EMerging Equity
Debt Default
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
The Next Great European Financial Crisis Has Begun
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance that a debt deal is going to happen by the end of June. So that means … Continue reading
Greece: The Day Is Coming And Someone May Say The Game Is Over
“International Monetary Fund representatives have cut short negotiations with Greek officials in Brussels, after they failed to present a viable reform plan. The move has left Athens, due to repay €1.6 billion by the end June, on the edge of default,” RT reports. “The ball is very much in Greece’s court,” IMF spokesman Gerry Rice … Continue reading
S&P Downgrades Greece, Warns Of Default If No Deal With Creditors
Standard & Poor’s has lowered Greece’s sovereign rating one notch further into junk territory, saying the country will likely default within the next 12 months if it doesn’t agree with its creditors over the €7.2 billion installment. S&P downgraded the rating to “CCC” from “CCC+” – a highly speculative rating on S&P’s scale – saying … Continue reading
Greece Rejects Bailout Deal – Deadline To Avoid Financial Chaos In Europe Is March 1st – OpEd
Europe is on the verge of a horrifying financial meltdown, and there are only a few short weeks left to avert total disaster. By Michael Snyder On Monday, talks that were supposed to bring about yet another temporary “resolution” to the Greek debt crisis completely fell apart. The new Greek government has entirely rejected the … Continue reading
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