ATHENS | June 22, 2015 | By Manos Giakoumis via MacroPolis | Almost a year ago, Greek banks successfully raised 8.3 billion euros in capital increases, which were over 1.5 times subscribed amid strong interest – primarily from international institutional investors.
MADRID | June 21, 2015 | By JP Marín Arrese | Bertrand Russell coined this famous phrase when the cold war nuclear escalation threatened the survival of the human race. A useful tip for intractable confrontations where sanguine sentiments lead conflicting sides to prefer collective ruin rather than reaching a compromise. The Greek imbroglio is a good example.
PARIS | June 19, 2015 | By Francesco Saraceno | Very busy period. Plus it is kind of tiresome to comment on the daily ups and downs of the negotiations between Greece and the Troika Institutions.
MADRID | June 18, 2015 | By Luis Martí | The negotiating tactics of the Greek government can only be understood against the backdrop of an impossible set of electoral promises –impossible, that is, unless the government gained access to an unlimited inflow of financial resources from abroad at no charge. This not being the case, President Tsipras has to act within a constrained framework.
ATHENS | June 15, 2015 | By Nick Malkoutzis via MacroPolis | Greece’s negotiations with its lenders over the last few days have been more like a ride on the ghost train than a roller coaster, producing moments of sheer panic punctuated by brief spells that allow the palpitations to subside.
The Corner | June 15, 2015 | Spain’s yield spread soared as Greece talks have stalemated in recent weeks. The country’s 10-year bond yield rose 12 basis points to 2.37 percent at 11:21 a.m. London time.
LONDON | June 15, 2015 | Barclays | The banking system has lost nearly 23% of its deposits since November 2014.
ATHENS | June 10, 2015 | By Jens Bastian via MacroPolis | Greece’s negotiations with its international creditors have now entered their eighth month, with a possible interim agreement due to be discussed in Brussels between Prime Minister Alexis Tsipras, German Chancellor Angela Merkel and French President Francois Hollande.
LONDON | June 10, 2015 | By Antonio Garcia Pascual and Nikolaos Sgouropoulos (Barclays) | We think there are at least two critical issues outstanding: 1) agreeing on credible fiscal measures to achieve a primary surplus of c. 1% of GDP; and 2) fast-track pension reforms to reduce costs and increase the effective retirement age (currently 59).
MADRID | June 9, 2015 | By JP Marín Arrese | From the very moment Ms Merkel vowed to put an end to the Greek crisis, she filled the Hellenic sails with hopes of snatching extra concessions. Athens seems well aware that the German Chancellor is under heavy pressure to secure a deal before the G-7 meeting, and that it will profit from this unexpected manna. It will play these winning cards until they become obsolete.