|
||||||
    |
Greek President Carolos Papoulias says the nation’s people have given all they have to drag the country out of its crippling economic crisis, and voiced hope it will end soon. Papoulias says recovery from the crisis, which has made the heavily indebted country dependent on international aid for two years, has to come ‘soon, because you cannot ask more from these people who have given everything’. The president nonetheless expressed his optimism [...] Ahead of the next Greek election, it seems pretty clear that ‘core’ Europe has one message for Greece.
This is from the latest note from Jefferies’ David Zervos: And that takes us squarely to Mr Tsipras, SYRIZA, the MoU/MoB and the Greek election. It will be very easy for Merkel and company up north to lay out a case for an ELA shut down for the BoG if the MoU is discarded [...] From Bloomberg: Greek President Karolos Papoulias was told by the nation’s central bank chief that financial institutions are worried about their survival as Greeks pull out euros amid a deepening political crisis. Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and the situation could worsen, according to the transcript of the president’s meeting with party leaders on May 14 that was published yesterday. “Provopoulos [...] Source: UBS Financial Markets Greek ATM Lines And Expiration Bluffing Send Stocks South – Tuesday’s trading turned strange even before the market had opened in New York. An oversold condition and decent data at 8:30 had U.S. futures bubbling on the upside early on. Suddenly, around 9:00 EDT, lightening seemed to strike. Futures tanked and European markets went into a freefall. “What just happened” was the cry that echoed across the floor. The trigger was the [...] by GoldCore Gold’s London AM fix this morning was USD 1,537.50, EUR 1,208.73, and GBP 966.31 per ounce. Yesterday’s AM fix was USD 1,559.00, EUR 1,213.61 and GBP 969.95 per ounce. Silver is trading at $27.33/oz, €21.59/oz and £17.24/oz. Platinum is trading at $1,427.50/oz, palladium at $592.60/oz and rhodium at $1,300/oz. Gold fell $16.30 or 1.05% in New York yesterday and closed at $1,542.30/oz. Gold traded off in Asia hitting a low of $1,526.80/oz [...] Greece will hold fresh elections on 17 June and a judge has been appointed to head an interim government. Council of State president Panagiotis Pikramenos will head the caretaker government until the election. The election date was announced after party leaders met Greek President Karolos Papoulias on Wednesday. Final talks to form a coalition failed on Tuesday, raising new concerns over Greece’s eurozone future. No party won a majority in the 6 [...] The Greek state will find it difficult to cover its payment needs in June, Ta Nea said citing Prime Minister Lucas Papademos in a letter given to Greek President Karolos Papoulias. The withholding of 1 billion euros ($1.3 billion) from the May loan tranche from the European Union, the European Central Bank and the International Monetary Fund and May 6 elections stalling the tax collection process are putting pressure on the state’s coffers the Athens-based newspaper reported, [...] Greece’s possible exit from the euro area moved to the center of Europe’s debt-crisis debate, with officials beginning to weigh the fallout of a withdrawal even as authorities in Athens struggled to form a government. Meetings brokered by Greek President Karolos Papoulias are set to continue today after Syriza, the largest anti-bailout party, rejected a unity government following last week’s inconclusive elections. The country where the 2 1/2-year-old crisis began moved [...] RT.com The chorus of anti-austerity voices grows louder in Greece as Athens scrambles to form a coalition government. While eurocrats prepare to give Greece the boot, political analyst Alessandro Politi told RT speculators are Europe’s real enemy. Greek President Karolos Papoulias has called on the leaders of the country’s three biggest parties in a last ditch effort to avoid new elections. With the Left Coalition SYRIZA party insisting that it will not [...] Greek President Karolos Papoulias has begun talks with party leaders in a last attempt to form a coalition and avert another election. Leaders of the three main parties – New Democracy, Syriza and Pasok – held a 90-minute meeting with the president and left without commenting. Mr Papoulias will now start negotiations with smaller parties. The parties are deeply divided over the EU-IMF bailout and the austerity measures demanded by lenders. Voters deserted [...] * Parties dig their heels over austerity * Radical left seen gaining if new poll held By Karolina Tagaris and Ingrid Melander ATHENS, May 13 (Reuters) – Greece’s president will meet party leaders on Sunday in a final bid to cobble together a coalition and avert a repeat election, but the veteran politician’s effort looked set to fail because of deep splits over an EU/IMF rescue plan. Voters enraged with austerity are likely to [...] RT The chorus of anti-austerity voices grows louder in Greece as Athens scrambles to form a coalition government. While eurocrats prepare to give Greece the boot, political analyst Alessandro Politi told RT speculators are Europe’s real enemy. Greek President Karolos Papoulias has called on the leaders of the country’s three biggest parties in a last ditch effort to avoid new elections. With the Left Coalition SYRIZA party insisting that it will not [...] Below is the letter that the man who will most likely be Greece’s next premier sent out earlier today to “the European leadership” including Jean-Claude “I only lie when it is reeeeeealy important” Juncker, and Gollum Van Vompuy. According to local, pro-bailout Greek media, the tone is far more conciliatory than his remarks from the past few days. Well, it must be google-translated Greek to us, because we sure don’t [...] Greece’s government is still up in the air in the aftermath of yesterday’s elections.
The conservative party New Democracy announced earlier today that it will not be able to form a coalition government that would allow Greece to form a new government. This means that only a handful of options are now available for the struggling country: From FT:
The battle of wills between Athens and its eurozone lenders has intensified, with Greece’s finance minister accusing “forces in Europe” of pushing his country out of the euro while his German counterpart suggested postponing Greek elections and installing a new government without political parties. The tongue-lashing by Evangelos Venizelos, who is expected to stand in April elections as leader of the centre-left Pasok party, came as his government scrambled to [...] Instead of defaulting a long time ago (when we first suggested it should) when it could have pulled an Iceland, taken a bitter pill, hyperinflated the drachma and in the process delevered overnight, if at a big social cost of losing its welfare safety net (which it is about to lose anyway courtesy of the PSI and OSI), and not be held captive to bigger geopolitical interests, and hostage to the banker superclass, Greece [...] TOP NEWS ATHENS, Dec 5 (Reuters) – U.S. Vice President Joe Biden joked during a visit to debt-choked Athens on Monday about bringing money to help Greece out of its deepest financial crisis in decades. Introducing a member of his delegation during a meeting with Greek President Karolos Papoulias, Biden said: “This man represents the Treasury department. He’s [...] Greek President Karolos Papoulias called a meeting with political party leaders for today, after squabbling over the next premier pushed unity government aims into disarray and undermined the bid to secure bailout funds needed to prevent a financial collapse. Prime Minister George Papandreou met with Papoulias in Athens yesterday to resign as criticism grew over delays in naming a new prime minister. Papandreou attended the meeting with Antonis Samaras, leader of the [...] by ZH Here is the latest installment in the tragicomedic drama that just. won’t. end PAPANDREOU TO STEP ASIDE AS PRIME MINISTER; NEW PREMIER MONDAY Lastly, why decide today, what you can put off until indefinitely: GREEK PRESIDENT TO CHAIR MEETING OF PARTY LEADERS TOMORROW Most likely the outcome will be that predicted by To Vima hours ago, with PASOK’s [...] by ZH It appears we may have hit a modest coalligned snag: GREEK MAIN OPPOSITION LEADER SAMARAS REPEATS CALL FOR ELECTIONS SAMARAS SAYS PAPANDREOU REFERENDUM GAMBIT BLOCKED 6TH TRANCHE SAMARAS SAYS ASKED FOR TRANSITIONAL GOVERNMENT SAMARAS SAYS ASKED FOR PAPANDREOU TO STEP DOWN GREEK PRESIDENT TO SEE GREEK MAIN OPPOSITION LEADER TOMORROW So according to Europe a cabinet between the socialists and the right wing populist LAOS (to be politically correct) [...] Greek Prime Minister George Papandreou is expected to offer his resignation within the next half-hour, sources in Athens have told the BBC. Mr Papandreou will meet Greek President Karolos Papoulios immediately after an emergency cabinet meeting has finished. He is expected to offer a coalition government, with former Greek central banker Lucas Papademos at the helm. Mr Papandreou himself would stand down, the BBC understands. The Greek government was on the verge of [...] by ZH Per assorted tweets from the country that is only second (but certainly not last) in experiencing first hand the Genocidal one’s monetary policies, the Egyptian government has now effectively shut down the internet, text messaging and possibly land lines -link. This includes Facebook and Twitter. Ironically this act of desperation in Egypt which seeks to prevent the ongoing televising of the revolution, would [...] Greece is used as the bandwagon to collapse the Euro currency in order for Germany and France to reemerge competitively in the international markets. What happened yesterday between GR, EU and IMF was NOTHING. They did not reach any agreement on how to ease on the massive 350+ billion euros Greek deficit which increases daily. They met because a large pack of 30yr old bonds that matured need immediate payment by next [...] |
Custom Search
|
||||
|
Copyright © 2013 InvestmentWatch - All Rights Reserved |
||||||
