A Greek tragedy could be ahead for markets, warns Larry McDonald of Newedge.» Read More
Athens said it would issue a seven-year and 10- year bond as well as a Treasury bill of over 26 weeks next year, emboldened by a successful return to debt markets earlier this year following a four-year hiatus. Athens also confirmed it expects to report a budget surplus excluding interest payments of 2.9 percent of GDP next year, just shy of the 3 percent target set...
LONDON, Oct 2- Euro zone bond yields rose on Thursday after the European Central Bank gave no new hints of an imminent sovereign bond buying programme, leading some in the market to scale back bets on this happening. ECB President Mario Draghi said after its latest policy meeting that it would buy bundles of loans and other forms of secured debt from mid-month in an...
*France postpones deficit reduction by a further two years. PARIS, Oct 1- France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.
*Mood swing from austerity seen helping France's case. PARIS, Sept 30- From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape.
Anthimos Thomopoulos, CEO of Piraeus Bank, says the ECB's asset quality reviews will dispel concerns over the strength of the Greek banking system.
Anthimos Thomopoulos, CEO of Piraeus Bank, says the quantitative easing from the ECB is "on the cards" but the central bank should not engage in a currency war.
*HSBC, Standard Chartered fall as Hong Kong unrest hits markets. LONDON, Sept 29- HSBC, LVMH and other companies exposed to Hong Kong underperformed a broader drop in European stock markets on Monday as civil unrest in the Asian city continued.
LONDON, Sept 29- Greek government bond yields rose to their highest in almost two months on Monday as Athens' plans for an early exit from a bailout programme raised concerns about future financing and debt relief.
*Athens hopes to wean itself off bailout plan early. In Berlin earlier this week, Samaras for the first time publicly acknowledged that Athens hoped to wean itself off a 240- billion-euro EU/IMF aid package a year before its scheduled end in early 2016..
Greece’s cost of borrowing has risen sharply this week, thanks to political uncertainty and fears the 2015 budget will not be approved by the Troika.
BERLIN, Sept 22- The euro zone should have its own single representation at the International Monetary Fund, the European Central Bank's chief economist said on Monday, a call which may encounter resistance around the bloc.
*Athens building its own funding buffer- Greek finmin. Athens is anticipating further debt relief measures from its euro zone partners and the International Monetary Fund later this year after managing to shore up its finances and post a budget surplus before interest payments.
Greece's Deputy Development Minister Notis Mitarachi, says now is the right time to reduce austerity measures as the Greek economy is on a better footing.
Evangelos Mytilineos, CEO of Mytilineos, says Greece has now seen the worse and that it's now easier for businesses to get funding. He adds that the weaker euro is also helping
Greek Finance Minister Gikas Hardouvelis says the country needs foreign investment and investors putting their cash in the nation will "succeed".
Greece's credit rating was upgraded by Standard & Poor's on Friday and the ratings agency forecast its economy would start growing again next year.
LONDON, Sept 11- Spanish bond yields inched up on Thursday as nervous investors continued to trim holdings before a Scottish independence vote on Sept. 18, where a victory for nationalists would fuel demands by Catalonia to break away from Spain.
BRUSSELS, Sept 10- European Commission President-elect Jean-Claude Juncker unveiled on Wednesday the next European Union executive for the 2014-2019 period. Below is the roster of the new European Commission:. AUSTRIA: Johannes Hahn, 56, outgoing regional policy commissioner from the center-right.
Greece's Alexis Tsipras, unlike France's Le Pen and UK's Farage, favors more European integration.
Alexis Tsipras, leader of Greek opposition party Syriza, says the fall in Greek GDP after the euro zone crisis has been a "disaster" and unemployment remains "unacceptable".