Greece, which owes €324 billion to the International Monetary Fund, the European Central Bank, and euro zone governments, faces a relentless debt payment schedule over the next few months. As Bloomberg reports, little money has been coming into the country, however, and talks over the release of bailout funds are progressing slowly. Show More Summary
Positive finish for Europeans stocks after US dollar, data and Greece provide rocky ride.
Mercenary Links April 24th: Eurozone Ministers at “Boiling Point” over Greece… why $65 crude would unleash the “Fracklog”… why the flash crash spoofer lived with his parents… trouble with drone strikes, edited human embryo genes, and more. Show More Summary
Greece’s desperate bid to fund debt repayments by clamping down on tax evaders is doomed to fail, according to analysts. Leonidas Bobolas, the head of Greece’s largest construction firm was arrested on Wednesday and not released until...Show More Summary
1. Russ Roberts interviews David Skarbek on prison gangs. 2. Who caused the flash crash? 3. More Daniel Davies on Greece. 4. What happens to people when they think they are invisible? 5. AIG in hindsight. 6. “In fact, though the parents may not realise it, many interviewers watch the parents more closely than the […]
Bank of America Merrill Lynch analysts published a note titled "Grexhaustion" earlier today — and for financial journalists, analysts and investors, it certainly feels that way. Greece has now been rolling from crisis to crisis for several...Show More Summary
A political approach to Russia's economic proposal to invest in a gas pipeline running through Greece may prevent Athens from pursuing its own economic interests, a Greek expert told Sputnik on Friday.
Modest privatisation away as embattled nation tries to woo creditors.
Flash crash trader: it was reflexes; EU chiefs describe Greece's Varoufakis as a total amateur; Nasdaq riding high; Don't buy condoms on Groupon; and more.
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, This is an open letter I received from a group of 57 Greek intellectuals, addressed to the EU and America, concerning the waves of refugees (migrants, immigrants) that ‘wash ashore’ on Greek territory in increasing numbers. Show More Summary
Dear German tourists: please be wary of blowback in Athens today, following the Troika, pardon Institutions' comments saying they are being "pushed toward hostility on Greece." Source: @Gath___
Greek finance minister Yanis Varoufakis says his country is now willing to make "big compromises" as the Eurogroup meeting in Riga draws to a close. That's according to Bloomberg. Just over a week ago Varoufakis was saying he was very...Show More Summary
Asian indexes were mixed and Europe's mostly higher on Friday, as Nasdaq's record close gave investors some relief
Greek leaders and European finance minsters meeting in Latvia in hopes of hammering out new bailout deal
Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. After...Show More Summary
Even though no rational person expected that the Greek situation would be resolved at today's talks in Riga, Latvia, apparently the algos were so caught up in spoofing each other to new record highs that futures, after surging once more...Show More Summary
The president of the European Central Bank said Friday that time was running short in talks on Greece's bailout and warned that the uncertainty was hurting the country’s banks.
Greek finance minister Yanis Varoufakis was today accused of being a "time-waster, a gambler, and an amateur" by a Eurogroup participant at a crucial meeting on Greece's reform proposals taking place in the Latvian capital, Riga. The...Show More Summary
Greek Prime Minister Alexis Tsipras’s appeal to German leader Angela Merkel angered certain EU finance ministers. ||| Riga - Euro-area finance ministers voiced their frustration with Greece after Prime Minister Alexis Tsipras tried to bypass their veto on financial aid with an appeal to Angela Merkel. Show More Summary
Eurogroup chiefs are meeting in Riga, where Greece and it's money, or lack of it, is top of the agenda. "There is a great sense of urgency for all of us," said Eurogroup chief and Dutch finance minister Jeroen Dijsselbloem.