[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks recovered from early losses but closed slightly lower as Treasury yields and oil prices jumped. Investors remained uneasy as negotiations on Greece’s bailout plan continued. It seems that investors are still keeping a fixed eye on developments in debt-plagued Greece, which faces a Friday deadline for paying the IMF 300 million …
One Man’s Opinion: Do Greek Banks Face An Immediate Cash Crunch?
The Germans and the Greeks seem to have made some progress on semantics in the ongoing debt negotiations, said Gilles Moec, Chief European Economist at the Bank of America Merrill Lynch. They have started to discuss the technicalities of the Greece debt-problem, which is a huge achievement. They have still not agreed on the principles – the Greeks are insisting …
Greece May Exit Eurozone By October, Says One Analyst
Greece goes to the polls on June 17, which many see as a referendum on the single currency. The previous election failed to generate a consensus as people rejected austerity measures and there was a fractured mandate, necessitating another round of elections. Citigroup says Athens will leave the EZ in January. However, Paul Krake, the founder of View from the …