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  • Unresolved Greek crisis to drag European economy: Lakefield Aug 03, 2015 03:35 PM IST

    Unresolved Greek crisis to drag European economy: Lakefield

    The overall consequence would be even more negative in case of a debt relief and possibly the International Monetary Fund (IMF) is going to clash with the ECB (European Central Bank) and the Eurozone politicians, says Bruno Verstraete, Partner, Lakefield Partners.

  • Greek stock market trades 20% lower after reopening Aug 03, 2015 02:42 PM IST

    Greek stock market trades 20% lower after reopening

    Greek banking stocks were the worst hit with Alpha Bank, Attica Bank and Eurobank Ergasius, Bank of Piraeus and the National Bank of Greece were all trading around 30 percent lower - the daily volatility limit.

  • Germany, France press Greek to make fast, serious proposals Jul 31, 2015 02:10 PM IST

    Germany, France press Greek to make fast, serious proposals

    German Chancellor Angela Merkel and French President Francois Hollande, the euro zone's most powerful leaders, said Athens must move quickly if it wants to secure a cash-for-reform deal with creditors and avoid crashing out of the single currency.

  • Greece's Tsipras asserts control over party congress vote Jul 31, 2015 11:50 AM IST

    Greece's Tsipras asserts control over party congress vote

    Greece's ruling Syriza movement backed a call on Thursday from Prime Minister Alexis Tsipras to hold an emergency party congress as he seeks to assert his control over rebel lawmakers balking at new bailout talks.

  • Greece's Tsipras prevails over rebels at party meeting Jul 31, 2015 08:30 AM IST

    Greece's Tsipras prevails over rebels at party meeting

    Syriza's governing central committee early today backed a proposal by Tsipras to hold an emergency party conference in September, after the talks have been concluded. Dissenters had sought a conference earlier, pressing the government to abandon ongoing negotiations with rescue lenders.

  • Restructuring Greece's debt no longer a question: Coeure Jul 27, 2015 03:19 PM IST

    Restructuring Greece's debt no longer a question: Coeure

    Coeure told French daily Le Monde that all euro zone countries wanted Greece to remain in the shared currency bloc and were prepared to offer "financial solidarity" as long as Greece carried out reforms.

  • Tsipras under pressure over covert Syriza drachma plan Jul 27, 2015 08:55 AM IST

    Tsipras under pressure over covert Syriza drachma plan

    It is not clear how seriously the plans, attributed to former Energy Minister Panagiotis Lafazanis and former Finance Minister Yanis Varoufakis, were considered by the government and both ministers were sacked earlier this month.

  • Greece prepares to reopen market after one-month shutdown Jul 25, 2015 03:00 PM IST

    Greece prepares to reopen market after one-month shutdown

    Greece is preparing to reopen its stock exchange and allow international investors to take their money out of the country's listed companies after a one-month shutdown.

  • Gold crawls off 5-year low, but downside risk seen intact Jul 23, 2015 11:15 AM IST

    Gold crawls off 5-year low, but downside risk seen intact

    Gold edged up from a five-year low on Thursday as the dollar weakened, but the modest gains suggest bearish investors are still hovering in the market after an early-week rout led to bullion's deepest loss in nearly two years.

  • Greek PM keeps lid on party rebellion to pass bailout vote Jul 23, 2015 08:12 AM IST

    Greek PM keeps lid on party rebellion to pass bailout vote

    Greek Prime Minister Alexis Tsipras contained a rebellion in his left-wing Syriza party to win parliamentary approval on Thursday for a second package of reforms required to start talks on a financial rescue deal.

  • Air India to raise foreign loan worth $300 mn Jul 22, 2015 07:01 PM IST

    Air India to raise foreign loan worth $300 mn

    The debt-laden airline would mainly utilise the proceeds for maintenance of aircraft and working capital requirements, among others. This is the first time Air India is raising funds through the ECB route.

  • Greek PM Tsipras rallies Syriza backing before bailout vote Jul 22, 2015 08:29 AM IST

    Greek PM Tsipras rallies Syriza backing before bailout vote

    Tsipras has faced a revolt in the left-wing Syriza party over the mix of tax hikes, market reforms and spending cuts demanded by lenders but is expected to get the package through parliament with the support of pro-European opposition parties.

  • Greece reopens banks, starts repaying some debts Jul 21, 2015 08:09 AM IST

    Greece reopens banks, starts repaying some debts

    Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid on Monday in the first signs of a return to normal after last week's deal to agree a tough new package of bailout reforms.

  • Greece starts paying back the ECB, IMF Jul 20, 2015 03:10 PM IST

    Greece starts paying back the ECB, IMF

    According to a report by Reuters, Athens is paying back 4.2 billion euros in principal and interest to the ECB and 2.05 billion euros in arrears it has owed the IMF since it stopped repaying at the end of June. It is also repaying a 500 million euro loan to the Greek central bank.

  • Europe move to restore funding to Greece after bailout vote Jul 18, 2015 12:45 PM IST

    Europe move to restore funding to Greece after bailout vote

    The European Central Bank increased emergency funding for Greek lenders, although capital controls will have to remain in place to avoid a run on the banks when they reopen on Monday.

  • ECB raises emergency funding to Greek banks Jul 16, 2015 07:20 PM IST

    ECB raises emergency funding to Greek banks

    The European Central Bank (ECB) has hiked its emergency lending to Greek banks, President Mario Draghi revealed on Thursday, raising hopes that lenders may be able to open their doors after more than two weeks of closures.

  • IMF calls for Greece debt relief as Germany talks tough Jul 14, 2015 10:16 PM IST

    IMF calls for Greece debt relief as Germany talks tough

    A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far, as Germany heaped pressure on Athens on Tuesday to reform and win back its partners' trust.

  • Dollar up with Greece off centre stage, safe-haven yen sags Jul 14, 2015 09:43 AM IST

    Dollar up with Greece off centre stage, safe-haven yen sags

    The greenback performed well against its Japanese peer, which lost its safe-haven appeal with the worst-case-scenario of Greece exiting the euro seemingly averted.

  • Grexit will spark risk-off trade; EMs to take hit: Banque Jul 13, 2015 08:51 AM IST

    Grexit will spark risk-off trade; EMs to take hit: Banque

    The impact of a Greek exit will be largely sentimental as far as India is concerned as there is no direct link between Indian and European economies, says Hans Goetti, Head of Investment-Asia, Banque Internationale À Luxembourg.

  • Tsipras wins backing for concessions; EU give positive sign Jul 11, 2015 01:15 PM IST

    Tsipras wins backing for concessions; EU give positive sign

    The measures, which received an initial nod from European Union and International Monetary Fund officials before a meeting of euro zone finance ministers on Saturday, were passed with the support of pro-European opposition parties.

  • Tsipras seeks party backing after abrupt concessions Jul 10, 2015 09:10 PM IST

    Tsipras seeks party backing after abrupt concessions

    Greek Prime Minister Alexis Tsipras appealed to his party's lawmakers on Friday to back a tough reforms package after abruptly offering last-minute concessions to try to save the country from financial meltdown.

  • Draghi doubts Greek solution as Tsipras reforms awaited Jul 09, 2015 08:02 PM IST

    Draghi doubts Greek solution as Tsipras reforms awaited

    European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday.

  • A new Greece programme needs debt restructure: IMF Lagarde Jul 09, 2015 10:30 AM IST

    A new Greece programme needs debt restructure: IMF Lagarde

    In addition to the reforms Athens needs to undertake, she said, "the other leg is debt restructuring, which we believe is needed in the case of Greece for it to have debt sustainability."

  • Greece is bad but this is worse! Jul 09, 2015 08:07 AM IST

    Greece is bad but this is worse!

    Stocks were smacked hard Wednesday by concerns that China's economy will begin to feel the pain of a selloff that has erased more than 32 percent from Shanghai stocks.

  • Greece and China expose limits of 'whatever it takes' Jul 08, 2015 11:44 AM IST

    Greece and China expose limits of 'whatever it takes'

    INVESTMENT-CENBANK-FIREFIGHTING:Analysis - Greece and China expose limits of 'whatever it takes'"Whatever it takes," Mario Draghi's 2012 assertion about what the ECB would do to save the euro, best captures the all-powerful, self-aware central bank activism that's cosseted world markets since the banking and credit collapse hit eight years ago.

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