I expect that there will be new elections as soon s possible.
Then with a solid mandate Greece will exit the Euro.
Any news I have heard is bad.
http://www.telegraph.co.uk/finance/financialcrisis/
Osborne: Merkel damaging UK economic interests
15 May 2012
| 77 Comments Merkel tells Greece to back cuts or face euro exit
14 May 2012
| 618 Comments Eurozone industrial production falls, boosting recession fears
14 May 2012
| 3 Comments Brace, brace. Dark times ahead as Greece heads for the exit
14 May 2012
| 58 Comments Don’t land us with the bill for Europe’s folly
14 May 2012
| 18 Comments Greek politicians urged to form government as markets tumble
Politicians in Athens were urged to make the 'right decision' and avert the 'terrible consequences' of their deadlock as fears of a Greek exit from the euro gripped financial markets.14 May 2012
| 220 Comments Debt crisis: as it happened, May 14, 2012
Markets have fallen heavily and debt yields have risen, as EU finance ministers meet for 'political' talks that are expected to focus on the ongoing crises in Greece and Spain.14 May 2012
| 947 Comments Lord Jones says William Hague's criticism of British businesses is 'a bit rich'
Lord Jones hit back at claims by the Foreign Secretary William Hague that businesses need to stop complaining and “work hard” to generate growth, branding the comments “a bit rich”.14 May 2012
| 3 Comments Spanish borrowing costs surge on bank rescue fears
Spanish borrowing costs rose to their highest level over Germany's since the euro was launched, amid fears the country's latest bank rescue plan is inadequate.14 May 2012
| 13 Comments Austerity is myth to con financial markets, City tells Cameron
Britain's austerity programme is a “myth” designed to “con” the financial markets, a major City finance company claimed today.14 May 2012
| 158 Comments Eurozone debt crisis: bond yields explained
Spanish bond yields have risen back above the 6pc danger level as renewed fears about a Greek exit from the eurozone sent investors into panic mode.14 May 2012
| 34 Comments Markets struggle amid Greek uncertainty
Greece's stock exchange opened low today reflecting the lack of faith that leaders would be able to form a government and avoid new elections.14 May 2012
Eurozone industrial production falls, boosting recession fears
Output at factories in the eurozone unexpectedly fell in March, the latest in a series of disappointing numbers signalling that the bloc's recession may not be as mild as policymakers hope.14 May 2012
| 3 Comments Greeks call for a working government
Athens residents say that a coalition government is needed so that work can be started on dragging the country out of economic crisis.14 May 2012
Bank shares drag FTSE lower on eurozone fears
Markets fell and bond yields rose ahead of today's meeting of eurozone finance ministers that will focus on the Greek political chaos and fears over the health of Spain's banking sector.14 May 2012
| 89 Comments Ministers under fire after telling businesses to stop complaining
Ministers have come under fire after telling businesses to stop complaining and get on with creating more jobs.14 May 2012
| 7 Comments Backlash in Europe threatens austerity
German chancellor suffers electoral setback as opposition to European austerity measures spreads across the continent.14 May 2012
| 48 Comments Interest rates 'on hold through 2013'
Sir Mervyn King, the Governor of the Bank of England, is expected to signal on Wednesday that interest rates will not rise from their record low until late 2013 at the earliest, as the UK's growth disappoints.14 May 2012
| 44 Comments Left-wing leader plays down hopes for Greek coalition
The only leader standing between Greece and potentially devastating new elections said he had "very little hope" as he entered last-ditch talks with the country's president yesterday.This is a free site at the Financial Times.
http://ftalphaville.ft.com/blog/
Greece is heading for a fresh general election “after its political parties failed to form a national unity government because of opposition from the anti-bailout Syriza coalition. President Karolos Papoulias, whochaired three failed meetings with political leaders in as many days, was unable to bridge differences between Syriza and the two pro-euro parties, the centre-right New Democracy and PanHellenic Socialist Movement (Pasok). A caretaker government will be chosen on Wednesday to oversee the election, expected on June 17,” the FT reports. (Financial Times)
“Shareholders in Europe’s listed companies will be given a binding vote on pay while those who invest in banks will gain powers to set a cap on bonus levels, under plans being drawn up by senior EU officials,” the FT reports. (Financial Times)
“Santander UK, the British arm of Spain’s biggest bank by market value, has been forced to stress its independence from its parent, amid heightened nervousness about the vulnerability of the Spanish economy,” reports the FT. (Financial Times)
“Up to 20 of Europe’s top banks will on Wednesday discuss a plan to foil the dominance of the much criticised big three credit agencies at a private meeting of finance directors in Frankfurt,” according to the FT. (Financial Times)
“The Republican leader of the House of Representatives has set the stage for a new fiscal showdown with the Obama administration, reviving memories of the stand-off last summer that saw the US lose its triple A rating,” reports the FT. (Financial Times)
The WSJ reports that Greek depositors “withdrew €700 million ($898 million) from local banks Monday, the country’s president said, as he warned that the situation facing Greece’s lenders was very difficult.” (Wall Street Journal)
No comments:
Post a Comment