IMF walks on talks; S&P downgrades Greece to CCC
Today, the International Monetary Fund walked away from negotiations with Greece. Yesterday, Standard & Poor’s cut its credit rating on Greece to CCC just two notches above default.
Optimism returns, I’m not sure why, in the Greek debt crisis
European stocks—and the euro—were up strongly today on a belief that the German Chancellor has blinked in the showdown between Greece and its creditors
Saturday Night Quarterback (on a Sunday) 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...Constructive chaos in the Greek debt crisis?
Despite the chaos I’m more optimistic on a deal to release the 7.2 billion euro extension. I just hope that everybody realizes that projections say Greece will need 30 billion euros more by September
Greek crisis talks end for the day on June 3 with two big issues still unresolved
There’s been some progress on taxes. But there’s been almost no movement on pensions with creditors—the International Monetary Fund, the European Commission, and the European Central Bank—holding to their position that the system isn’t sustainable without cuts to benefits.
No more negotiations? Greece and its creditors seem determined to force a game of chicken
There’s certainly no negotiating going on in the Greek debt crisis. Greece submitted its final proposal last night—before seeing a proposal from its creditors. Those creditors submitted their own proposal this afternoon.
Time to take a new look at EuroZone stocks–Part 1 Why?
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...Financial markets read the fine print on what constitutes a Greek default
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...Suddenly the financial markets are saying a Greek exit from the euro is a big deal
After weeks of complacency—a deal will be negotiated!—the market is suddenly alive to the possibility that it won’t. The Greek government continues to refuse to surrender on what it calls its “red line” issues
Show me the euros! Greek government continues to claim the progress is being made on a debt deal. No one else sees it, though
Today the International Monetary Fund, one of the sources of any cash for Greece, explicitly put the kibosh on any quick and dirty deal. It’s work out all the details or no cash, the IMF said. And European leaders made it clear that they would not go ahead with any cash for Greece without the IMF
European Central Bank buys a few more days for Greek deal
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...Cash flight from Greek banks accelerates after Greek government promises never to touch Greeks’ bank accounts
The flight of cash from Greek banks may do what European politicians and the Greek government have been unwilling or unable to do: And that’s to say, Enough. It’s over.
