TOKYO (Reuters) - Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial to resolving the bloc's debt crisis.
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about commitments from struggling euro zone economies to pursue austerity measures, widely seen by markets as crucial ...
Risk assets fell broadly on Monday after elections in Greece and France fuelled questions about whether Europe will continue to pursue austerity measures seen by markets as crucial to resolving the euro zone's debt crisis.
The recovery for most of the euro zone will certainly begin in the second half of 2013
PARIS — The eurozone’s crisis is far from over and its members must consolidate their budgets and forge a banking union to put the bloc on a more stable economic footing, the leaders of the IMF and European Central Bank said on Friday.
LONDON: European investors, jittery over China's economic health and reverberations of the euro zone crisis, kept cash allocations near three year highs but lifted exposure to European assets as immediate concerns over the Greek crisis subsided. A monthly survey of 21 European investment managers found holdings of safe-haven cash in portfolios stood at 10.1 percent in June.
"Is it the 'How' or the 'When' that Matters in Fiscal Adjustments?" asks a recent NBER Working Paper (NBER Working Paper No. w22863). The authors, Alberto Alesina, Gualtiero Azzalini, Carlo A. Favero and Francesco Giavazzi ask a rather interesting and highly non-trivial question.
ATHENS: French President Francois Hollande made a last-ditch appeal on Monday to Greek Prime Minister Alexis Tsipras to return to the negotiating table with creditors, saying only a few hours remained for a deal. Athens shocked creditors by announcing on Saturday a July 5 referendum on the latest cash-for-reform proposal. It now has less than 48 hours to pay back 1.6 billion euros of IMF loans. Ministers from Hollande's Socialist government were early backers of Tsipras' leftist administration after it won January elections.
Authored by Nicholas Spiro (Spiro Sovereign Strategy) and Nick Stamenkovic (RIA Capital Markets) via Bloomberg Briefs, With yields at record lows, it is all too easy to suggest that 'Europe is fixed' especially if you are a European leader, but that is not the case...
I am amused by the Financial Times headline Tsipras shrugs off gaffe about Hollande.
When Evangelos Venizelos, the Greek socialist leader, boarded a 7.30am flight to Paris on Tuesday, only his closest aides knew he was on the way to a hastily arranged meeting with the French president.