As expected the eurozone’s finance ministers – the Eurogroup – did not come to an agreement with Athens yesterday. But the signals sent out after the Eurogroup’s meeting were positive. Athens have made sufficient concessions for further discussions over the next days that might end in a deal was the verdict of the Dutch chairman […]
The European equity markets have been having a ripping year so far and the S&P Europe 350 added a further 6.9% during February, bringing the year-to-date return to 14.7%, Tim Edwards, Senior Director, Index Investment Strategy, S&P Dow Jones Indices revealed. “While the rolling news channels occupied themselves with the admittedly engrossing (and moderately successful) negotiations […]
For Eric Chaney, head of Research at AXA Investment Managers, the Greek saga is not ending. Today, the Greek government has sent a letter detailing the structural reforms it intends to undertake to the members of the Eurogroup. The Eurogroup and the institutions involved in the bailout of Greece (formerly named the Troika) have reviewed […]
A ruling by Portugal’s Constitutional Court has stripped away €1.3bn in austerity measures it said were illegal, posing a headache for the government’s efforts to get control over its finances.
Ruth Lea, economic adviser to the Arbuthnot Banking Group, sees Cyprus continuing to play the role of a thorn in the Eurogroup’s side, amid ongoing concerns over the pace of eurozone economic recovery.
International Monetary Fund managing director Christine Lagarde has said that cash is not the only way the the organisation can contribute to cleaning up Europe’s financial crisis
José Manuel Barroso, president of the EC, Herman Van Rompuy, president of the European Council, and Thomas Weiser, president of the Euro Working Group, outline the agreement struck at the EU summit overnight.