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Greek referendum

Greek referendum: Between Scylla and Charybdis

In Europe

ATHENS | July 4, 2015 | By Yannis Mouzakis via MacroPolisHere we are again, just over five years of the anniversary of the country’s first programme and more than 210 billion euros of financing later, Greece is about to hold the referendum that machinations and backroom dealings averted back in 2011. 

In Europe

Spain Economic Office Chief: “If we wanted the euro, we needed to have more flexibility”

BRUSSELS | July 3, 2015 | By Jacobo de Regoyos | The Greek crisis has sparked an intense debate about the future of the European Union. Spain recently handed Brussels a proposal on a eurozone-level budget for emergency rescues, and the need of issuing eurobonds. Head of Spain’s Economic Office Head Álvaro Nadal spoke to The Corner about competitiveness and solidarity between members. This is the second part of an interview.

Álvaro Nadal
Markets

Investors would rather bet on Spanish stocks instead of bonds

MADRID | July 3, 2015 | By Francisco López Investors who bought a Spanish 10-year bond last January 1st are losing today 3.8% of their investment. Those who chose a financial product linked to lbex35 earned 6% in the same period, despite the recent fall caused by the Greek crisis.The evolution of the Spanish stock market has been better in the first half of the year and, according to experts, may further improve.

Spanish Stock market
In Europe

The Greek referendum leads nowhere

MADRID | July 3, 2015 | By JP Marín ArreseTsipras’ strategy has been based on the wrong assumption EU leaders would cave in when confronted with the awesome prospect of the euro losing its irrevocable nature. But betting on such dangerous game theories, so dear to Mr Varoufakis, has created an appalling mess. Any desperate attempt to renew negotiations seems doomed until the referendum is held. Anything short of a ‘yes’ vote would plunge Greece into a dire situation.

Greek referendum
Markets

PBOC shows it is concerned about Chinese stock market

BEIJING | July 2, 2015 | By Xu Gao via Caixin Moves by the Chinese central bank (PBOC) indicate that it is paying close attention to margin trading and the commitment that banks have made to the bourse.

Chinese stocks
In Europe

Yes to the Greek referendum, no to the way it’s being held

ATHENS | July 2, 2015 | By Nick Malkoutzis via MacroPolis | Since the start of Greece’s bailout programs in 2010, there has been an unrequited desire in Greek public opinion for a referendum. In fact, current Prime Minister Alexis Tsipras urged the then Greek leader George Papandreou to hold one before signing the first memorandum of understanding with creditors five years ago. In late 2011, when Papandreou proposed holding one, Tsipras was against the idea. 

Greek referendum
In Europe

Spanish unemployment at lowest levels since August 2011

The Corner | July 2, 2015 | The number of registered unemployed fell by 94,727 people in June to 4,120,304 people, the lowest figure in four years, according to official figures released today.

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