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Greek finance minister quits to smooth talks after 'No' vote

Jul 06, 2015

Greek finance minister quits to smooth talks after 'No' vote

In a parting blog post celebrating the Greek 'Oxi' ('No') vote, Varoufakis said Greeks had taught Europe a lesson in democracy and should now demand better financial rescue terms. #NewsTracker #JP Morgan #Angela Merkel #Citi #European Central Bank #Barclays #Franois Hollande #Alexis Tsipras #Grexit #Yanis Varoufakis #Euclid Tsakalotos
No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

Jul 02, 2015

No point in retaining Greece: Allow it to exit euro for quicker resolution of mess

The question that Alexis Tspiras government will have to ask itself is after exiting the euro whether it can actually go slow on austerity and keep spending more drachmas, where there are no corresponding goods being produced. #Economy #IMF #InMyOpinion #European Central Bank #Grexit #Alexis Tspiras
ECB rejected Greek funding line request for extra 6 bn: sources

Jun 29, 2015

ECB rejected Greek funding line request for extra 6 bn: sources

Concerned at the withdrawals, the Bank of Greece asked the ECB's Governing Council to add an extra 6 billion to an 89-billion-euro emergency credit line on Sunday, to cover the expected shortfall of cash. #Economy #NewsTracker #Greece #European Central Bank #Mario Draghi #Bank of Greece #Alexis Tsipras
Global stocks go for a tumble after Greece closes banks

Jun 29, 2015

Global stocks go for a tumble after Greece closes banks

The ECB is committed to buying 60 billion a month in bonds to push down interest rates and help economies that use the euro. #Economy #Greece #Credit Suisse #International Monetary Fund #Euro #markets #European Central Bank #MarketClose #Alexis Tsipras #Athens Stock Exchange
Grexit: There is a good reason why the world's going nuts over Greece

Jun 29, 2015

Grexit: There is a good reason why the world's going nuts over Greece

The bailout money helps keep the Greek economy going and at the same time helps repay the debt that is falling due. #Economy #Greece #ConnectTheDots #International Monetary Fund #euro zone #European Central Bank #European Commission #Alexis Tsipras #Grexit
Photos: FEMEN crash European Central Bank President Mario Draghi

Apr 16, 2015

Photos: FEMEN crash European Central Bank President Mario Draghi

The European Central Bank's news conference was briefly interrupted when a young woman from FEMEN charged at ECB chief Mario Draghi calling for an "end to the ECB dictatorship". She jumped onto the podium where Draghi was seated but was quickly apprehended and escorted out of the premises before the news conference resumed. #European Central Bank #ImagesOfTheDay #ECB #Frankfurt #Mario Draghi #Femen
Decoding govt bonds: How borrowers are paying interest to themselves on their debt

Apr 13, 2015

Decoding govt bonds: How borrowers are paying interest to themselves on their debt

The total government debt all around the world had stood at $33 trillion as of 2007. It has since jumped to $58 trillion, a jump of $25 trillion, at the rate of 9.3 percent per year. #Economy #GDP #InMyOpinion #European Central Bank #Government bonds #John Truman Wolfe
How low inflation averted an imminent US Fed interest rate hike

Mar 19, 2015

How low inflation averted an imminent US Fed interest rate hike

First and foremost is the fact that inflation in the United States is well below the Federal Reserve's preferred target of 2 percent. #Economy #Inflation #Interest rate #InMyOpinion #Federal Reserve #European Central Bank #Bank of Japan #Federal Open Market Committee #Janet Yellen #William McChesney Martin