7 June, 2015 by The TZ Newswire Staff Comments Off on Top clicks this week on Abnormal Returns
Top clicks this week on Abnormal Returns
Top clicks this week on the site
7 June, 2015 by The TZ Newswire Staff Comments Off on EU Parliament president warns Athens of dramatic consequences if talks fail
EU Parliament president warns Athens of dramatic consequences if talks fail
European Parliament President Martin Schulz urged Greece in a newspaper interview to accept a proposal by its international lenders for a cash-for-reforms deal, warning Athens that failing to reach an agreement would have “dramatic” consequences. The European Union is willing to compromise with the Greek government, Schulz told German newspaper Welt am Sonntag in an interview published on Sunday, adding that the lenders had already made concessions in the debt negotiations.
7 June, 2015 by The TZ Newswire Staff Comments Off on Pick-up continues as Greek drama plays on
Pick-up continues as Greek drama plays on
Economic indicators are this week expected to show signs of continued, if modest, progress in much of the world — all of which could be blown off course if the standoff between Greece and its lenders leads to a rupture in the euro zone. The currency bloc has been a millstone around the neck of the world economy since the financial crisis began and the ongoing drama surrounding Greece and its ability to repay its debts has added to that burden. Athens delayed a key debt payment to the International Monetary Fund on Friday, branding as “absurd” the terms of a proposed aid deal from lenders.