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Posts related to ‘Greece’

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Greece Has Smallest Current Account Deficit Since Joining the Euro

Posted: February 19, 2013 at 12:58 pm

The Bank of Greece has some good news for the PIIGS watchers. We would caution that this good news comes at a hefty price, but that is the world of ...
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PIIGS Watch: Greece Continues To Lure Back Investment

Posted: January 29, 2013 at 2:11 pm

The Euro meltdown seen in 2012 looked as though it was going to bounce Greek out of the monetary union. That was then. We have noted on several occasions how ...
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Greek Unemployment at Record High

Posted: November 8, 2012 at 10:20 am

The Greek government’s statistical agency this morning reported that the country’s unemployment rate in August rose to 25.4%, from 24.8% in July and 18.4% in August of 2011. Among those ...
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Latest News on the Greek Election, Fate of the Euro

Posted: June 17, 2012 at 10:53 am

The Greek elections are finally here and the outcome is currently up in the air as Greek law prohibits poll results from being published in the country. We have been ...
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Bracing For The Euro Without Greece… Other PIIGS Too (EWG, EWQ, FXE, EWI, IRE, IRL, NBG, GREK, EWP, STD, BBVA, VGK, FEZ)

Posted: May 23, 2012 at 12:20 pm

So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together.  Rumors have been out that nations have ...
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Merkel, Greece Showdown on Tap

Posted: May 10, 2012 at 8:44 am

German chancellor Angela Merkel has made it abundantly clear that Germany has no interest in renegotiating the austerity plan that the Eurozone agreed to with Greece. And while it may ...
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Merkel Turns Against Greece, Again

Posted: May 10, 2012 at 7:13 am

Angela Merkel continues to dig in her heels as Greece insist it may reject the austerity measure which have allowed it to get loan support from its eurozone neighbors and ...
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Gold Hits 2012 Low

Posted: May 9, 2012 at 4:43 pm

Gold for June delivery closed down 0.6% today, at $1,594.20/ounce on Comex, the lowest settlement price since December 30. Traders are reacting to two things: a strengthening U.S. dollar and ...
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EU Threatens to Withhold Payment to Greece

Posted: May 9, 2012 at 12:58 pm

Some Eurozone officials are reported to be considering delaying tomorrow’s scheduled €5.2 billion payment to Greece that is part of the €130 billion bailout package sealed by the EU, the ...
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Europe Markets Ignore Greece

Posted: May 8, 2012 at 6:21 am

For some reason, Europe's largest stock markets have shrugged of election results in Greece and France. Many indexes are down, particularly in Greece. But, the markets the world watches most ...
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“Virtual” Solar Power Sales Proposed for Greece

Posted: April 5, 2012 at 2:20 pm

Last year the Greek and German governments proposed a solar PV project to be built in Greece that would generate up to 10,000 megawatts of electricity that could then be ...
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Greece May Require Third Bailout

Posted: March 30, 2012 at 7:18 am

Greek Prime Minister Lucas Papademos told an Italian interviewer that the country may need a third bailout package from fellow Eurozone members, even though the country will do everything it ...
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IMF Forecasts of New Greece Trouble

Posted: March 17, 2012 at 11:00 am

The IMF has indicated that unless the economy of Greece responds quickly to reforms that another bailout may be necessary. It is hard to figure why austerity should provide an ...
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Greek Default Fears On Again, Off Again (NBG, GREK)

Posted: February 14, 2012 at 3:55 pm

If you are watching the market news, the status of Greece is on again and off again.  It sounds like a Greek deal is no longer a sure thing and ...
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Finland Holds Europe Hostage

Posted: August 26, 2011 at 6:26 am

Finland may destroy a Greek bailout deal, which demonstrates how one of the smallest nations in Europe can hold the region's financial health hostage. This opens the question once again ...
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