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Stocks Rise on Speculation Papandreou to resign |
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Thursday, 03 November 2011 |
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European stocks and U.S. index futures rose and the euro strengthened amid speculation Greek Prime Minister George Papandreou will step down and the country’s new leadership will accept a European bailout. The yield on Greece’s two-year note surpassed 100 percent. |
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More Uncertainy about Greece |
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Tuesday, 01 November 2011 |
Hard to believe but here we go again! The Greek Prime Minister (Papandreou) has called for a confidence vote and a referendum on accepting the terms of the European bail out plan Greece. This curve ball has created more uncertainty about the Euro zone and stock markets are declining as a result of this uncertainty Should the Greeks push the limit our analysts believe the balance of the EFSF funds will be used to add Capital to the banking system in Europe therefore avoiding a systemic problem in global banking circles. The commentary below is from a French Bank that explains the situation in more detail.
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Thursday, 27 October 2011 |
Stocks Surge
U.S. stocks surged and the Dow Jones Industrial Average rose more than 300 points, approaching its largest monthly percentage gain in a quarter century, as investors cheered an agreement reached by European leaders on a plan to resolve the euro zone's debt crisis. As part of the agreement aimed at resolving the euro zone's debt crisis, private investors will take a voluntary 50% write-down on sovereign Greek bonds, the firepower of the euro-zone bailout fund will be increased to about $1.4 trillion, and Greece will aim to reduce its debt to 120% of gross domestic product by 2020.
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