Euronext, the pan-European exchange in the Eurozone, just announced trading volumes for January 2017. Here are some of the highlights:…
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Tag: Eurozone
Admiral Markets reduces leverage ahead of Italian constitutional referendum
Here we go again with European geopolitical risk…roughly 6 months after the surprising “Brexit” vote, Italians are ready to make…
Read MoreESMA says “NO” to proposed Greek short selling ban extension
The European Securities and Markets Authority (ESMA) on Monday said it had issued a negative opinion on a proposed extension…
Read MoreIf the UK left the EU, would London’s dominance of Forex decline?
“If the UK left the European Union, London’s dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European capitals,” US investor Jim Rogers, who co-founded the Quantum Fund in 1973 with George Soros, told Reuters.
Read MoreHantec Markets returns to normal margin requirements following Eurozone agreement on Greece
Having doubled its margin requirements in the advent of market uncertainty over the Greek debt crisis, Hantec Markets has now restored the margin requirements to normal
Read MoreHow $12 million a year Goldman Sachs executive helped Greece join Euro despite debt criteria outside Maastricht rules
Educated during the 1970s at Cheltenham Ladies College, one of Britain’s finest schools, Antigone Loudiadis played a leading role in assisting Greece’s entry to the Eurozone at the height of her career, netting Goldman Sachs $500 million by disguising the country’s debts to keep within the EU’s strict Maastrict rules for membership
Read MoreGreek debt may never be repaid as Germany agrees to five year temporary Grexit
A mortgage lender would not extend further credit to a customer with no income, negative equity and three months’ mortgage arrears, yet Greece has made no repayments to its successive bailouts whilst the EU looks at providing a further $89 billion. Germany looks at cutting the losses
Read MoreBreaking: Today’s EU summit on Greece canceled
A summit due to be held today including European Union leaders with regard to the Greek debt crisis has been canceled at the last minute, whilst talks resumed at 9,00am GMT
Read MoreAlexis Tsipras caves in to austerity to cling onto EU membership. Is this a slippery slope?
Alexis Tsipras is looking at desperate austerity measures to keep Greece in the EU. If Greece leaves, the ECB and IMF will never receive any repayments on the 394 billion euro debt owed by Greece, however if it stays, the Greek population will likely go against any austerity measures, and the Syriza party may look for further bailouts from Europe
Read More“The euro is the loser from Greece” – Guest Editorial
“Creditors can either retain their demands for a deal that does not involve debt relief (which won’t be accepted) or cede to the will of the Greek people and renege on their ‘red line’ that has been in place since the start of current negotiations” – Simon Smith, Chief Economist, FxPro
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