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Greece bridles at Merkel referendum suggestion
2012-05-19 12:04:00 Greek political leaders reacted angrily on Saturday to a suggestion, attributed to German Chancellor Angela Merkel, that the country hold a referendum on euro membership alongside an election next month.
Europe thinks the unthinkable on Greece
2012-05-18 19:06:00 BRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities. German Finance Minister Wolfgang Schaeuble, one of Greece's harsher critics, said market turmoil fuelled by the euro zone debt crisis could last another year or two. "Regarding the crisis of confidence in the euro ... in 12 to 24 months we will see a calming of the financial markets," he said. ...
Greece Too Would Recover, But India Looks Bleak
2012-05-17 15:30:00 Part I of this article is here: No Wizard of Oz For Indian Economy. Here is the concluding part. Irrespective of uncertainties of Greece or Euro-zone, both would recover. However without capacity creation, India seems to be going nowhere. And that job of creating the huge shortfall of capacity increasingly gets difficult. Economic turmoils elsewhere, as ...
Greece gets caretaker PM until new vote in June
2012-05-17 03:14:00 A senior judge has been sworn in to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.
Home Affordability Getting A Springtime Boost From Greece
2012-05-15 14:45:00 Home affordability is receiving a boost from across the Atlantic Ocean this spring.
Greece races against time to form government
2012-05-15 12:30:00 Greece tries again on Tuesday to form a government, hoping a technocrat solution to disputes over a tough EU-IMF bailout deal will avoid new polls and keep it in the eurozone as time runs down fast.
Greece in final attempt to form emergency coalition
2012-05-13 04:52:00 Greece's president will meet political party chiefs Sunday in a final attempt to forge an emergency coalition, and avoid fresh polls, amid heightened fears of a eurozone exit following inconclusive elections.
Greece lurches towards new vote, hard left leads
2012-05-12 13:40:00 ATHENS (Reuters) - Greek politicians abandoned their quest to form a government on Saturday, leaving the president with one final opportunity to avert new elections that could drive the debt-choked country out of the European single currency. Greece's political landscape is in disarray after voters humiliated the only parties backing a rescue plan tied to spending cuts, leaving no bloc with sufficient seats to form a government to secure the next tranche of financial aid. ...
German Finance Minister eyes growth measures for Greece
2012-05-12 13:10:00 BERLIN (Reuters) - Germany is ready to consider additional measures to promote growth in Greece but the struggling economy must still carry out agreed reforms, German Finance Minister Wolfgang Schaeuble said in an interview with the Welt am Sonntag weekly on Saturday. "If the Greeks have an idea of what we could do, in addition, to promote growth, we can always talk and think about this," Schaeuble was quoted as saying. "But ultimately it is about making Greece competitive again, allowing the economy to grow and opening the path to the financial markets again. ...
FX Still Focused on Greece
2012-05-11 11:03:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY 0.12 CHF -0.13 … [visit site to read more]
By: Jutia Group
Spain?s Fiscal Armageddon Will Be Warning
2012-05-02 20:40:00 Mark this down — soon you will tune into the news and hear about “All Spain, all the time.” By this summer (and maybe sooner) Spain will be on everyone’s lips. You will wish you never heard of Spain. Spain …Read more »
By: 1913 Intel
Cyprus, Greece and Israel: a new alliance? ? Public Service Europe
2012-05-01 19:50:00 Pipelines and cables between the eastern Mediterranean and Europe could offer greater energy security than routes through Russia or Turkey, making relations between Cyprus, Greece and Israel increasingly important Is a new alignment in the making, bringing together Israel, Cyprus, …Read more »
By: 1913 Intel
S&P lowers Greece to ?Selective Default?
2012-02-28 09:53:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.16 CHF 0.14 GBP 0.12 JPY -0.01 Risk appetite firmed in the Asian session despite news that S&P downgraded Greece to ‘selective default’, from CC. The credit agency stated that it was the insertion of the CAC that lead to the swap strategy to be labeled a distressed debt restructuring. With the market generally expecting that the Greece debt swap would trigger a credit event, the logical flight to safety never occurred. In… Read More …
By: Jutia Group
Greece Debt Swap Begins
2012-02-24 14:03:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.03 CHF -0.01 GBP -0.08 JPY -0.67 Risk appetite generally increased in Asian session, as the Greek debt swap is scheduled to start today. Yesterday the Greek parliament agreed to the proposed debt swap law, which encapsulates the critical law for retroactive collective action clauses. Given the delicate nature today’s debt swap, traders will probably hold back until it’s confirmed that the process went smoothly. Finance Minister… Read More …
By: Jutia Group
EUR Remains under Pressure as Greece Concerns Persist
2012-02-23 09:00:00 Source: ForexYard EUR Remains under Pressure as Greece Concerns Persist The euro remained under pressure against the US dollar throughout yesterday's trading session, as investors remained cautious regarding Greece's financial situation. The EUR/USD spent much of the day range trading around the 1.3225 level after failing to break above key resistance lines the day before. Today, traders will want to pay attention to the weekly US Unemployment Claims figure. A better than expected result may result in the euro falling further against the greenback. Economic News USD – US Unemployment Claims May Generate Volatility Today The US dollar saw gains virtually across the board yesterday, as the combination of a number of international factors resulted in investors reverting . . . → Read More: EUR Remains under Pressure as Greece Concerns Persist
By: Jutia Group
Eurozone Finance Ministers Reach Greece Deal
2012-02-21 11:12:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.34 CHF 0.27 GBP 0.04 JPY -0.19 Risk firmed as the much anticipated Greek second bailout package was passed by the Eurogroup finance ministers. Dow Jones reported that financing on the deal would total 130bn euro and that Debt to GDP would wall to 121% by 2020. In addition, the news wires reported that private creditors would accept a deeper haircut, expected to be over 53%. On the news of the Eurogroup and PSI agreement,… Read More …
By: Jutia Group
Lessons from Greece...Who is Listening?
2012-02-18 17:50:00 The Greek economic tragedy has been grabbing headlines for the past several weeks. Driven by desperation, people are taking to the streets in protests, clashing with the police. While the current Prime Minister, Lucas Papademos, appears to be making sincere efforts to bring his country back on the rails, lets hope he receives ample support from his colleagues. It'd also be worthwhile to look at how Greece reached this condition.See these reports:In Greece, corruption pervades every corner of life -From the doctor who takes his consultation fee without declaring it, to the bar-owner who buys his stock cash, no questions asked," "It's just unthinking; the way it is" (http://www.guardian.co.u-k/world/blog/2011/oct/20/europe--breadline-corrution-pervades-c-orner)Papandreou accused of Greek Debt ‘Lifebelt’ FraudAndreas Papandreou Jr.'s (earlier Prime minister) luxurious life: http://www.henrymako-w.com/greece_is_ready_to_explod-e.htmlOne Scandal after ano...
Nigel Farage on Takeover of Greece by Globalists (video)
2012-02-16 14:14:00 What's really going on within the EU-Greece bailout (takeover) by global banksters? Allow Nigel Farage to explain his view as the world groans under the rebellious rays of Uranus square Pluto:
Feb 2012: Astrology of the Greek Riots
2012-02-14 17:51:00 Since blogging time is very limited for the next few weeks due to a re-location (and a new baby arriving!), I am pleased to provide a link to a fresh column by mundane astrologer Theodore White updating his work concerning the ongoing planetary Cardinal Crisis (2010 -- ) which the entire world now protests under. As you know, Athens, Greece (my hometown's sister city) has erupted in flames and riots due to the debt crisis takeover by global bankers and in Theodore's latest edition of Global Astrology he shares astrological details and insights into this difficult situation.
European Finance Ministers Reject Greece Proposal
2012-02-10 09:37:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY -0.18 CHF -0.27 EUR -0.38 GBP -0.40 After initial optimism that Greece’s political parties had finally reached an agreement on austerity measures yesterday, Eurogroup members subsequently rejected the proposals late in the evening, and demanded Greek Finance Minister Venizelos return to Athens to procure deeper cuts. It appears that EU policymakers are not yet willing to sign off on the deal until Greece shows a deeper commitment… Read More …
By: Jutia Group
FX Traders Bet On Imminent Resolution To Greece Talks
2012-02-09 09:52:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.17 CHF 0.16 GBP 0.07 JPY -0.24 Greece failed deliver on yet another deadline yesterday, leaving bailout talks and bond swap negotiations still without an official conclusion. However, markets appear to have given Greece the benefit of the doubt that discussions are entering their final stages, and that an announcement could be forthcoming after today?s Eurogroup meeting. Looking at the price action from the euro (now trading… Read More …
By: Jutia Group
Euro Benefits From Greece Optimism
2012-02-08 10:11:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.09 GBP 0.08 CHF -0.06 JPY -0.26 The euro has rallied strongly over the last 24 hours as speculation mounts that Greece is close to resolving some of the outstanding issues standing in the way of securing further bailout cash. Yesterday afternoon, a Greek government spokesman announced that political leaders had scheduled to meet today and respond to the latest troika proposals by noon; a development which seems to suggest a… Read More …
By: Jutia Group
Greece Worries Return To The Fore As Bond Swap Negotiations Drag On
2012-02-06 10:08:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY 0.02 GBP -0.23 CHF -0.40 EUR -0.49 Friday?s US employment data was extremely encouraging, with the headline non-farm payrolls coming in much stronger than expected at 243k (compared to consensus estimates looking for 140k), and the unemployment rate unexpectedly dropping to 8.3% from 8.5% prior. The release led to a short-term uptick in risk sentiment characterized by a decent rally in USDJPY above 76.70 levels, but that good news… Read More …
By: Jutia Group
Still No Word On Greece Talks, Non-Farm Payrolls Loom
2012-02-03 09:33:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD GBP 0.08 JPY -0.05 EUR -0.11 CHF -0.12 Yet another day goes by without a resolution to the Greek bond swap talks; meaning we are still sat with a major hurdle preventing risk appetite from accumulating or EURUSD from making further upside progress. Yesterday, the EU’s Rehn said he expects an agreement between Greece and its private sector creditors by end of this week; a comment which is only likely to increase the potential for… Read More . . . → Read More: Still No Word On Greece Talks, Non-Farm Payrolls Loom
By: Jutia Group
Risk Sentiment Recovers But Greece Concerns Still Lurk Below Surface
2012-02-02 09:59:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY 0.16 EUR 0.03 GBP -0.01 CHF -0.10 Risk appetite has consolidated overnight, with Asian equity markets following European and US markets higher. The Nikkei is up +0.8%, Hang Seng +1.6% and Shanghai Composite + 2.0 %, while EURUSD has managed to remain above 1.3150 for most of the session. Contributing to this uptick in sentiment is undoubtedly the easing of stress in European bond markets, as well as the largely encouraging… Read More …
By: Jutia Group
Is Greece Reaching Its Austerity Exhaustion Point?
2012-02-01 21:00:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD JPY 0.16 EUR -0.20 GBP -0.20 CHF -0.26 The risk rally has juddered to a halt overnight, in spite of China?s manufacturing PMI coming out at a better than expected 50.5 (consensus 49.6, prior 50.3). The main beneficiary of the news in the currency space was AUD which enjoyed a temporary uptick, but overall the trend has been a renewed demand for dollars and loss of appetite for risk currencies. EURUSD started to lose upside momentum… Read More . . . → Read More: Is Greece Reaching Its Austerity Exhaustion Point?
By: Jutia Group
New Zealand CPI Drops, Greece Talks Continue
2012-01-19 09:30:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.05 CHF 0.02 JPY -0.02 GBP -0.03 It?s been a busy Asian session today, with a number of economic releases out of New Zealand, Australia and Japan. In New Zealand, Q4 CPI came out much lower than expected at -0.3% QoQ, 1.8% YoY, compared to expectations of 0.4% QoQ, 2.6% YoY. This sent NZDUSD tumbling 50 pips lower immediately following the release, and the pair has continued to drift downwards as the session has progressed ?… Read More . . . → Read More: New Zealand CPI Drops, Greece Talks Continue
By: Jutia Group
Eurozone is closer to break-up, warns Standard Chartered?s Peter Sands
2012-01-01 21:43:00 The chief executive of Standard Chartered has warned that there is an increasing likelihood of a country falling out of the eurozone because of the inability of politicians to resolve the crisis. … “We enter 2012 with a very difficult outlook for the eurozone [and] with an increasing possibility of countries actually leaving the eurozone. ...
By: 1913 Intel
TechnoTourist's Photo Album - Italy, Greece, Turkey
2011-12-23 15:09:00 Did you enjoy the TechnoTourist series about places in Italy, Greece, and Turkey? Only a few photos were posted for each blog entry. If you'd like to see more you can visit CR4 on Facebook. The album also includes photos of places not mentioned in the blog entries! Here's a link to the album: http:
Monti Drives Stake in Euro?s Heart ? Sends Italy Down Greece-Paved Road!
2011-12-12 18:14:00 As I watched the ECB news conference on Thursday, I kept wondering how the ECB president, Mario Draghi, could have so completely rejected the idea that the ECB will get into the “periphery bond buyer of last resort” business. Why is this important? Because many believe it will be impossible for the euro to succeed unless the ECB steps in the breach with a massive quantitative easing program for the euro zone’s periphery countries. After announcing a quarter of a point rate cut on Thursday, and explaining the ECB would accept lesser quality collateral from euro-zone banks and take up steps to increase liquidity in the system, Drahgi started taking questions from reporters. Gone was the . . . → Read More: Monti Drives Stake in Euro?s Heart ? Sends Italy Down Greece-Paved Road!
By: Jutia Group
Serifos, Greece
2011-11-26 13:00:00 Serifos Greece from ilias Tsivgoulis.--------- Join Travel Blog Success today and learn to build a better travel blog. Membership includes 27 tutorials, 12 expert audio interviews, private support forum, and much more.
By: GoBackpacking
Greece: High Flying Drachma
2011-11-22 15:33:00 The worst-case scenario for Greece, should it be unable to secure further bailouts, might be that it would have to live within its means. Presently, spending only the money coming in is considered unbearably brutal. If Greece could only leave the euro, it could install its own printing press, inflating its sorrows away. Any economist will object: it’s complicated. But it isn’t: Greece could introduce a high-flying New Drachma, quite literally. First, please note that any country may default on its debt. The trouble is that the day after a default it might be difficult or impossible to obtain a loan at palatable terms. As such, any country considering a default must conduct a risk / . . . → Read More: Greece: High Flying Drachma
By: Jutia Group
TechnoTourist Visits Greece: Santorini
2011-11-22 06:00:00 Santorini, officially known as Thira, is a Greek island. It's also rumored to be the source of the legend of Atlantis. Its caldera formation of a central lagoon surrounded by high cliffs on three sides is the result of a volcanic eruption that occurred 3,600 years ago. The eruption was one of t
Global Economy At The Mercy Of Tiny Greece?
2011-11-16 19:26:00 Its economy is 32nd in size globally, with annual GDP of only $0.3 trillion, compared to $63 trillion for the world as a whole It’s incredible when you think about it. Greece is one of the smallest countries and economies in the world. Its population is 11 million people out of the 492 million in the combined European Union countries, and compared to 312 million in the U.S., 1.3 billion in China, 1.2 billion in India. Its economy is 32nd in size globally, with annual GDP of only $0.3 trillion, compared to $63 trillion for the world as a whole, $16.2 trillion for the combined European Union countries, $14.5 trillion for the U.S., $6 trillion for . . . → Read More: Global Economy At The Mercy Of Tiny Greece?
By: Jutia Group
Techno Tourist Visits Greece: The Parthenon
2011-11-14 06:00:00 Steep hills offered a city protection from its attackers in ancient times. One term for this safety feature is an "acropolis" and Athens, Greece is home to the acropolis and the Parthenon, the building on top. Restoration was being completed on the Parthenon when I visited it, and I viewed the a
Greece Concerns Replaced By Italy Fears
2011-11-08 18:00:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.35 GBP 0.19 EUR 0.05 JPY -0.07 The market finally appears to have distracted itself from issues in Greece after a week spent fretting about referendums, confidence votes and political instability in a nation that can ill-afford to waste any time complying with the Troika?s austerity demands. Nevertheless, while investors appear to have adopted a wait-and-see approach to Greece, renewed focus and scrutiny has now fallen on… Read More …
By: Jutia Group
Greece?s Brinkmanship With Troika Undermines Market Confidence
2011-11-03 09:47:00 Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 0.40 JPY -0.06 GBP -0.34 EUR -0.59 Markets remain in a wary state of risk aversion today as Greece?s brinkmanship with the troika rattles the confidence of global investors and policymakers alike. PM Papandreou?s intention to hold a referendum on the latest austerity demands is seen by many as a ploy to renegotiate better terms on the latest Eurozone rescue package, a strategy that is both daring and incredibly risky given the… Read More …
By: Jutia Group
So what will happen with Greece in the end?
2011-10-20 10:47:00 The basic problem that Greece seems to have is that it has never really properly adjusted from the days when it could devalue the Dracma every couple of years. In such an environment, you don’t really need to worry too much about creating a real economy as you can always pull in more tourists by ... Related posts:Consolidating your business debts Getting a new credit card during the credit crunch Will the euro survive the recession? Some good signs on the financial front Is working from home really viable these days?
Greece: Riots as austerity steps get 1st approval
2011-10-19 23:05:00 Greece: Riots as austerity steps get 1st approval ATHENS, Greece (AP) – Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that won initial … Continue reading →
By: TexasFred's
Vinnie Moore, Theodore Ziras: Greece clinic date announced
2011-10-12 21:49:00 Hi my friends! Cool news here! Great guitarist Vinnie Moore will be in Greece on 27/11/11! We are very happy that Theodore K Group (TKG) will open this fantastic show along with Theodore Ziras! The Event organized by Evolution TV Show and will take place at Kyttaro Live! Tickets presale: ticketarena.gr Praxis Conservatory: Veikou 33, Koukaki Guitar Store and Drum Store : Soultani 16 Exarhia Fakanas Art Music School: Poseidonos 3, Mosxato, N. Faliro <
Back to Barter
2011-10-07 22:54:00 Reverting to a barter system in Greece? and Florida. Plus... Forget the usual unemployment numbers today: This one just reached a postwar high.
Market News: Deutsche Bank, UBS, Google TV, Greece, AMR Crash Alert, IPO Ma
2011-10-04 17:29:00 Melancholy start to Q4. Greece's admission that it will miss its budget-deficit targets roiled markets Monday as stocks kicked off Q4 on a sour note, with the S&P falling 2.85% to a 13-month low of 1,099.23, led by weakness in bank stocks. Morgan Stanley (MS) fell 7.6% and Bank of America (BAC) dived 9.6% as traders worried about counterparty risk if Europe continues to deteriorate. Futures are near session lows at 7:00, with benchmark S&P -0.8% to 1078, reflecting broader losses across Europe.Europe double-dip? S&P dropped its 2012 outlook for Europe growth - for the second time in five weeks - to 1.1% from 1.5%, and now pegs the risk of a double-dip recession at 40%. Recent data "point to a fresh deterioration in the business climate," S&P said, not only in debt-strapped countries, "but also in the core countries of the eurozone and in the U.K." In a report today, Goldman said it now expects the eurozone to sink into a mild recession in Q4.Deutsche Bank scraps pro...
By: Rant About It
A Premature Panic?
2011-09-12 22:55:00 Greek default was always a threat -- but suddenly the market recognizes it. Plus... Short term: Cofnas sees ?overreaction.? Longer term: Amoss paints a post-default scenario.
U.S. Three Years From Greece
2011-08-03 21:54:00 Countdown to Greece.... David Walker with a chart that pinpoints the painful "crossover point". Plus... Two rating agencies punt, a third dithers, while China et.al. prepare for "the real downgrade"...
Accelerating the Dollar?s Demise
2011-06-28 20:23:00 Central bankers give dollar the gimlet eye, look longingly toward gold. Plus... New warnings about the threat Greece poses to the "safest" place to put your money.
Praying for a Miracle
2011-06-24 23:01:00 Divine intercession to resolve human folly? City holds prayer vigil to avert municipal bankruptcy. Plus... Paying for government pensions ad infinitum: Five best and worst states for taxpayers.
Blame the Full Moon?
2011-06-16 21:30:00 Is it Greece, a rotten economy or a full moon fooling with the markets? The precedents of the "Puetz window." Plus... False alarm: Our financial crisis warning, picked up by two unlikely sources...
Where?s the Outrage?
2011-06-15 21:45:00 Where's the outrage? Greece erupts anew, while Bernanke & Co. draw a crowd you can count on one hand... Plus... Vancouver iconoclast Doug Casey going mainstream? Reveals to Yahoo Finance the asset class (other than gold) he likes the most... |
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