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GREK down 2.5% on Fears of a Grexit, Eurozone up 0.33%
The Greece-tracking Global X FTSE Greece 20 ETF (GREK) was down 2.48% amid renewed fears of a Grexit. Greece faces an inverted yield curve.
Global Markets React to the Greek Crisis: SPY and FEZ Fall
Markets across the globe were rattled on Monday. Greece stands on the brink of defaulting on its $1.73 billion payment to the IMF on June 30.
Greece’s Unemployment Falls, but Still the Highest Among Peers
Europe’s average unemployment has fallen to a four-year low of 9.8% as of 2016. Greece’s seasonally adjusted unemployment rate was 23.5% in January 2017.
Bulls and Bears Make Money, But Do PIIGS or PIIS Get Slaughtered?
The troubled PIIGS countries—Portugal, Italy, Ireland, Greece, and Spain—have been suffering from financial sustainability concerns about large fiscal deficits and stagnated growth.
Analyzing the Situation in Greece: Impact on Global Markets
Markets in all of the major economies ended low on Monday, June 15. The bailout talks between Greece and its European creditors collapsed over the weekend.