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Trump, EU Agree On Concessions To Avoid Trade War
Wednesday, July 25, 2018 - 5:30pm | 477The markets spiked higher Wednesday afternoon on news of President Donald Trump’s meeting with European Commission President Jean-Claude Juncker over trade negotiations. Trump and Juncker have launched a new phase to work toward zero tariffs and zero subsidies on non-auto industrial goods....
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Trump: 'Trade Wars Are Good And Easy To Win'
Friday, March 2, 2018 - 10:41am | 929The markets slid sharply Thursday after President Donald Trump announced he would impose 25-percent steel tariffs and 10-percent aluminum tariffs as early as next week. Amid backlash from economists, national security experts and foreign leaders, Trump defended his position on Twitter. “When...
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Tsipras Calls Greek Bailout A 'Growth Package'
Monday, July 13, 2015 - 8:06am | 328Greece just got its third life as Eurozone leaders offered the country another bailout agreement following a weeks-long saga. European Commission Chief Jean-Claude Juncker said unequivocally that, "There will not be a ‘Grexit.'" Greek Prime Minister Alexis Tsipras framed the...
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One Step Closer To A Grexit?
Wednesday, July 8, 2015 - 2:35pm | 413Barclays analyst François Cabau believes that Tuesday's Euro Summit represented "one more step toward Grexit." He explained that no agreement was reached during the meeting, with the Greek position already having been weakened after Sunday's referendum vote. According to Cabau, eurozone leaders...
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Fund Managers Double Down On Greek Crisis
Friday, June 26, 2015 - 1:11pm | 430Despite the fact that Greece and its creditors are dragging the nation's debt negotiations into the weekend, some fund managers say they are moving money into Europe in hopes of a big return. With Athens scheduled to repay its International Monetary Fund loan in just a few days, many worry that...
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Will Greece And The Euro Finally Reach A Deal?
Monday, June 22, 2015 - 2:42pm | 484Could there finally be a light at the end of the tunnel? Signs are pointing toward the increasing likelihood of a deal between Greece and its eurozone creditors. Greek Prime Minister Alexis Tsipras met with the heads of the Troika – the European Commission, European Central Bank and...
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Cypriot Bailout Hangs Over the Euro
Friday, March 15, 2013 - 7:19am | 266The euro traded steadily at $1.30 as eurozone finance ministers met in Brussles to discuss Cyprus' bailout terms. The tiny island nation's debt has created a great deal of doubt for the region, but the terms of its deal are expected to be nearly completed and announced following the summit. The...
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Dutch Finance Minister Jeroen Dijsselbloem Elected Eurogroup Chair, Raising North-South Tensions
Tuesday, January 22, 2013 - 1:26pm | 455Dutch Finance Minister Jeroen Dijsselbloem this morning was formally elected to the position of president of the Eurogroup and is tasked with succeeding outgoing Chief Jean-Claude Juncker, the Prime Minister of Luxembourg, in the key crisis fighting role. The election came with great contest from...
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Euro Steady Ahead of Tuesday's Greek Aid Decision
Monday, November 19, 2012 - 8:11am | 353The euro held steady near $1.27 on Monday morning as investors waited to hear the final outcome of an EU finance ministers' meeting to discuss the next Greek aid package. With 17 countries represented plus IMF Director Christine Lagarde, there is potential for quite a bit of disagreement. Lagarde...
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European Union Hands $123 Billion Over to Spanish Banks
Tuesday, July 10, 2012 - 9:07am | 365According to Bloomberg, European governments are aiming to hand over as much as $123 billion in emergency loans in order to stabilize Spanish banks. In addition, the costs may be moved from the Spanish government's balance sheet in order to shield the country from the debt crisis. Spain's...
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US Dollar Moves Higher, Breaks Trend
Friday, February 3, 2012 - 10:42am | 470Since the financial crisis of 2008, the US dollar has traded on fundamentals far removed from traditional forex trading expectations. Now, with signs of economic turnaround, the dollar may be returning to trade in-line with traditional patterns. On Friday, Nonfarm payrolls for the month of January...
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Trading the Greek Debt Deal
Thursday, February 2, 2012 - 11:12am | 581Early Thursday, the US dollar gained marginally against the euro, with the EUR/USD pair dropping about 0.40% in early trading. Comments from Jean-Claude Juncker—the President of the Eurozone—may have been the catalyst that sent the euro trading lower. Juncker characterized the ongoing...
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Arrivederci, Roma
Wednesday, August 3, 2011 - 11:15am | 725What was a great song by Dean Martin now looks like a living hell for the financial markets. There are fears that Italy is the next shoe to drop and it looks like it is getting worse by the day. Art Cashin just went on CNBC and said that Italy could be "too big to be bailed out," not even Germany...
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Juncker: Euro Overvalued
Tuesday, June 7, 2011 - 9:12am | 393As a German official questioned a second Greek bailout on Monday, the EUR/USD slips but still holds near its 1-month high. This week, the European Central Bank (ECB) will release its policy decision, which is likely to have a heavy influence on EUR/USD. The euro steepened its decline after Jean-...
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European Officials Want Your Help
Monday, June 6, 2011 - 3:36pm | 65As Greece continues to struggle with its debt, European officials have been looking for a way to help the embattled country, and may now be looking towards private creditors to help the country out. Jean-Claude Juncker said today, "we are working on a formula that would not lead to a negative...