Today’s emergency EuroZone meeting produces a new schedule of meetings but no actual negotiations on the Greek debut crisis
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Greek deal heads toward possible collapse but EuroZone economy shows faster growth
What looked yesterday like a deal to postpone the Greek debt crisis today seems to have blown up. But the euro is hanging tough today—as it has throughout the crisis–at $1.12 to the dollar. And the latest purchasing managers index (PMI) from Markit Economics shows EuroZone economies growing at the fastest pace in 49 months.
Will politics in Athens and Berlin kill a Greek debt deal?
Greek Prime Minister Alexis Tsipras is rushing back to Brussels on Wednesday to try to rescue a deal that that seemed today less likely than yesterday. And German Chancellor Angela Merkel is facing growing opposition to sending more money to Athens from within her own party.
Can Europe even kick the can on a Greek deal by the end of the week?
Hopes rose Monday that EuroZone leaders and Greek officials had reached agreement on a possible deal that would let Greece stay in the euro by kicking the can down the road. Greek savers, either pessimists or realists–pulled another 1.6 billion euros out of Greek banks
Monday looks like a decision day for Greece and the European Central Bank
Today the European Central Bank extended enough emergency liquidity assistance to Greece to get the country’s banks through today and Monday. The governors of the European Central Bank are scheduled to talk again on Monday to see if the bank will raise the cap again or decide that Greek banks are insolvent and revoke their lifeline
Greek endgame gets even more complicated–here’s how and when
The EuroGroup meeting of finance ministers has ended without a deal today, but there’s at least one more week of frantic meetings ahead that might yet pull a solution out of a hat. Look to Friday’s meeting between Greek Prime Minister Tsipras and Russian President Putin and Monday’s emergency summit of European leaders
Fed says still on track for a September rate increase but 2016 pace will be so gradual that markets will hardly notice (the Fed says)
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Is Grangst over Grexit keeping the euro up against the dollar? See what the Fed’s Yellen says today about Greece, if anything
One of the puzzles of the Greek debt crisis is why the euro has hung in so strongly even as the crisis threatens the currency’s future. One potential explanation is something that’s being called Grangst.
Greek Prime Minister goes after the IMF. Hard
Maybe the speech was part of an attempt to split the creditor group by attacking the IMF, which has been the most adamant of the creditors in demanding that Greece get specific about its plans for budget cuts and pension reforms. Maybe Prime Minister Tsipras thinks he can get the European Commission, marginally the creditor that seems to be most sympathetic with Greek demands, to broker a political deal without the IMF
They’ve stopped talking–at least to each other
Talks between Greece and its creditors collapsed in Brussels last night as Greek negotiators walked out after just 45 minutes. Creditor nations, and the International Monetary Fund, the European Commission, and the European Central Bank said that the newest Greek proposal was not a serious attempt to break the impasse.
Saturday Night Quarterback says, For the week ahead expect…
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