• http://www.zerohedge.com, Submitted by Simon Black
Standing before the European Parliament yesterday, it took Nigel Farage just four minutes to completely destroy every argument supporting the Eurozone.
A few hours ago, a Greek minister for administrative reform, George Katrougalos, told a radio station in Athens that reopening the banks "probably is not technically possible this week."
A few hours ago, a Greek minister for administrative reform, George Katrougalos, told a radio station in Athens that reopening the banks "probably is not technically possible this week."
Stay tuned for analysis on Greece, where European leaders have given the debt-stricken country a deadline of five days to achieve a reforms-for-aid deal.
Chancellor Angela Merkel's fraught negotiations over Greece's eurozone future were threatened by a growing revolt within her own conservative ranks yesterday as dozens of right-wing MPs and politicians queued in opposition to the idea of more aid for
Rocketing housing costs in Britain's capital have fuelled a surge in Londoners seeking cheaper accommodation on boats, with increased numbers putting pressure on the city's historic network of rivers and canals.
Last week the Greek government imposed capital controls to prevent cash from escaping from the Greek banking system, which is on the brink of collapse.
GREEK cities were filled Sunday night with cheering supporters of the victorious Oxi ("No") camp in the referendum on the bail-out terms demanded by the country's European creditors. Many believed they had launched an anti-austerity revolution that w
Earlier today we reported that as Bloomberg correctly leaked, the ECB would keep its ELA frozen for Greek banks at its ?89 billion ceiling level last increased two weeks ago.
Over the weekend, we showed why contrary to unfounded speculation that Greece is entirely contained, there are still extensive linkages when it comes to the fallout a Grexit would reap if not directly on private commercial banks which over the years
Janus Fund's Bill Gross phoned in to chat with Bloomberg Television about the Greek-Eurozone crisis today-- and the legendary bond investor said the global financial situation is not as calm as markets suggest.
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The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe.
We cannot remember having seen so many markets at critical points simultaneously. It is truly astonishing. Scary movie or turning points? We do not know for sure, but let's review the strategic assets in order to get an understanding of the likely sc
Earlier today, as has become a symbolic custom, Tsipras spoke to Russia's Putin by phone. Aside for the referendum, the topic of their conversation was unknown, but both sides rushed to note that financial aid was not among the topics of discussio
The euro slipped with emerging-market currencies as Greek voters' rejection of austerity sent investors to the relative safety of Treasuries and the yen. Chinese stocks jumped after the country stepped up efforts to arrest a $3.2 trillion selloff.