Saturday Night Quarterback says, For the week ahead expect…
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...EuroZone finance ministers sign off on 7.2 billion euro- and four-month extension for Greece
In Europe EuroZone finance ministers approved Greece’s package of promises in a conference call and in the U.S. Fed chair Yellen signals more patience until first interest rate increase than expected
Saturday Night Quarterback says, For the week ahead expect…
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...Greece sent the “wrong” letter yesterday? Does that have to be true to get a compromise in the standoff between Greece and Germany? Maybe not. Reuters reporting draft accord
Today German newspaper Bild is reporting that Greek Finance Minister Yanis Varoufakis sent the wrong version of a letter outline Greece’s request for an extension of its bailout. The correct version, Bild is reporting, accepted bailout conditions agreed by the previous Greek government
With a Friday deadline looming, Germany says “No” to latest Greek proposal
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...The unappetizing details that will determine the outcome of the Greek debt crisis this time
It’s sausage time in the Greek debt crisis. We don’t really want to know how the sausage—in this case a deal or no deal to head off the pending Greek liquidity crisis—is made. But we’re at a point in this crisis where it’s all about the details of what gets stuffed in the casing.
Greek debt crisis? Financial markets yawn but Greeks pull money out of banks
European, and indeed global, financial markets continue to show 1) that they believe the Greek debt crisis will be settled this week or 2) that they don’t think the possibility of a Greek default and a Greek exit from the euro is any big deal. Greeks, however, continue to pull money out of the country’s banks
Greek debt talks collapse after 30 minutes
Talks between Greece and the EuroGroup finance ministers collapsed today. Creditors are demanding that Greece agree to extend its current bailout package with the existing austerity measures intact before they will resume talks with Greece about any new financing. The new Greece government has branded this requirement as “absurd” and “unacceptable” and has refused to use the bailout package and austerity budget cuts negotiated by the last government as a basis for talks.
Financial markets are optimistic today on Greek debt deal–frankly I can’t see why
European stock markets today decided to go with the optimists who think a Greek debt deal is likely. Stocks in Athens for example rose a big 5.61%. Looking at the fine print in yesterday’s decision by the European Central Bank to extend an additional 5 billion euros in loans to Greek banks, however, I’d have to side with the pessimists.
Big meeting on Greece and the euro starts tomorrow–I don’t expect any progress (and I’m still waiting for a better entry point on European stocks)
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 this (finally) the end of Greek membership in the euro?
Following a meeting with the German finance minister, the new Greek finance minister said that the two sides hadn’t even been able to agree on where they disagreed
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