Tag Archive | "Euro"

Bundesbank’s Weidmann says euro zone debt in ‘danger zone,’ opposes more aid for Greece

Debt in the euro zone has entered the “danger zone,” the head of Germany’s Bundesbank said on Friday while opposing further aid for Greece in an interview with Focus magazine. Full News here – Latest News

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Fed’s Bullard: Grexit would be a Greek issue, not a euro issue

Were Greece to leave the euro zone, there would be little contagion and it would probably be manageable for the eurozone, Federal Reserve Full News here – Latest News

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Draghi cheerleads for economy as Greek risk looms over euro area

Mario Draghi can gauge this week whether his optimism in the economy is well-founded. Full News here – Latest News

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Germans tired of demands from Athens want Greece to leave euro

Berlin cabdriver Jens Mueller says he’s had it with the Greek government and he doesn’t want Germany to send any more of his tax money to be squandered in Athens. Full News here – Latest News

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Cyprus seeks distance from Greek euro drama

Doubts over Greece’s future membership of the euro are straining its historic kinship with Cyprus, as Nicosia distances itself from Athens to try to secure its foothold in the currency bloc. Full News here – Latest News

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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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