By Eirini Tsekeridou, Fixed Income analyst at Julius Baer Everything and everyone is on hold. All involved parties are now waiting for the outcome of the referendum before making any further decisions regarding Greece. The Greek government’s stance is not facilitating any reaction of creditors in Greece’s favour. After Greece (Sell/Speculative) missed the payment to […]
Christine Lagarde (pictured), head of the International Monetary Fund (IMF) has confirmed today that she is placed under official investigation for suspicion of negligence in a French corruption probe. In 2008, Lagarde decided to allow arbitration to settle a dispute between businessman Bernard Tapie and the former state-owned bank credit Lyonnais, which resulted in a […]
The International Monetary Fund (IMF) has completed its fifth review of Greece’s economic performance and approved the immediate disbursement of SDR1.9bn (about €2.2bn) in financial aid. This brings total IMF financing under a stand-by programme for Greece to about €20.3bn.
Germany’s economy minister Philipp Roesler has written in a German newspaper this morning that Berlin is effectively prepared for any orderly default by Greece, saying there could “no longer be any taboos” in discussing stabilising the shared currency.