Tag Archives: Greece

Merkel-Hollande Meeting Yields Greece Growth Signal

May 16, 2012

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German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro. Requests for measures to bolster growth will be “considered” and the European Union may also “approach Greece with proposals,” Merkel [...]

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Greece Euro-Exit Debate Goes Public

May 10, 2012

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From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro. “If Greece decides not to stay in the euro zone, we cannot force Greece,” German Finance Minister Wolfgang Schaeuble said at a conference sponsored by [...]

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European Stocks Fall Before Election Weekend, Jobs Data

May 4, 2012

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European stocks dropped as investors awaited the American payrolls report today and elections in France, Greece, Italy and Germany this weekend. U.S. index futures were little changed, while Asian shares fell. Royal DSM NA, the world’s largest maker of vitamins, declined 2.1 percent after Bank of America Corp. downgraded its recommendation for the stock. Rio [...]

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German Exports Unexpectedly Rose for Second Month in February

April 10, 2012

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German exports unexpectedly increased for a second month in February, led by demand from outside Europe. Exports, adjusted for work days and seasonal changes, rose 1.6 percent from January when they gained 3.4 percent, the Federal Statistics Office in Wiesbaden said today. Economists forecast a drop of 1.2 percent, according to the median of 10 [...]

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European Stocks, S&P 500 Futures Decline as Yen Rallies

March 29, 2012

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Stocks (SXXP) fell, U.S. index futures reversed earlier gains and the yen strengthened as earnings missed estimates and Standard & Poor’s said Greece may have to restructure its debt again. Spanish and Italian bonds dropped. The Stoxx Europe 600 Index (SXXP) lost 0.8 percent at 7:25 a.m. in New York. S&P 500 Index futures slipped [...]

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More investors sign up for Greek debt swap

March 7, 2012

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More private sector lenders have signed up to a Greek debt swap deal that may determine whether or not the country can remain in the euro. The banking group leading negotiations said that 39.3% of bondholders have agreed to swap their Greek government bonds for new debt. But 75% in total is needed for the [...]

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Finally, a Greek Deal: What Next for Markets?

February 21, 2012

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The second Greek bailout deal was finally clinched in the early hours of Tuesday morning. European markets and the euro were initially expected to rally after the market open – but a troika report leaked to the Financial Times could exacerbate fears in the market that Greece may not be able to hit its bailout [...]

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Europe Seals New Greek Bailout to Avert Default

February 21, 2012

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Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default in March after persuading private bondholders to take greater losses and Athens to commit to deep cuts. After 13 hours of talks, ministers finalised measures to cut Greece’s debt to 120.5 percent of gross domestic product [...]

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Euro Zone Seeks Central Banks’ Help in Greek Bailout

February 20, 2012

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Euro zone governments are looking to the European Central Bank and national central banks to help pare back the cost of a second rescue package for Greece which would otherwise amount to 170 billion euros ($224.2 billion). Figures seen by the Financial Times reveal Greece needs 136 billion euros in fresh bail-out funding from the [...]

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