Greece

“The plan will unfold in three phases – from May 4 to mid-June – and, depending on the data, it will change accordingly.”

“As coronavirus cuts a swath of economic destruction across Europe, pushing the already-strained budgets of southern countries to the brink, calls are getting louder for the eurozone to intervene by issuing debt backed by all members.” – by Silvia Borrelli and Matthew Karnitschnig

2020 brings with it the 10th year of recovery since the global financial crisis. Equity markets continue to break records, ample credit is available, yet the bullish performance appears cosmetic at times and investing in Europe in 2020 is fraught with political risks.  The US deficit doubled from $385bn to $779bn last year, the UK […]

“Greece attracted record orders for its first 15-year bond sale since the financial crisis, a crucial step in furthering the thrice bailed-out country’s capital markets comeback.” – by Yoruk Bahceli

“European market hangs in the balance as LNG champions take aim at Russian-Turkish energy alliance.” – by John Psaropoulos

“Greece plans to provide as much as 9 billion euros ($10 billion) in state guarantees to help its banks reduce a mountain of soured debt weighing on their balance sheets, according to two people with knowledge of the matter.” – by Viktoria Dendrinou

“Greece’s prime minister detailed tax cuts for austerity-hit Greeks and companies strained during a decade-long debt crisis, and promised reforms aimed at convincing lenders to ease the nation’s fiscal target from 2021.” – by George Georgiopoulos and Renee Maltezou

“Mr. Mitsotakis, who was quickly sworn in on Monday and was expected to name his cabinet later in the day, will need to win over those who believe he lacks the competence to deal with the complexities of Greece’s huge economic and social challenges.” – by Matina Stevis-Gridneff

We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started.  Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self.  Blockbuster, Toys R Us, Woolworths are all part of the history books now.  Europe, where we […]

“Greek jewellery maker Folli Follie will seek creditor approval for a planned overhaul of the business, it said on Tuesday after announcing the resignation of the troubled company’s CEO.”