Bond rout resumes, Treasury volatility soars, as Greece dashes all of yesterday’s optimism
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 will make its next 750 million euro payment to its creditors tomorrow
Today, May 11, the Greek government is reporting that it will make a 750 million euro payment due to the International Monetary Fund tomorrow, May 12, by the deadline. That leaves Greece facing a terrifying payment schedule of another 1.5 billion euros to the IMF in June, 3 billion euros to the European Central Bank in July, and another 3 billion euros to the ECB in August.
Greece gets a few days of breathing room
Today, May 6, the European Central Bank threw Greece a very thin lifeline by extending an extra 2 billion euros in emergency liquidity to Greek banks
European bond markets finally start to worry about the Greek debt 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...Another week of crisis deadlines looms for Greece
I’ll excuse anyone who thinks this coming week won’t see the last act in the Greek debt crisis. But the country faces a daunting list of deadlines that could mark a final climax in the drama
Euro rises as EuroZone finance ministers descend to name calling at Riga meeting.
Since the Syriza government is faced with a very real possibility that it could be forced to hold new elections if gives ground at all on plans to increase the minimum wage and restore pension cuts, today’s browbeating of Greek Finance Minister Yanis Varoufakis by EuroZone finance ministers meeting in Riga seems counterproductive or at best pointless.
Forecasts for growth in German economy climb but confidence falls
Today the German government raised its projections for economic growth to 1.8% for 2015 and 2016. That’s an increase from earlier projections of 1.5% in 2015 and 1.6% in 2016
Greece buys time–but moves closer to an exit from the euro
On Monday the Syriza-led national government ordered local governments to move cash reserves to the national central bank. The measure gives the Greek government about 2 billion euros in new cash
Saturday Night Quarterback (on 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...Deflation specter continued to haunt EuroZone in March
The European Central Bank’s 1.1 trillion euro program of asset purchases, which began in March, hasn’t so far ended the EuroZone’s deflation worries
