Speaking to Kathimerini daily, the businessman said that he has no idea why he is banned from entering Russia. In the past, Margellos had been accused by then ANEL MP Panos Kammenos of purchasing Post Bank CDs at low prices having inside information that Greece would enter an International Monetary Fund bailout scheme. However, the First Instance Court of Athens had ruled the Kammenos allegations on the Cd transactions as false and slanderous.

READ THE ORIGINAL POST AT greece.greekreporter.com

Breaking the Resistance: How Brussels Is Integrating Its Euro-Skeptics

One year ago, more euro-skeptics got elected to the European Parliament than ever before, including a number of MEPs from Austria, Britain, France and Greece. They wanted to attack Europe from within, but instead the EU transformed them.

READ THE ORIGINAL POST AT www.spiegel.de

Choice of Panaritis 'collective decision and not just Varoufakis'

The choice of Elena Panaritis, as the country’s IMF representative, was made collectively,” , sources in the Greek government said. “The view that has been heard that Yanis Varoufakis appointed her does not correspond to reality,” ANA-MPA quotes a ...

READ THE ORIGINAL POST AT en.enikos.gr