 Greece Approved for EU3.2 Bln IMF Loan Payment Bloomberg Greece's commitments for securing the loan are “delivering important results,” IMF Managing Director Christine Lagarde said in a statement today in Washington. Still, “a durable fiscal adjustment is needed, lest the deficit get entrenched at an ... See all stories on this topic » | ||
ECB's Bini Smaghi Says Private-Sector Greek Deal May Be Costly San Francisco Chronicle Greece secured a 110 billion-euro ($157 billion) bailout package in May 2010, seven months after the country raised its budget-deficit estimate to almost 13 percent of gross domestic product, three times higher than earlier forecast and four times the ... See all stories on this topic » | ||
Morning MarketBeat: June Jobs News, Still More Greece Wall Street Journal (blog) Greece will be the main subject when the IMF meets today. Also, Portugal looks increasingly shaky, with some investors speculating it could require a second rescue, much like Greece. In addition, China continues to tighten monetary policy in a bid to ... See all stories on this topic » | ||
Greece's March Construction Activity Declines 44% Year-on-Year Bloomberg ... the agency said today in an e-mailed statement. Building slowed most in the western Macedoniaregion of northern Greece and in the southern region of Peloponnisos. In Athens and its metropolitan area, construction dropped almost 40 percent. ... See all stories on this topic » | ||
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Handelsblatt: Private sector contribution to Greece only EUR 15 bln ForexLive (blog) Despite assurances that Italian banks have passed their stress tests, shares in the banks are being hard hit today, a drag on the euro. Tough to find a “clean” market to trade today. USD/CHF might be your best bet now that the market is much less short ... See all stories on this topic » | ||
China Inflation Surging to Fastest in 3 Years Weakens Case for Rate Pause Bloomberg An unexpected increase in US unemployment and a threatened default by Greece have underscored the world's reliance on China, the fastest-growing major economy. “The need to control domestic inflation has complicated the Chinese government's attempts to ... See all stories on this topic » |
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