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Greece, Creditors Still Far Away From Debt Agreement – Economist

Dimitris Vayanos, head of the financial department at the London School of Economics, thinks an agreement on Greece's debt is unlikely in the short term. The Greek government needs to make significant concessions to creditors to reach the deal, he added.

Speakers Gather at Emergency Economic Summit in Athens as Greece Reaches Moment of Truth

yesterdayNews : Vice News

Greece had to empty out an emergency bank account in order to pay its last IMF debt repayment. Now there really is no money left, but millions more euros have to be paid within weeks.

Greece To Tax Bank Transactions, Says IMF "Won't Get Any Money" On June 5

On Monday we got still more bad news for Greece. Around one-third of Angela Merkel’s Christian Democratic bloc opposes further aid for Athens meaning the Chancellor faces an uphill battle in convincing German lawmakers to keep Greece on life support. Show More Summary

EU Sanctions Critics Welcome to Russia's Food Market - Official

Firms from Cyprus, Greece, and Hungary - the leading critics of EU sanctions - will be first in line to restart food exports if relations improve, a senior Russian official said on Tuesday.

Frontrunning: May 20

Clinton aides sometimes blocked release of documents requested under public-records law (WSJ) House Benghazi panel subpoenas former Clinton White House aide (Reuters) Cash Crunch, for Many, Is a Monthly Woe (WSJ) Doubts over Greece add...Show More Summary

Futures Flat With Greece In Spotlight; UBS Reveals Rigging Settlement; Inventory Surge Grows Japan GDP

The only remarkable macroeconomic news overnight was out of Japan where we got the Q1 GDP print of 2.4% coming in well above consensus of 1.6%, and higher than the 1.1% in Q4. Did it not snow in Japan this winter? Does Japan alreadyShow More Summary

Opening Bell: 5.20.15

Merkel puts Greece on notice; Icahn could make $5 billion on Apple; St. Louis Fed hacked; Pornography being thrown on CT lawns; and more.

10 things you need to know before the opening bell (DIA, SPY, SPX, QQQ, CSC, TWC, ETSY, LOW)

Here is what you need to know. Greece says it will miss its next IMF payment without a new bailout. Reuters reports Parliamentary speaker and Syriza politician Nikos Filis announced on TV, "If there is no deal by then [June 5] that will...Show More Summary

EU says Europe's bathing waters have become cleaner

BRUSSELS (Reuters) - Europe's inland and coastal waters have become cleaner and nations such as heavily-indebted Greece and Cyprus boast some of the most pristine bathing spots, according to this year's EU report on water quality, published on Wednesday.

The Greek government just admitted it won't make the next IMF payment without a bailout deal

It looks like the Greek government will miss its next big payment to the International Monetary Fund (IMF) without a bailout deal — a move that would push Greece into technical default. Greece is due to make a €305 million ($339.07 million,...Show More Summary

Athens official warns on IMF payment

Greece won’t be able to make a payment to the IMF due on June 5 without a deal with its international lenders, according to a lawmaker. ||| Athens - Greece will not be able to make a payment to the International Monetary Fund that falls...Show More Summary

Greek Deception, Greek Tragedy, German Farce, German Myth

It is more than two Millennia since Greece was the pinnacle of Western Civilisation. Today, it is berated as a backward, corrupt and unloved appendage to Europe—its appendix, so to speak. But Greece was once the brain and soul of Europe, and its legacy is still alive today. Rome was [...]

Lagarde sees progress in Greece talks

IMF boss Christine Lagarde has expressed hope for a resolution in negotiations with Athens. ||| London - The head of the International Monetary Fund, Christine Lagarde, became the latest participant in the gruelling Greek economic stand-off to sound an optimistic note on Tuesday about the prospects of a resolution. Show More Summary

Are They About To Confiscate Money From Bank Accounts In Greece Just Like They Did In Cyprus?

Submitted by Michael Snyder via The Economic Collapse blog, Do you remember what happened when Cyprus decided to defy the EU? In the end, the entire banking system of the nation collapsed and money was confiscated from private bank accounts. Show More Summary

Jet Airways-TAP Portugal $668 Newark EWR to Lisbon and Porto Sep-Oct

Jet Airways Newark EWR service to Brussels has been pulling up some low fares lately to places in Europe like last week’s Jet Airways-Brussels Newark to Athens, Greece $749 September departures. This ticket is a Jet Airways segment combined...Show More Summary

Fiscal pressure is set to force the Greek PM’s hand

If Greece's creditors maintain their hardline stance, the Greek Prime Minister will have to choose between his party’s legitimacy and the country’s economic stability.

European leaders rejected the Greek budget yet again

Greece and its creditors haven't moved beyond a stalemate. After another round of negotiations Tuesday between Greece and the troika (the ECB, the European Commission, and the IMF). Greece presented a new revised budget, and its creditors said thanks but no thanks. Show More Summary

Today's Headlines

Bloomberg: Greece, Creditors Said to Disagree on Proposals For Sales Tax. Greece’s proposed tax overhaul isn’t passing muster with the nation’s creditors because it wouldn’t do enough to help the country’s budget, people familiar with the matter said. Show More Summary

Greece Loses $24Mln in GDP Daily

The Greek economy is losing 22.3 million euro ($24.8 million) a day in its gross domestic product (GDP), the Hellenic Confederation of Commerce and Enterprises (ESEE) survey revealed.

The Euro Area's Debt Hangover

This post was co-authored with Kermit Schoenholtz, also an authorized HuffPo blogger, whose name should be added to the byline The ongoing difficulties in Greece - combined with the ECB's dramatic actions to ward off deflation - areShow More Summary

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