Does Greece want an endless supply of free money? Court action looms in attempt to block Euro exit LeapRate

June 30, 2015 BY Andrew Saks-McLeod

Does Greece want an endless supply of free money? Court action looms in attempt to block Euro exit

Greece's finance minister Yanis Varoufakis has stated that the country's officials are considering fighting through the courts to remain in the European Union and Eurozone even after defaulting on its £1.1 billion installment, creating an even greater potential burden for the European Central Bank

June 29, 2015 BY Mike Fox

EUR/USD fills its Greece down gap, but where do other Forex pairs stand?

As the trading weeks kicks off, Greece news has rocked the markets with traders, banks and brokerage houses glued to their screens.

June 29, 2015 BY Andrew Saks-McLeod

View from within: How will FX companies avoid a second "Black Thursday" if Greece exits EU? - LeapRate Investigates

Industry executives speak to LeapRate regarding a close eye is being kept on margin utilization and the requirement for clients to be sufficiently funded in case of extreme volatility caused by an exit from the Eurozone and subsequent default by Greece

June 29, 2015 BY Andrew Saks-McLeod

Euro plummets as top corporate economists predict Grexit and investors empty ATMs

The Euro plunged to 1.10 against the US dollar over the weekend as Greek banks remain closed, capital controls are in place and investors rally to empty ATMs across the country. Top economists consider an exit from the Eurozone very likely as referendum spells massive exposure to the ECB of over a third of its capitalization

June 24, 2015 BY Andrew Saks-McLeod

Euro currency traders panic as crunch time for Greece approaches - Guest Editorial

"Investors are not convinced by the current situation and we have seen euro weaken across the board; overnight during the Asia session, EUR/USD was in free-fall from 1.13s to the 1.12s and further momentum, as the EU market opened, pushed the pair lower. EUR/USD now trades at 1.1160" - Zoe Fiddes, Head of Sales, ORE

June 22, 2015 BY Andrew Saks-McLeod

Greek ministers at 11th hour: "No deal unless compatible with Syriza election manifesto"

"I repeat: The deal will either be compatible with the basic lines of Syriza's election manifesto, or there will be no deal. The prime minister is negotiating with this in mind" - Deputy Labor Minister Dimitris Stratoulis

June 17, 2015 BY Andrew Saks-McLeod

Greece about to be 'thrown out' of the European Union?

Greece's Central Bank issued an urgent plea to reach a bailout deal, warning of financial catastrophe for the nation if it is forced out of the EU

June 09, 2015 BY Andrew Saks-McLeod

Europe faces extreme obscurity as Greece continues to shun Euro and exposure remains - Guest Editorial

"When Greece warned on the 22nd of the month that it would be unable to meet its next debt payment at the end of May, the EURUSD pair tumbled even more, falling below 1.10 and remaining there through the end of the month" - Jameel Ahmad, Chief Market Analyst at ForexTime (FXTM)

May 12, 2015 BY Andrew Saks-McLeod

Professor Steve Hanke - "Europe would be better off without Greece."

Professor of Applied Economics at Johns Hopkins University in Baltimore Steve Hanke advocates a Grexit, stating that the nation joined the Eurozone in order that it could intentionally have no financial discipline

May 05, 2015 BY Andrew Saks-McLeod

Greece: Is a Domestic Default Under Way? - Guest Editorial

Anticipating an imminent default by Greece, Blackwell Global Research Analyst Steven Knight states " Individuals and Companies dealing with the Greek state view it as a very real credit risk, as payment delays are now the norm"

Tag: greek debt