Greek debt restructuring unlikely before year-end
The IMF is insisting on the need to evaluate a debt relief for Greece. Will it happen?
In Europe
Eurozone recovery will continue despite Greek risk
Despite the political challenges emerging in Greece, the economic recovery in the eurozone has begun to strengthen driven by domestic consumption.
UK: All Change at the Bank of England?
UBS | The announcement of the policy decision at midday on Thursday will also include the minutes to the meeting, alongside the publication and press conference for the August Inflation Report. This will make for more transparency, but will mean a lot of information for the market to digest in one go.
Greek politics and poisonous statistics – an on-going saga
LONDON | Why the Troika and the EU member states find it so difficult to trust Greece.
Varoufakis and his friendly fire
ATHENS | Macropolis | The last thing Alexis Tsipras needed right now is his talkative former Finance Minister Yanis Varoufakis to reveal that he had been working on establishing a parallel payment system in the government’s first months in power.
On the Greek crisis and German imbalances
NICOSIA |By Marios Zachariadis via MacroPolis | Policies undertaken from a narrow national perspective that encourage systematic fiscal surpluses, coupled with a national consensus on wage suppression between unions and industry facilitated by the state, impact negatively upon domestic spending while increasing national saving.
For Greek banks, it’s business as unusual
ATHENS | July 23, 2015 | By Jens Bastian via MacroPolis | Now that the rather bizarrely termed “bank holiday” has come to an end in Greece after three weeks – although domestic and external capital controls – continue, it is appropriate to take stock of the situation and inquire where do we go from here.
Spain unemployment sees biggest Q2 fall since 2008
The Corner | July 23, 2015 | Spain unemployment fell by 295,600 people, or 5.4 % in Q2 from Q1. It is the second major Q2 drop since at least 2008, according to the Active Population Survey.
Greek aid: A multi-billion euro stream again by mid-August
BRUSSELS | July 22, 2015 | By Alexandre Mato | Since the transfer of a €7 billion bridge loan, Greece has started negotiations with its international lenders and euro partners to complete a third rescue programme lead by the ESM. To repay its external obligations in August, the country will need a further multi-billion euro support from the EU.
Has Greece crisis strenghtened Brexit support?
MADRID | July 22, 2015 | By Judith MacInnes | British Prime Minister David Cameron’s ploy to make a grand presentation on his plans for European reform at the June 26 Euro Summit was scuppered by the escalating Greece crisis.