European Central Bank

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Varoufakis Exit May Ultimately Help Greek Banks

The financial media might have the public tricked into believing that Greece's "no" vote is the end of the euro, but 2015 is a far different year than say 2010. ...
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The Fallout of Greek Shame

OK, so the news out of Greece is about as bad as one can get, short of military involvement. The financial markets are in turmoil, after somehow actually having been ...
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European Stocks Down Almost 4% on Greek Panic

Banks did not open in Greece, although probably every Greek citizen would have taken his money and run. It appears there will be no deal on Greek debt with the ...
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Nationalization Risk Returns in Greek Banks

The only way to describe the situation around Greece's ongoing negotiations with creditors would be to call it a Greek tragedy. Investors keep thinking that Greece is going to strike ...
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11 Ways the EU Could Force Greece Into a Deal

After Greece failed yet again to reach a deal with European leaders, it is time for the Europeans to accept the fact that Greece simply wants out of much of its debt ...
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Nationalization and Default Threat Risk Diminishes in Greece

The massive snapback rally on Wednesday in stocks in the United States and Europe is tied to word that Angela Merkel may be committed to signing a deal with Greece. ...
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Athens

Greek Sovereign Debt Downgraded at S&P

Ratings service Standard & Poor’s has downgraded its long-term and short-term sovereign credit ratings on Greece from B-/B to CCC+/C. The ratings have been removed from CreditWatch, but the outlook ...
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Greece Wants 279 Billion Euros From Germany for WWII Reparations

Greece means to pay its debts in any way possible. At least that could be the conclusion of Greeks pushing for €279 billion in reparations from Germany for actions during ...
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Overseas Companies With High Exposure in the US

Both the European and Japanese central banks have embarked on quantitative easing programs that have significantly weakened their currency versus the U.S. dollar. A weaker currency can make the goods ...
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Can You Trust the New Higher Growth Forecasts in Europe?

What does a massive round of quantitative easing in Europe, an environment of deflationary pressures and a testing of negative interest rates tell you? It spells an economy in trouble. ...
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Euro

Euro Area Economy Expected to Grow 1.3% in 2015

The European Commission (EC) has gone out on a limb. Its Winter Economic Forecast has put improvement of gross domestic product (GDP) at 1.3% for the euro area in 2015 and 1.9% ...
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Athens

Bad News and Good News on Greek Exit

The January 25 elections in Greece are raising concerns that if the current leader in the political polls wins the election, the country may threaten to leave the euro monetary ...
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Athens

The Greek Conundrum Takes Its Toll

With the woes of Europe dominating the headlines for the start of 2015, the concerns about the future of Greece in the eurozone are upon us yet again. National Bank ...
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Italy Downgraded on Deflation, Debt Concerns by S&P

Ratings agency Standard & Poor’s on Friday lowered its real and nominal growth projections for Italian GDP and, as a result, cut the country’s long- and short-term debt ratings in ...
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Euro

Mario Draghi Loosely Outlines ECB Quantitative Easing for 2015

The European Central Bank (ECB) has decided to follow the Bank of England by not cutting interest rates. Still, ECB President Mario Draghi has talked up the scenario for additional ...
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