Police in Greece
If Greece wants to avoid defaulting on its debts, a deal has to be found within days. But back-of-the-envelope calculations by Real Time Brussels show that the Athens government and its creditors may have until the winter to seal a third bailout deal for the country. Here is how: Greece’s decision last week to bundle this month’s payments to the International Monetary Fund means its first major redemption, €1.6 billion, is ...
The protracted negotiations between Greece and its creditors seemingly shifted into top gear this week as the cash-strapped country teeters on the verge of a default with a loan repayment to the International Monetary Fund due at the end of the week. More...
After struggling for much of 2014, gold and silver have experienced some respite in the past few months as Eurozone and emerging market fears surfaced once again. The relentless U.S. dollar rally and the commodities bust hurt demand for precious metals last year, but worries about Greece leaving the Eurozone and currency turmoil from Russia to Turkey to Brazil helped gold to climb 13 percent and silver 20 percent since November. Though many precious metals bulls are starting to get ...
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