Greece's Varoufakis: I will resign if there's a 'Yes' vote Jul 2, 2015 09:46AM

Greek Finance Minister Yanis Varoufakis told Bloomberg Television's Guy Johnson that he’ll quit if Greece votes to accept creditors’ bailout proposals in Sunday’s referendum.Johnson directly asked him "If there's a yes vote come Monday night, you will not be Finance Minister" and Varaufakis responded: "I will not."

Varoufakis also said that he would "prefer to cut my arm off" than sign a deal that fails to restructure Greece's debt.


JOHNSON: Will the... (continue reading...)

S&P Report Says Financial Contagion Risk Of A Grexit Should Be Containable Jul 2, 2015 07:46AM

The financial contagion risk of a potential Grexit should be containable, but it could trigger longer-term consequences that are difficult to foresee, says Standard & Poor's Ratings Services in a new report: "The Credit Impact Of A Grexit." Standard & Poor's now believes the probability that Greece will exit the eurozone has increased to about 50%, following the Greek government's decision over the weekend to reject official creditors' loan proposals and instead... (continue reading...)

Greek president cancels planned trip to Berlin on Tuesday: source Jul 2, 2015 07:19AM

ATHENS (Reuters) - Greek President Prokopis Pavlopoulos has canceled a trip to Berlin planned for Tuesday, which will come two days after a referendum on an international bailout, a person with knowledge of the issue said on Thursday.

As head of state, Pavlopoulos would be responsible for overseeing a change of government in the event that Prime Minister Alexis Tsipras were to resign following the referendum, which is widely seen as a vote on the future of Greece in... (continue reading...)

Former Greek PM appeals to Greeks to vote 'yes' on Sunday Jul 2, 2015 07:12AM

ATHENS (Reuters) - Former conservative Greek Prime Minister Costas Karamanlis urged Greeks to vote in favor of a bailout offer from creditors during Sunday's referendum, in a rare public address to the nation since losing elections in 2009.

Karamanlis has stayed out of the spotlight since then but his name has reappeared in recent days in some Greek media as a potential leader of an interim government in case Prime Minister Alexis Tsipras were to resign if a "yes" vote... (continue reading...)

Moody's Downgrades Greece to 'Caa3'; May be Cut Further (GREK) (NBG) Jul 1, 2015 04:44PM

(Updated - July 1, 2015 4:44 PM EDT)

Moody's Investors Service has today downgraded Greece's government bond rating to Caa3 from Caa2 and placed the rating on review for further downgrade. The short-term rating is unaffected by this rating action and remains Not Prime (NP). Moody's government bond rating applies to privately-held debt only.

The key driver for today's rating action is Moody's view that the probability of support continuing to be provided over the... (continue reading...)

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Jul 1, 2015 04:32PM Greek Poll Shows Voters Favor 'Yes' Vote
Jul 1, 2015 02:35PM ECB said to keep Greek emergency liquidity ceiling unchanged - Bloomberg (GREK)
Jul 1, 2015 01:59PM Dijsselbloem Says Sees No Ground For Further Greece Talks - Bloomberg
Jul 1, 2015 10:34AM Tsipras calls for 'no' vote on July 5th referendum - Bloomberg (GREK) (NBG)
Jul 1, 2015 07:26AM No talks on new Greek bailout before referendum: Merkel
Jun 30, 2015 02:06PM Fed's Fischer Says Economy Likely Warrants Rate Hikes (SPY) (UUP)
Jun 30, 2015 01:41PM Greece May Suspend Referendum if Talks Resume - Bloomberg Citing Times of Malta
Jun 30, 2015 12:28PM Merkel says no new Greece negotiations before referendum - Bloomberg(GREK)
Jun 30, 2015 11:58AM UPDATE: Greece Requests Bailout Extension to Avert Default - Official Document (GREK) (NBG)
Jun 30, 2015 10:43AM Eurogroup to Hold Teleconference on Greek Request
Jun 30, 2015 09:42AM UPDATE: Greece Said to Request Two-Year Bailout Program From ESM (GREK) (NBG)
Jun 30, 2015 09:25AM Disjsselbloem Cancels TV Interview Due to Urgent Obligations - Bloomberg
Jun 30, 2015 08:01AM Schaeuble said to see Greece staying in Euro even in 'No' vote - Bloomberg
Jun 29, 2015 03:25PM Greek PM Tsipras Says Greece Will Survive Even Without Bailout Program
Jun 29, 2015 02:25PM UPDATE: S&P Cuts Greece to 'CCC-'; Outlook Remains Negative (GREK) (NBG)
Jun 29, 2015 09:27AM 700 Bank Branches to Open in Greece Thursday for Pensions, Withdraws Limited to EU240 - Bloomberg Citing Official
Jun 29, 2015 09:19AM Merkel says Germany still open to negotiations if Greece wants - Bloomberg (NBG)
Jun 26, 2015 11:30AM EU official says Decision on Greece won't be made until Saturday (GREK)
Jun 26, 2015 10:31AM UPDATE: Greece Said to Reject EUR 15.5B Bailout Extension Proposal - ANA (GREK) (NBG)
Jun 26, 2015 09:17AM Prolonged Talks Between Greece, Creditors Heightens Key Risks - Fitch (GREK) (NBG)
Jun 26, 2015 09:09AM Merkel: Offer is Very Generous; Tsipras: Greek Government Won't Accept Blackmail
Jun 26, 2015 07:34AM Greece's creditors propose five-month bailout extension - Bloomberg, citing official (GREK)
Jun 25, 2015 09:44AM No Greece Agreement in Sight at Eurogroup, Meeting Suspended - Bloomberg
Jun 24, 2015 02:11PM Greece Can't Accept Proposals Submitted Today, Negotiations Continue - Bloomberg, Citing Email
Jun 24, 2015 08:05AM National Bank of Greece (NBG) Pressured as Latest Greek Proposals Rejected by Some Creditors
Jun 24, 2015 06:31AM China proposes to scrap 75% loan-to-deposit ratio cap - Bloomberg (FXI) (FXCH)
Jun 23, 2015 02:55PM EU Leaders to Meet in Brussels Tomorrow - Bloomberg
Jun 23, 2015 06:46AM HSBC China Manufacturing PMI Moved Higher Again in June, Though Growth Remains Absent (FXI)
Jun 22, 2015 03:45PM ECB Expected to Aid Greek Banks with Bailout Ongoing; Increase in Greek Corp. Tax Proposed (GREK)
Jun 22, 2015 01:03PM Greek 'Can' Being Kicked: Bill Gross
Jun 18, 2015 04:27PM ECB Said to Hold Unscheduled Call on Greece ELA on Friday - Bloomberg
Jun 18, 2015 03:48PM Best-Case is Political Greek Aid Deal; ECB Worried About Outflows from Greek Banks - EU Official (GREK) (NBG)
Jun 18, 2015 03:38PM Dijselbloem says Greece moving in right direction of euro exit - (FXE) (GREK)
Jun 18, 2015 01:58PM Dijsselbloem Says Unthinkable for Greece to Get Aid by June 30 - Bloomberg
Jun 18, 2015 01:42PM Euro-Area Leaders Said to Hold Summit on Greece Monday - Reuters
Jun 18, 2015 01:20PM Eurgroup Ends with No Agreement on Greek Aid, Says Dombrovskis - Bloomberg
Jun 18, 2015 12:36PM UPDATE: Greece aid to be extended to the end of the year without IMF - Die Zeit (NBG)
Jun 17, 2015 04:41PM Bank of Greece Warns Gov't that No Deal with Creditors Could Lead to Catastrophe (GREK) (NBG)
Jun 17, 2015 02:02PM Fed Says Labor Market Slack has 'Diminished Somewhat' - FOMC Statement
Jun 17, 2015 08:11AM EU said to reach initial accord to extend Russia sanctions (RSX)
Jun 16, 2015 07:04AM Greece Seeks to Delay June IMF Payment by Six Months - Bloomberg, Citing Bild
Jun 15, 2015 09:10AM Markets Lower Early as Europe Quickly Dismisses Greece's Latest Bailout Extension Proposals (FXE) (GREK)
Jun 12, 2015 12:21PM S&P Lowers Outlook on the U.K. to Negative from Stable, 'AAA' Rating Affirmed (FXB) (UUP)
Jun 12, 2015 09:11AM PPI Growth Outpaced in May Amid Stronger Prices in Final Demand Goods (SPY) (UUP)
Jun 11, 2015 10:53AM IMF Has Major Differences with Greece in Key Areas, Halts Talks
Jun 10, 2015 12:48PM Greece is seeking nine-month bailout extension - Bloomberg (FXE)
Jun 10, 2015 11:17AM UPDATE: Germany Said to Consider Offering Greece Staggered Deal on Aid, Wants One Greek Reform Upfront - Bloomberg
Jun 10, 2015 10:56AM ECB said to raise Greek ELA ceiling 2.9% to €83B - Bloomberg (FXE) (GREK)
Jun 9, 2015 09:29AM Greece Remains in Talks with Creditors; Aims to Close Bailout Extension Deal by Wednesday (FXE) (GREK)
Jun 8, 2015 02:34PM Greece's Creditors Suggest Extending Eurozone Bailout Until March 2016 - DJ
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