Greece

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Agreement on collateral for Finland's contribution to the second Greek bailout

Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…


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Agreement on collateral for Finland’s contribution to the second Greek bailout

Step by step, European authorities may believe that they’re getting on with the job, but capital markets clearly dislike the speed; actually, the lack of any speed at all. The euro-group has requested further adjustment measures for 2013-2014 from Greece and wants an acceleration of privatisation plans, too. Unfortunately, it has been decided to delay the release of the €8bn sixth tranche of the first rescue of Greece beyond the initially marked date…


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Now it's the Slovaks!

A Banco Santander note on Thursday addressing the misled general belief that it is Finland’s government that poses the tallest barrier in the Greek bailout’s way: “Positive news from Greece. The government announced aggressive additional measures necessary to reduce the deficit and thus gain access to the next €8bn tranche of aid. In any case, the risk of implementation is very high so it is expected that December (coming quarterly…


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Now it’s the Slovaks!

A Banco Santander note on Thursday addressing the misled general belief that it is Finland’s government that poses the tallest barrier in the Greek bailout’s way: “Positive news from Greece. The government announced aggressive additional measures necessary to reduce the deficit and thus gain access to the next €8bn tranche of aid. In any case, the risk of implementation is very high so it is expected that December (coming quarterly…



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Is austerity making things worse?

NEW YORK | It seems that there is already a critical mass of economists suggesting that the whole austerity passion that all of a sudden possessed world leaders is just the wrong passion. In this Monday CNN’s interview, Nobel economics laureate Joseph Stieglitz said he thinks the US government has to go away from austerity and go for a growth strategy. The same applies to Greece: if they continue to…


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"Troika to return to Greece to sort out the €1.7bn gap in public finances"

Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…


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“Troika to return to Greece to sort out the €1.7bn gap in public finances”

Bankinter analysts, in Madrid | This week is to be decisive for Greece. The technical team of the so-called troika of creditors (the IMF, European Union and European Central Bank) will return next Wednesday to Athens to see if the Greek government can clarify the figures it failed to make clear the previous week (this is why the troika left abruptly) and on Saturday, the euro group is meeting probably to…