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Germany Made €100 Billion Profit On Greek Crisis According To The Study From Leibniz Institute Of Economic Research
“Germany, which has taken a tough line on Greece, has profited from the country’s crisis to the tune of 100 billion euros ($109 billion), according to a new study,” published on Monday, AFP reports. Each time investors got bad news about Greece, they rushed to the ‘safe haven’ of Germany, with the interest rates on … Continue reading
Greek Crisis: Why The Athens Stock Exchange Plunged On Reopening The 3rd Of August
After five weeks of closure, the Athens Stock Exchange reopened on Monday and immediately the trend went sharply down. Investors do not believe that a recovery of the Greek economy could occur soon. Greece’s stock market reopened after five weeks to the most savage wave of selling in decades, underlining a crisis that’s crippled the … Continue reading
Death By Debt: Yanis Varoufakis Response To The German Finance Ministry, By Jeffrey Sachs
Dr. Ludger Schuknecht, senior economist at the Germany Finance Ministry, explains his ministry’s viewpoint regarding Greece. This viewpoint essentially holds that Eurozone countries should live within their means; adjust to their debt burdens; and take their reform medicine as needed. If they do so, they will be successful, as illustrated by Ireland, Spain, and Portugal. Greece … Continue reading
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the higher the level of fear. Last Monday, the index was sitting at a reading of 36. As I … Continue reading
The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week
Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what is happening. By Michael Snyder Last week, the Dow Jones Industrial Average fell by more than 530 points. It … Continue reading
EU Launches €315 Billion Investment Fund To Revive Europe’s Economy
The European Commission has set up a €315 billion European Fund for Strategic Investments, in which it hopes will revive growth and boost employment across Europe. According to European Commission estimates, taken as a whole, the proposed measures could add €330 – €410 billion to EU GDP and create up to 1.3 million new jobs … Continue reading
Behind Germany’s Refusal To Grant Greece Debt Relief – Op-Ed In The Guardian
Originally posted on Yanis Varoufakis:
Tomorrow’s EU Summit will seal Greece’s fate in the Eurozone. As these lines are being written, Euclid Tsakalotos, my great friend, comrade and successor as Greece’s Finance Ministry is heading for a Eurogroup meeting that will determine whether a last ditch agreement between Greece and our creditors is reached and whether…
European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday
The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on Sunday will make a final decision on what to do. The summit on Sunday is being … Continue reading
5 Ways Greece Can Work Off Its Massive Debt Load
Originally posted on Global News:
FRANKFURT – As things stand now, Greece can’t pay its debts. That’s what more and more people – including now the International Monetary Fund and even, it seems, Germany’s finance minister – are saying. So what to do? Greece’s creditors have indicated they could agree under certain conditions to ease the…
China Overtakes Greece As The Biggest Threat To Global Markets
Originally posted on Financial Post:
It is hard to imagine anything could overshadow a looming Greek exit from the eurozone, but leave it to China to do it. Analysts and economists everywhere Wednesday morning are now pointing to the ongoing crash of Chinese stocks as a huge new threat to global stock markets. “The growing…
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