Sindhu Vasavi Srinivasan

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Europe

Out of tune IMF – Greece needs breathing space not asphyxiation

UNI criticizes IMF negative reaction to EU-Greece agreement<p>UNI Global Union says the IMF is out of tune with its negative attitude to the agreement …

Europe

Greece and the eurogroup: capitulation or breaching austerity's dam?

Greeks rally in support of their new government's negotiating stance. Giannis Papanikos/Demotix. All rights reserved.As eurozone parliaments vote on …

Greek debt crisis: German MPs back bailout extension

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/world/1148000/1148600_h264_1500k.mp4?__gda__=1522319883_2cff352b8a74404e761b64ef24975f91<p><b>The German parliament has voted to extend financial aid to Greece by another four months.</b><p>The extension - approved by creditors last week in exchange …

Europe

Warning: Greek drama is far from over

Hold that sigh of relief, Greece is not safe yet.<p>Greece depends entirely on international support and its creditors are not too impressed. Mario Draghi, the European Central Bank's president, revealed Thursday that its loans to Greece had more than doubled over the last month or two -- to about …

Europe

Why The Euro Crisis Is A Crisis Of Sovereignty

270 Shares<p>Joschka Fischer<p>In the last two weeks, the two crises confronting Europe – in Ukraine and Greece – both escalated. In each case, Germany and …

The Origins of the Eurozone Monetary Policy Crisis

I made the case in my last post that the Eurozone crisis was largely a monetary policy crisis. That is, had the ECB lowered interest rates sooner and …

Greece: breaking illusions

A recent poll conducted by the University of Macedonia found that 56% of those Greeks asked believed the Greek bailout extension had been a success …

Greece eyes last central bank funds to avert IMF default

Syriza is not interested in emergency EMU funding if it means kowtowing to Troika demands<p>Greece is preparing to tap its final pension reserves at the country’s central bank if needed to avert a devastating default to the International Monetary Fund and keep the government going over the next two …

Europe

Why Greece caved, in two simple charts

Anyone still wondering why the new Greek government went into negotiations with the Eurozone like Vin Diesel and came out like PeeWee Herman?<p>Or why …

Europe

Greece's economy is tanking again and the new government is cracking

A big chunk central committee of Syriza, the radical left-wing party that won January's elections, now wants a more hardline stance than the one the government is currently taking.<p>Here's Greek news website Times of Change:<p>Members of the hardline 'Left Platform' within SYRIZA made plain their …

Europe
Europe

Greece’s Bailout Extension No Panacea for Bond Market

One week after euro-area finance ministers agreed to extend Greece’s bailout, prices of the nation’s government bonds showed no sign of moving above …

Europe

Rumours of third Greek bailout grow

Theresa May: We will keep net immigration target<p>In an interview with the Times, Home Secretary Theresa May has suggested that a future Conservative …

fastFT

April 12, 2018<p>Bitcoin rallied on Thursday to its highest level in two weeks, bringing the most actively traded cryptocurrency back above the $7,500 …

Stock Markets

AP Interview: Greece's repayments to ECB need discussion

ATHENS, Greece (AP) — Greece will prioritize debt repayments to the International Monetary Fund, some of which come due in March, but repayments to the European Central Bank are "in a different league" and will need discussion with Greece's creditors, the country's finance minister said Saturday.<p>In …

Europe
Europe

Greece won't seek 3rd bailout, PM Alexis Tsipras says

Greek bailout, which was set to expire Saturday, extended for 4 months<p>Greek Prime Minister Alexis Tsipras denied on Friday that his country would …

Europe

Greece will not seek another bailout, prime minister says

ATHENS, Greece (AP) -- Greece's conservative opposition leader says his party will not be bound by the terms of a post-bailout agreement being negotiated between the government and international creditors, arguing he would implement more aggressive cost cuts.<p>Kyriakos Mitsotakis made the remarks …

Europe

Greece is negotiating a third bailout of up to €50 billion

That's the first we've heard about the details of a potential third bailout since the Eurogroup (all of Europe's finance ministers) made a deal with Greece on February 20 which will keep the country funded for four months.<p>Reuters reports that "more flexible conditions" will be part of the plan, …

Europe
Europe

If Greeks did this, the terrible crisis would be over

The Greeks trust their already bailed-out but still putrefying banks as far as they can throw them. To keep them from toppling, the ECB is propping them up via the Emergency Liquidity Assistance (ELA) program, providing many billions in cash so that Greeks can continue to yank their own money out …

Europe
Europe

Why Greece Should Not Switch To Bitcoin

<b>Editor’s note:</b> <i>Wences Casares is the founder and CEO of Xapo.</i><p>In some discussions about Greece exiting the euro, it has been suggested that Greece should swap the euro for bitcoin. At first glance, bitcoin may appear to be the cure. But if the euro is the problem, switching to Bitcoin would be like …

Bitcoin

Despite Greece, euro zone is turning the corner | Reuters

LONDON (Reuters) - The latest episode of Greece’s debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe’s main financial center and a hotbed of Euroskepticism.<p>A Greek (L) and a European flag flutter outside the Greek embassy in Brussels …

Europe

Greece: Greenspan predicts exit from euro inevitable

<b>The former head of the US central bank, Alan Greenspan, has predicted that Greece will have to leave the eurozone.</b><p>He told the BBC he could not see who would be willing to put up more loans to bolster Greece's struggling economy.<p>Greece wants to re-negotiate its bailout, but Mr Greenspan said "I …

Europe
Europe

Greece seeks negotiations on ECB bond repayment

Finance Minister Yanis Varoufakis said Athens should negotiate with the ECB on 6.7 billion euros ($7.5 billion) in Greek government bonds held by the Frankfurt-based bank that mature in July and August.<p>Varoufakis did not say what he hoped to achieve in any talks, but he accused the ECB of making a …

Europe