Tag: Currencies
No bailout funds for Greece as eurozone finance chiefs fail to agree deal
IMF and eurozone states fail to bridge divide over Greek debt relief raising prospect of a summer crisis for the single currency if Athens misses repayment. Eurozone finance ministers have failed to agree a debt relief plan for Greece, raising the prospect of a summer crisis for the single currency bloc if Athens misses a […]
Pound continues to fall against dollar amid ‘hard Brexit’ fears
Sterling falls 0.3% to $1.2395 as City worries persist about UK’s economic prospects outside EU. The pound has continued to fall against the US dollar as worries persist over the UK’s economic prospects outside the EU. Sterling suffered sharp losses last week as ministers at the Conservative party conference signalled they would opt for a […]
A year after the crisis was declared over, Greece is still spiralling down
The historic third bailout awarded to Athens after weeks of brinkmanship last year was supposed to have secured its future in the EU. But little has changed In a side street in the heart of Athens, two siblings are hard at work. For the past year they have run their hairdressing business an enterprise that […]
George Soros: EU exit risks ‘black Friday’
Exclusive: Currency speculator warns devaluation would mean more disruption than when UK dropped out of ERM in 1992 The worlds most famous currency speculator has warned that a vote on Thursday for Britain to leave the EU would trigger a bigger and more damaging fall for sterling than the day he forced Britain out of […]