EMerging Equity
bailout
Greece: Tsipras Ready To Accept Most Bailout Terms
Greek Prime Minister Alexis Tsipras is ready to accept almost all the conditions proposed by the country’s international creditors at the weekend, marking the latest attempt to keep Greece in the eurozone. The prime minister said he would accept all of the terms proposed with just minor exceptions. He agreed to the changes in the … Continue reading
Crisis In Athens Enters New Chapter As Greece Becomes First Developed Nation To Default On Debt
Greece has become the first developed nation to default of its international debt obligations as the International Monetary Fund (IMF) confirmed on Tuesday night that it did not receive the €1.55 billion ($1.73 billion) payment from Athens that was due by the end of June 30, Brussels time. The Crisis in Greece has entered a new chapter … Continue reading
We Are All Greeks! Europe Only Has a Future With the New Silk Road
Originally posted on wchildblog:
Source: LaRouche PAC, by Helga Zepp-LaRouche It’s not Greece which has failed, but rather Chancellor Merkel, Finance Minister Schäuble, the EU Commission, the European Central Bank, and the IMF. Why should the Greek government stick with the austerity measures demanded by the EU, which have already reduced the Greek economy by…
To Grexit Or Not To Grexit
Today, the Greek government has asked for a new bailout program from the European Stability Mechanism (ESM), that’ll cover all the country’s financial needs for the next two years, Bloomberg reported referring to a government statement. Over the weekend Greece’s Prime Minister Alexis Tsipras announced a referendum for July 5, when Greeks would vote whether … Continue reading
Greece Asks For New 2Y Bailout Program
The Greek government has asked for a new bailout program from the European Stability Mechanism (ESM), that’ll cover all the country’s financial needs for the next two years, Bloomberg reports referring to a government statement. The Greek government has asked for a new bailout program from the European Stability Mechanism (ESM), that’ll cover all the … Continue reading
What If A Greek-Style Crisis Were To Hit The U.S.?
By Michael Snyder In this article, I am going to share with you some statistics that prove that most Americans are completely and totally unprepared for a Greek-style economic crisis. According to one recent survey, an all-time high 72 percent of all Americans are concerned about an economic downturn, and yet the amount of actual … Continue reading
Jim Rogers: Greece Should Go Ahead And Go Bankrupt, Get It Over With, And Start Over
Though there is a lot of noise concerning the Greek crisis and the Greek economy is likely going to collapse this week, three months from now no one will remember Greece going bankrupt, financial commentator Jim Rogers told RT. RT: In Athens crowds have rallied calling for people to vote ‘no’ in the upcoming referendum … Continue reading
Dow Plunges 350 Points As Possible Greek Default Looms
Originally posted on TIME:
The uncertainty surrounding Greece’s ongoing debt crisis choked global markets on Monday, extending recent losses for the world’s stock exchanges. The Dow Jones Industrial Average closed the day down 350 points, or 2%. The S&P 500 dropped 2.1%, ending the day at 2,058 points. Meanwhile, the tech-heavy Nasdaq composite was hit…
Greece May Be Lowered To Same Status As Botswana Or Zimbabwe MSCI Says
MSCI downgraded Greece to emerging market in November 2013. Now, the country’s stock market is in great danger of losing even that status. Athens’ standoff with the European Union (EU) and the International Monetary Fund (IMF) heads to a dangerous and uncharted new level following a July 5 referendum that was called by Prime Minister Alexis Tsipras on whether … Continue reading
Greece Is Keeping Chinese Stocks From Rebounding
Originally posted on Fortune:
Uncertainty over Greece’s debt crisis battered global stocks on Monday morning, as the troubled country dealt with bank closures and placed limits on ATM withdrawals. The global sell-off was particularly poorly timed for the Chinese stock market, which retreated into a bear market early Monday after the country’s central bank cut…
