Tag Archive | "Euro"

Dani Rodrik explains why a Greek euro exit isn’t a solution for anyone

Turkish economist Dani Rodrik, formerly a professor at Harvard and currently an Albert O. Hirschman professor of social sciences at the Institute for Advanced Study in Princeton, New Jersey, has coined the phrase “the inescapable trilemma of the world economy.” Full News here – Latest News

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Ten days that shook the euro; how Greece came to the brink

Germany’s Wolfgang Schaeuble, the «immovable object» in the words of one economist, stopped Greece’s charismatic new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout programme on Friday on terms its government was just elected to get out of. Full News here – Latest News

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Greek bailout deal faces review by euro officials next week

Euro-area finance ministers reached a provisional deal intended to keep aid flowing to Greece in return for a commitment to budget targets, buying time to work out the detail of longer-term Greek financing. Full News here – Latest News

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Investors still don’t think Greece will exit euro

As Greece heads toward 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal. Full News here – Latest News

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Greek euro exit risk increases with EU ultimatum on support

Greece edged closer to a euro exit after the currency region’s finance ministers said there will be no more talks on financial support unless the Greek government requests an extension of its existing bailout program. Full News here – Latest News

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Athens doles out 10 bln euro emergency funding

Athens doles out 10 bln euro emergency funding Greek government officials say the ECB's move pressures all parties and Athens would not give in to challenges to alter its policies. The government also said that the move is a political one to clinch an immediate deal. The Greek central bank said the … Full News […]

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1/31/2015: Front Page: Decline in the euro rate has local exporters eyeing growth in 2015

A decline in the exchange rate of the euro against the US dollar, as well as other major currencies, is key if Greek enterprises, and their eurozone counterparts, are to regain a significant part of their competitiveness, according to a study by credit… Full News here – Kathimerini English

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1/27/2015: Front Page: Euro slide fuels hope of tourism growth

professionals are pinning their hopes for a further increase in the incoming flow of visitors to Greece this year on the decline of the exchange rate of the euro after seeing bookings from Britain and the US continue to grow throughout the election… Full News here – Kathimerini English

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1/24/2015: Front Page: Euro and Greek yields in decline

The euro sank to an 11-year low yesterday, after the European Central Bank unveiled a quantitative easing program valued at 1.14 trillion euros on Thursday and pledged to spend until there’s a “sustained adjustment” in inflation. The euro’s drop was… Full News here – Kathimerini English

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EBRD says Grexit unlikely, would undermine stable euro model

A Greek exit from the eurozone — or Grexit — would undermine the model of euro stability, a senior European Bank for Reconstruction and Development (EBRD) official said on Tuesday, but the EBRD does not expect it to happen. “Grexit is not the EBRD’s bas… … Full News here – Latest News

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1/16/2015: Front Page: Clashing certainties over the euro

The words and actions of most of the protagonists have clouded the central question of what is at stake in next Sunday’s national election: Is Greece’s membership of the eurozone guaranteed under any circumstances? If there is no risk, then we can go… Full News here – Kathimerini English

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Greece could exit the euro by accident, warns FinMin

Greece could stumble out of the euro by accident if a new government fails to reach an agreement with international creditors soon after this month’s election, Finance Minister Gikas Hardouvelis said. The main challenge facing whichever government emerges… … Full News here – Latest News

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Euro staggers in wobbly start for 2015, ECB and Greece in focus

The euro wallowed near a nine-year trough early on Tuesday, keeping up a wobbly start to 2015 as the prospect of more policy easing from the European Central Bank grew ever stronger. The common currency last traded at $ 1.1948 after dipping into the $ 1.186… … Full News here – Latest News

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Euro wobbles ahead of Athens vote, Greek shares tumble

Euro wobbles ahead of Athens vote, Greek shares tumble Syriza is set on writing off much of Greece's debt and reversing years of austerity just as the economy returns to growth, a stance that could see Athens shut out of the markets. “It really feels too close to call now,” said UniCredit interest rate … […]

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What SYRIZA says about Greece’s economy, its debt and the euro

Led by Alexis Tsipras, Syriza is Greece’s biggest opposition party and has pledged to annul the country’s bailout agreement should it take power. An acronym for Coalition of the Radical Left, Syriza vows to renegotiate repayment terms on loans from euro m… … Full News here – Latest News

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