Handicapping the Chances of Greece Dropping the Euro
Understanding all the moving parts in the European sovereign debt crisis can be a Herculean task, even for the most determined analyst. Heck, even hazarding a guess at what tomorrow’s crisis du jour will be is more than enough for most investors to g...
‘Your differences are small compared to the size of your debt to your country’
That’s our (no doubt dodgy it was: fixed) paraphrasing of President Karolos Papoulias of Greece, during Sunday’s talks with the leaders of the New Democrats, PASOK,...
Grexit and the euro: an exercise in guesswork
Everyone who’s anyone (and some other people too) has a view on what will happen to the value of the euro if Greece makes an exit. Probably of dubious predictive use, but here...
You cannot be Syriza!
If Greece ends the reform process it has undertaken, then I can’t see that the respective tranches [of aid] can be paid out.– Guido WesterwelleIf Greece does not decide...
Oh, Greek moratoria (redux)
EFSF will make €5.2bn payment to Greece – ReutersAlthough €4.2bn will be disbursed on 10 May and the rest has been held back because Greece doesn’t need it until June,...
A tipping point in eurozone crisis talk
ECB executive board member Jörg Asmussen in the Handelsblatt (Google translation):“Greece must be clear that it agreed to this rehabilitation program is no alternative,...
Oh, Greek moratoria
*Tsipras says must be moratorium on Greece debt paymentsThat, earlier on Tuesday, was Alexis Tsipras – head of Syriza and current owner of the mandate to form a coalition...
‘Loosening’ the memorandum
*VENIZELOS SAYS MUST HAVE TALKS WITH EU PARTNERS ON TERMS*VENIZELOS SAYS MUST EXTEND TIME OF PROGRAM TO END 2015*VENIZELOS SAYS GREEKS WANT TO REMAIN IN THE EUROAnd on that note…...
Hollande win, Greek deadlock – the analysts react
It’s a Bank Holiday Monday in the UK so analysis is pretty thin on the ground. But here’s the best of what we have so far. A quick recap: François Hollande won the French election,...
The Hollande Discount
With a little more than an hour to go before the equity markets open in Europe, investors are still attempting to digest the significance of an electoral victory for Francois Hollande in France as well as a much more fragmented political scene in Greec...
Greek elections: Be afraid, be very afraid
Greece goes to the polls this weekend. And it looks like it’s going to be messy. The potential for the “wrong” result to wreak havoc in the markets on Monday morning is real....
Finland’s got a [redacted]
‘Greece Pays Finland Collateral Money,’ goes the Bloomberg headline.Well, that’s broadly true we suppose. Technically, Greek banks which cannot be named have...
