Global X MSCI Greece ETF
Greek Debt Crisis 101: Getting To The Crux Of The Matter
According to estimates by EuroStat, Greek debt stood at more than 315 billion euros at the end of September 2014.
Why European Politics Are Likely To Take Center Stage in 2015
After a year with relatively less drama, European politics are likely to return to center stage next year.
Why Gold’s Safe-Haven Demand Remains Tepid
Gold is often touted as the safe-haven asset that investors embrace in times of economic and political uncertainty.
Eurozone grants bailout extension to Greece
Europe-tracking ETFs gained significantly from February 19 to February 24, when the bailout extension to Greece was approved.
The European Union Is Falling Apart: George Soros
Soros remarked, “the European Union is falling apart,” when he was interviewed by Bloomberg TV on January 22. He also sees an impending collapse in Russia.
A quick look into the most indebted country in Europe: Greece
On November 14, 2014, Greece’s economy finally registered some growth and emerged from recession. The economy expanded by 1.7% in Q314, compared to 3Q13.
Points of Contention: The Restructuring and Reform Dilemma
There are several major points of contention related to the structural reforms. Money may change hands before they’re resolved.
The Next Act In The Greek Political Drama
The stage is set for the next act in the Greek political drama. With the anti-austerity Syriza firmly at the helm of affairs, it will be a turbulent ride for the Eurozone.
Subdued market reaction to Syriza party win in Greece
The Syriza party win ends over four decades of alternating rule by the New Democracy party and the Pasok party.
Could Russia or China Rescue Greece from Bankruptcy?
On June 19, Russia and Greece signed a preliminary agreement for “cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey.”
GREK Falls 4.26% as Greece Prepares for More Austerity Measures
In the coming week, Greece is due to present its next set of austerity measures, which it must implement in order to secure new financing.
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.
Eurozone Agreement: Greece to Receive up to $96 Billion
On July 13, the Greek saga hit another milestone. Eurozone ministers reached a unanimous agreement to bail Greece out again.
Greece needs to pick up economic momentum
The subdued economic momentum in Greece has had a direct—and negative—impact on its ability to honor its foreign obligations, specifically its bailout loan.
Greece still in the headlines, this time a bailout extension
In this series, we’ll explore Greece’s recent bailout extension granted by Eurozone ministers to see how it could impact your investments in the Eurozone.
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.
The Possible Ramifications Of A Grexit
The possible ramifications of a Grexit include devaluation and even a complete breakdown of the currency.
The Greek Referendum That Shook the World
For the past week, the Greek referendum has been a major source of volatility and worry for global markets. Referendum results came in on Sunday, July 5, and the Greeks gave a resounding “no” to the bailout terms.
Why are investors becoming bearish for Greek bonds and stocks?
After four years under a rescue program by the IMF, the EU, and ECB, Athens has largely repaired its finances.
Structural Issues with the EU Could Lead to Further Referendums
Many European countries want the ability to print their own money and come to their own aid instead of going to the ECB (European Central Bank).
Greek Manufacturing Activity Continues to Expand in July 2017
Manufacturing activity in Greece In July 2017, the manufacturing PMI (purchasing managers’ index) in Greece (GREK) remained steady. Operating conditions improved marginally, largely driven by a rise in output. The business conditions improved for a second consecutive month as of July 2017. Consumer sentiment is improving in Greece (EEM ), with improved tourism and growth […]
Greece’s Manufacturing Activity Expands in June 2017
The manufacturing PMI in Greece (GREK) continued to improve in June 2017, reaching 50.5 compared to 49.6 in May 2017.
Did Greece’s Manufacturing Activity Improve amid Growth Expectations?
The Markit Greece Manufacturing PMI advanced to 49.6 in May 2017 compared to 48.2 in the previous month.
Why Greece’s Manufacturing Activity Is Struggling amid Improved Expectations
Amid its financial chaos, Greek manufacturing activity rose in April 2017, though it remains below the acceptable mark of 50.
Why Economic Growth in Greece Is Subdued despite Bailout Help
Substantial fiscal consolidation and internal devaluation in Greece have resulted in reduced economic growth and high unemployment levels.
What Has Impacted the Global Financial Markets in 2016?
Apart from crude oil prices, it was China (FXI) (YINN) whose shaky economic fundamentals resulted in panic in global financial markets.
Why Greece Is Not a Big Concern for Europe
Heidi Richardson recently visited 10 European countries over four weeks, and observed many signs supporting a currency-hedged exposure to European stocks.
Greece’s Bailout Is Negative for Gold’s Safe-Haven Demand
Greece did reach a bailout agreement with its creditors. The loan package is worth ~86 billion euros. It’s spread out over three years.
European Banks Seem Well Positioned to Tackle Greek Risk
Better capital adequacy ratios mean that European banks are well equipped to deal with any default from Greece.
Must-Know: Who Owns Greece’s Debt?
Greece’s debt is mostly held by its official creditors (which can be easily recapitalized)—not the private sector.
Why Greece Is Opposed to the Austerity and Reform Agenda
Greece is opposed to the austerity and reform agenda. In the past, austerity measures helped reduce Greece’s fiscal deficit, but reduction came at a heavy price: crippling social and economic impacts.
It’s the Final Countdown for Greece—Again!
Eurozone ministers gave Greece until yesterday to come up with a concrete bailout proposal. Greece submitted its plan two hours before Thursday’s midnight deadline. The plan will be discussed in an emergency Eurozone summit on Sunday.
European Derailment? The Repercussions of a Grexit
Greece’s exit from the Eurozone (or “Grexit”), if it does happen, could have serious consequences.
Why Greece Isn’t Likely to Threaten Global Markets Long-Term
Russ explains why the situation in Greece likely doesn’t pose a longer-term threat to the global economy or financial markets.
Eurozone Displays Muted Reaction to the Greek Referendum Vote
The links between other Eurozone countries and Greece are modest. Exports to Greece—excluding Cyprus—represent less than 0.5% of Eurozone exports.
Greece Will Continue to Be a Source of Headline Risk
Looking forward, Greece will continue to be a source of headline risk. My short- and long-term outlook for Greece helps explain why: Short-term outlook: A deal is still the most likely scenario, but there’s no easy path to get there Market expectations for an imminent resolution took a nosedive over the weekend. Greek prime minister […]
The Greek Debt Crisis Refuses to Go Away
Greek Prime Minister Alexis Tsipras walked away from negotiations this weekend and called for a referendum from his people on July 5. This surprising turn of events has sharply raised the probability of a Grexit.
The Seemingly Never-Ending Greek Debt Saga at a Tipping Point
The seemingly never-ending Greek debt (GREK) saga continues to play out, complete with twists, turns, and obstacles à la typical potboiler.
Points to Remember When Investing in Europe
This article discusses three key points to remember when investing in Europe (VGK) (EZU).
What’s Causing the US Dollar to Strengthen?
The strength in the US dollar is because of divergence in central bank policies. The US dollar is strengthening against most of the major currencies.
Deadlock Over The ‘Bridge To Nowhere’
The emergency meeting in Brussels of all the Eurozone (EZU) finance ministers on February 11 ended in a deadlock over the “bridge to nowhere”.
Exiting the Eurozone: The implications of a ‘Grexit’
Exiting the Eurozone would mean Greece would no longer be bound by the austerity measures that have resulted in massive cuts to public spending.
Spreads widen, stocks down as market reacts to crisis in Greece
As of this date, investor concerns are running high about whether or not Greece will stay or leave the Eurozone currency union.
Investor fears in Greece send yields up, market index down
Two bailouts got Greece up and running. After trending downward until early 2012, the Athens Stock Exchange Composite Index began to show signs of life.
Is Greek Political Instability A Tragedy In The Making?
It’s indeed déjà vu as a fresh round of worry over Greek political instability engulfs the Eurozone (EZU).
Political crisis in Greece impacts stock markets, investments
Yields on the Greek 10-year bonds breached the 9% mark on December 11, climbing the most since May 2012.
Investors raise doubts on Greece’s position in Eurozone
The immediate impact of Greece’s political crisis is evident in the capital markets, which have become jittery since Antonis Samaras called for snap presidential elections.
Greece Prime Minister’s market-moving decision
The continuance of the New Democracy party’s ruling status is largely dependent on the snap election results, scheduled to be announced on December 29.
Why the bailout extension is politically important to Greece
Disagreement over new austerity measures with the troika led Greece’s Prime Minister Antonis Samaras to take a sudden and market-moving decision on December 9.