MADRID | Sean Duffy | ECB tightens the squeeze on Syriza government ahead of today´s proposals from the Greek Goverment for a loan extension.
MADRID | The Corner | Markets seem optimistic about the deal between Greece and its creditors (a government spokesman said they aim to reach a compromise today), although analysts are still wondering whether there have been any advances in the negotiation. “At least the ECB decided to a slight increase in emergency funding (ELA) for Greek banks on Wednesday,” a Barclays’ Alberto Vigil said. “But we still don’t know which reforms the Greeks have agreed on.” The ECB had already raised the ELA available to Greek banks by 5 billion euros to about 65 billion seven days ago.
BRUSSELS | By Alexandre Mato | Greek authorities again rejected a Eurogroup statement regarding the extension of its bailout programme. Brussels wants a continuation of the second bailout, but the Syriza goverment wants a 4-month bridge with new rules to be applied. The gulf between both sides has emerged as bigger than initially thought.
MADRID| Sean Duffy | Markets likely to be turbulent today as problems mount in intractable Greek negotiations.
Madrid| JP Marin-Arrese| There is little chance that the Eurogroup will broker a way out of the Greek conundrum later today. As time runs out in the nail-biting tussle between Greece and its creditors, investors may start to lose their nerve. Even if they gauge that a potential Grexit would bring about limited damage for other partners, no one can exclude the possibility of turmoil erupting in the markets.
ATHENS | By Yiannis Mouzakis via MacroPolis | It’s less than three weeks since the Greek government was elected and its Finance Minister Yanis Varoufakis has just taken part in his first Eurogroup – an experience that some of his predecessors have described as traumatic. Yet, a surprisingly large number of people appear convinced that Greece is heading for a showdown with the eurozone and may be counting its last weeks in the single currency.
MADRID| Sean Duffy | Nobody knows how the Greece debt negotiations will turn out, but aren´t we all getting a little tired of the saga?
MADRID | Sean Duffy | Yesterday brought positive data on the housing front and on job creation, with Spanish bank BBVA prediciting the economy will reap considerable benefits from the falling oil price.
MADRID | Sean Duffy | The sale of 49% of Spanish airport group will be in focus from 12 onwards today.