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Showing 11 - 20 of 66 results for "Greeks"

Euro - another experiment doomed to fail?

BENJAMIN ONG  |  MONDAY, 29 JUN 2015
... call for a referendum on 5 July for Greek citizens to vote on the austerity measures demanded by 'the institutions' - the Greeks did invent democracy. This means that the a,-1.6 billion due to be paid back the IMF on 30 June wouldn't get repaid until ...

Fedcident waiting to happen?

BENJAMIN ONG  |  FRIDAY, 26 JUN 2015
... hour and into the 13th for the "adults" in the "emergency summit" room continue to disagree to agree. Yes Virginia, the Greeks and the troika have exhausted the third of the three scheduled talks this week and still... nada, nil, zilch. Still, financial ...

Extensions - What the Greeks await and the Russians hate

BENJAMIN ONG  |  THURSDAY, 25 JUN 2015
As Yogi Berra famously quoted, "it ain't over till it's over." Elvis is still in the building. Optimism over a Greek bailout deal has hit a roadblock (again), prompting financial markets to give up some of the gains made over the past few days. But ...

The Fed is Greek too

BENJAMIN ONG  |  WEDNESDAY, 24 JUN 2015
... projections for the benchmark federal funds rate implied two rate rises in 2015..." This is where the Fed finds itself among the Greeks. It's doing a Sissyphus - the Greek king punished to roll a rock up a hill to see it roll back down again and again... ...

The unborn

BENJAMIN ONG  |  FRIDAY, 19 JUN 2015
... creditors, trade partners and shutout from capital markets, to name a few. These ensuing hardships, could in turn, turn the Greeks against Tsipras and this party. As for 'the institutions', they telling everybody and his dog that they are Grexit ready ...

Greece's bundle of debt

BENJAMIN ONG  |  FRIDAY, 5 JUN 2015
... Telegraph', "The decision to bundle the payments to the IMF brings forward a decision that was coming anyway. EU sources say the Greeks cannot meet a fresh deadline for a,-750m next week". "Christine Lagarde, the IMF's managing director, was caught off ...

Breathing space or gasping room?

BENJAMIN ONG  |  MONDAY, 23 FEB 2015
... the reforms and restructuring conditions set out in the 2013 bailout conditions, Tsipras, in the other hand, promised the Greeks no more austerity. Unlike the 2013 episode, Portugal, Ireland, Spain and Italy's bond yields no longer follow the ups and ...

Tsipras has a dream

BENJAMIN ONG  |  TUESDAY, 10 FEB 2015
... same old game of chickens. Tsipras begsA "please sir, may I have some more" money while at the same time promising the Greeks to an end to austerity. No wait, he pledged not only to end austerity but to start being generous as well - by increasing the ...

The art of fighting without fighting

BENJAMIN ONG  |  FRIDAY, 4 APR 2014
... The tenners fell to 3.19% -- the all-time high of 7.59% reached in July 2012 seems absurd now, ain't it? Same with the Greeks. Yields on their 10-year's decreased to 6.13% from - don't know of you still recall - 48.60% back in March 2012. A lotta brave ...

Greece what?

BENJAMIN ONG  |  FRIDAY, 19 JUL 2013
... Greece these days - or not since September last year when Super Mario unveiled his secret weapon - the OMTs. Except for the Greeks, that is. They're still begging for bailout. Earlier this week, the troika - EU, ECB, IMF - dropped a cool a,-6.8 billion ...