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DebtCrisis

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It is unlikely Greece will leave euro, and the country will move from crisis to crisis

Jul 02, 2015

It is unlikely Greece will leave euro, and the country will move from crisis to crisis

The euro is as much a political project as it is an economic one. Given this, chances are in the days to come a deal will be hammered out between Greece and the economic troika #IMF #European Union #Euro #European Commission #ECB #Greece debt crisis
Heart of gold: British shoe seller launches crowdfunding project for Greece's debt crisis

Jul 01, 2015

Heart of gold: British shoe seller launches crowdfunding project for Greece's debt crisis

A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment #Greece #Europe #greek debt crisis #Thom Feeney #British shoe-seller #crowdfunding project #IMF debt payment #Greek Bailout Fund
Despite last-minute proposals to creditors, Greece defaults on IMF debt

Jul 01, 2015

Despite last-minute proposals to creditors, Greece defaults on IMF debt

Opinion polls show a majority of Greeks favour holding on to the euro, but the referendum is shaping up to be a close call. #IMF #Christine Lagarde #Greece debt crisis #Greece Default
Greece referendum: PM Alexis Tsipras steadfast on 'no' vote as EU makes last-minute offer

Jun 30, 2015

Greece referendum: PM Alexis Tsipras steadfast on 'no' vote as EU makes last-minute offer

Tsipras would have to send a written acceptance of the version of proposals from the lenders published on Sunday, with a pledge to campaign for them to be accepted in the planned July 5 referendum #European Union #Greek referendum #greek debt crisis #Alexis Tsipras #Grexit
Greece exit won't be comparable to 2008 collapse: Here's how crisis may unfold

Jun 30, 2015

Greece exit won't be comparable to 2008 collapse: Here's how crisis may unfold

Between now and 5 July, Greece remains suspended between collapse and an uncertain rescue #IMF #European Union #Debt crisis #Default #Greece referendum #Grexit
From PIGS to PIS: Here are three lessons to learn from a potential Grexit

Jun 30, 2015

From PIGS to PIS: Here are three lessons to learn from a potential Grexit

An economic union can only be as strong as its weakest link, which means the stronger ones have to display even more commitment to it than the weak. A Grexit will be a testimony not just to Greek failure, but also Germany's #European Union #PIIGS #greek debt crisis #Pigs #Grexit #Erozone
Greece crisis is not a major worry now but it reminds India story should be domestic-driven

Jun 30, 2015

Greece crisis is not a major worry now but it reminds India story should be domestic-driven

If the government begins its promised public investment push in key sectors, the early signs of revival seen in the industrial activities can take firm hold, despite what happens globally #Rupee #Economic growth #Raghuram Rajan #exports #greek debt crisis #Make In India
Greece exit from euro imminent as anti-austerity protests gather momentum

Jun 30, 2015

Greece exit from euro imminent as anti-austerity protests gather momentum

The Economist Intelligence Unit said a "No" vote was more likely, raising the probability of Greece leaving the euro zone to 60 percent #European Union #Euro #Greece debt crisis #Greece referendum #Grexit
Sensex ends down 167 points, after crashing over 600 pts in initial trades

Jun 29, 2015

Sensex ends down 167 points, after crashing over 600 pts in initial trades

Asian indices such as Nikkei, Hang Seng ended nearly 2-3 percent lower, while European gauges such as FTSE, DAX and CAC had crashed around 2-3.6 percent in early trades. #Sensex #Infosys #Bharti Airtel #wipro #nifty #Tata Motors #Sun Pharma #Greece #ONGC #BSE #Maruti Suzuki #BHEL #Debt crisis #MarketClose