Europe’s economy is now hitting its stride, according to the International Monetary Fund. But, as Ciara lee reports, a disruptive Brexit could result in “appreciably” lower growth for Britain and the euro zone. Continue reading
(EBS) – Euro zone leaders clinched a deal with Greece on Monday (July 13) to negotiate a third bailout to keep the near-bankrupt country in the euro zone after a whole night of haggling at an emergency summit.
People in the Greek capital say they feel humiliated by euro zone partners who have not yet accepted their government’s latest proposals to secure a third bailout.
(Reuters Business Report) – Don Quixote: a Spanish literary hero famous for tilting his lance at imaginary foes – like windmills.
Austerity though – that’s seen as a very real enemy.
Many Spaniards in solidarity with ordinary Greeks.
European Parliament President Martin Schulz doubts Greek banks will reopen this week, calls for emergency humanitarian aid for Greece and demands the government make meaningful proposals on its debt to stave off ‘dramatic’ times.
UK traders consider the consequences of a possible ‘Grexit’ on the European markets.
Greek Finance Minister Yanis Varoufakis says it would be “catastrophic” if Greece left the euro, predicting it would herald “the beginning of the end of the common currency project”.
(Reuters Business Report) – Frankfurt’s Dax – on its longest streak of weekly gains since 1998.
This, in fact, its ninth week.
Europe is the feelgood factor.