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 | The Corner | The purchase of large swathes of Spanish land by US hedge fund Lone Star is further compelling evidence that the Spanish property market is staging a recovery. This investment signifies that the improvement in the market will soon be seen in the residential sector, having previously been confined to the retails and commercial markets.
MADRID| Sean Duffy | Judge´s ruling piles pressure on former executives of Bankia, including former IMF Managing Director Rodrigo Rato.
MADRID | The Corner | EU posts marginal growth stats, but the figures are indicative of slow pace of recovery.
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| Spain has been trying to enhance the business climate for entrepreneurs, but experts say that more needs to be done to spur growth in vital sector of the economy.