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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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Eurozone Fractures Grow As Tension Between Athens And EU Simmers
Monday, February 2, 2015 - 2:34pm | 340Talks between Greek policymakers and EU officials last week were fruitless as the two sides were unable to come to an agreement regarding the Athens’ bailout terms. Since the Syriza party took office last week, Greece has seen several previous bailout agreements reversed, something the...
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Welcome Back to the European Debt Crisis
Wednesday, July 3, 2013 - 10:59am | 850Greece's government is failing to make the cuts to get its next bailout payment. A key Italian politician faces jail time for having sex with and refusing to pay an underage prostitute. Portugal's government is on the verge of collapsing, risking the sustainability of its bailout reforms. And...
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New Banking Stress Tests Could Put Eurozone Closer to Unified Banking System
Wednesday, May 8, 2013 - 7:22am | 411The eurozone took a step toward unifying its banking system on Tuesday as Jeroen Dijsselbloem, Dutch finance minister and President of the Eurogroup, discussed a new round of stress tests which would evaluate the current state of the region's banks before they are linked. The Wall Street Journal...
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Weekly Preview: Non-Farm Payrolls, Global Central Banks in Focus
Friday, March 29, 2013 - 2:44pm | 937Next week, investors eyes will be on the economy as well as some key company earnings as markets attempt to continue to make new highs. In the past week, the S&P 500 Index breached its previous closing high of 1,565.40. Investors now look to economic indicators as to the next move for markets...
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Brent Steady Above $108 As Relief From Cyprus Deal Fades
Tuesday, March 26, 2013 - 6:48am | 271Brent crude oil traded steadily at $108.12 at 7:12 GMT on Tuesday morning after the Cyprus bailout deal averted an immediate financial crisis, but caused uncertainty about its potential to set a precedent for future banking restructures. The last minute agreement between Cypriot officials and the...
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Benzinga Market Primer: Tuesday, March 26
Tuesday, March 26, 2013 - 6:19am | 829Futures Slightly Higher Despite Euro Fears U.S. equity futures were slightly higher in early pre-market trade despite fears emanating from the eurozone over a new bailout template laid out by Cyprus. Comments from Eurogroup Finance Minister Jeroen Dijsselbloem sent markets lower Monday after he...
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Eurogroup Finance Minister Jeroen Dijsselbloem Drops a Bomb On Markets
Monday, March 25, 2013 - 1:03pm | 659Just as investors globally thought that Europe could save itself from itself, it turns out that leaders in the continent are also very good at digging themselves a deeper hole. This time, it was comments from Eurogroup Finance Minister Jeroen Dijsselbloem that sent markets lower. Speaking after...
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Uncertain Cyprus Bailout Drags Euro Below $1.30
Thursday, March 14, 2013 - 7:07am | 251The euro slid below $1.30 on Thursday morning ahead of the EU summit in Brussels on Friday. Eurozone leaders are expected to discuss the terms of Cyprus' bailout, something that has been hanging over the euro for weeks. Ahead of the meeting, analysts expect the tiny island nation to request...
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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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Dijsselbloem Replaces Juncker as Eurogroup Chair
Tuesday, January 22, 2013 - 8:28am | 270The euro remained strong on Tuesday morning after investors sized up the newest chairman of the Eurogroup Monday afternoon. The common currency traded at 1.3362. Dutch Finance Minister Jeroen Dijsselbloem became the new chairman of the 17 eurozone finance ministers on Monday after being elected by...