-
European Markets In For A Roller-Coaster Weekend
Thursday, January 22, 2015 - 4:12pm | 443The eurozone is primed for a long weekend of volatility as the European Central Bank held its policy meeting earlier Thursday. Three days later, Greece will head to the polls to elect a party into power. Both events are highly charged, as investors wait on pins and needles to see how one of...
-
3 Companies To Watch With Greek Elections In Focus
Friday, January 2, 2015 - 2:29pm | 459January will be a busy month in Greece, where snap elections are set to take place on January 29. The small Eurozone nation has had its share of financial issues throughout the bloc's crisis, but a new bailout program and structural reforms helped get the economy back on track and improved...
-
All Eyes On Eurozone Inflation Data
Monday, March 31, 2014 - 7:51am | 353The euro was under pressure on Monday after hitting a one month low on Friday following unexpectedly low Spanish and German CPI data. The common currency traded at $1.3747 at 4:50 GMT on Friday morning as investors turned their attention to the region's highly anticipated inflation figures, due...
-
Greek Politics Threaten to Tear Down Stronger Euro
Tuesday, June 18, 2013 - 7:26am | 314The euro climbed to a four month high on Tuesday after data showed that German investor sentiment rose for the second month in a row in June. The common currency has remained strong at $1.33 ahead of the US Federal Reserve meeting at which US central bankers are expected to determine whether or not...
-
SAP To Go Greek In Latest Organizational Move
Tuesday, March 26, 2013 - 10:18am | 384German software giant SAP (NYSE: SAP) has announced that the company plans on going Greek. In its latest efforts to reorganize its European operations, Co-CEO Jim Hagemann Snabe announced that SAP is set to move its southern European headquarters to Greece in the latest sign of positive news for...
-
Antonis Samaras Charmed Critics Into Supporters
Monday, December 10, 2012 - 8:00am | 314The euro held steady at 1.29 on Monday morning after Antonis Samaras took a weekend trip to Germany to convince one of his biggest critics that his country was worth saving. After a long and drawn out decision to change the terms of Greece's bailout, many have questioned whether eurozone...
-
Greece Prepares to Vote on Final Austerity Measures
Monday, November 5, 2012 - 8:18am | 334The euro slid to 1.2791 on Monday morning, a marked decline from Friday's price. The euro has been under quite a bit of pressure recently as the region's financial ministers and officials decide how to handle Greece's failure to meet its budget targets. Businessweek reported that Greek Prime...
-
Euro Holds Steady as Greek Problems Placed on Back Burner
Thursday, November 1, 2012 - 7:08am | 301The euro continued to hold near $1.29 on Thursday morning, as little change was seen after Tuesday's teleconference between eurozone finance officials. The teleconference was the first in a series of talks to discuss whether or not to extend conditions for the next installment of Greek aid money...
-
EU's Barroso, Greek PM Samaras Speak After Meeting
Thursday, July 26, 2012 - 1:58pm | 390The Greek Prime Minister Antonis Samaras and Jose Manuel Barroso, the President of European Commission spoke after meeting in Athens today and acknowledged that Greece remains committed to staying in the euro, despite reports that Greece is on the verge of leaving the currency union. Wednesday,...
-
Greece Edges Closer to Default
Wednesday, February 15, 2012 - 1:47pm | 814Whenever Greece takes a step forward in addressing its financial crisis, the country then seems to take two steps back. Greece's chances of avoiding a painful default seem to have taken yet another step back, as Eurozone finance ministers have questioned the country's willingness to commit to...