Greek Recovery Spurred by Innovation and Entrepreneurship
Optimism grows as revival begins, if slowly.
Greece Progresses on Rescue
The ECB’s Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.
Greek Bank Head Took Secret Loans to Finance Bank Stake
Greece’s fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Bank’s chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.
Spain Spooks Investors as Eurozone Confidence Falls
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
Greece’s Creditors Resist IMF Push for Bigger Losses
Greece’s creditors are pushing back against an IMF drive to get them to accept larger losses on the country’s sovereign debt, with one Madrid-based hedge fund pulling out of the debt swap talks over the matter.
Top Portfolio Products: Global X Adds Greece ETF; Vanguard Cuts Purchase Fee
New products introduced over the last week include a new Greece-centric ETF from Global X, a purchase fee cut on a Vanguard fund, and two new ETNs from Deutsche Bank and Invesco.
Greek Rescue Plan Sends European Bank Stocks Skyrocketing
European bank stocks skyrocketed Thursday on news that an EU emergency summit meeting has crafted a plan to aid Greece without any new taxes on banks.