Despite a meager data schedule, the FX markets have experienced relatively large moves over the course of the day as the unwind of positions ahead of year end were exaggerated by thin liquidity conditions. Equities are sharply lower across Europe and …
Read Original Story: Daily Forex Snapshots High Beta Currencies Follow Equity Markets Lower – ACM
ATHENS, Nov 27 (Reuters) – Greece’s banking system is healthy and banks’ capital ratios are high and improving, the country’s central banker said on Friday. "Greece’s banking system is healthy and stable," Bank of Greece Governor George Provopoulos …
Read Original Story: Greek cenbanker says Greek banking system healthy – Reuters
I’ve been reading quite a bit of handwring over Greece in the UK papers, and came upon this piece from one of my favorite writers, Ambrose Evans-Pritchard, early this week. It was in the "to do pile" to put on the website, but I never got around to it. …
Read Original Story: Greece Tests the Limit of Sovereign Debt As it Grinds Toward Slump – The Market Oracle
First, there’s the view that this is the beginning of many sovereign defaults, and that we’re now seeing the end of the ability of governments to use deficit spending to fight the slump. … For what it’s worth (not much), US bond prices are up right now …
Read Original Story: Wrong Question Professor Krugman! – FrumForum
ATHENS (Dow Jones)–Greek bank shares plunged Thursday, dragging the Athens market 6.2% lower, amid renewed worries about their access to cheap funding, the worsening Greek economic outlook and concerns over a …
Read Original Story: Greek Bank Shares -9%, Extending Losses, Greek Bonds Slump – Wall Street Journal
The turbulence on the markets is the result of the Greek economy’s loss of credibility inherited from the preceding New Democracy (ND) government and acts of profiteering, finance minister George Papaconstantinou said on Friday, adding, however, …
Read Original Story: finmin meets bog chief – ANA
Nov. 26 (Bloomberg) — German government bonds rose, pushing the 10-year bund yield to a three-week low, as a proposal by Dubai to delay debt payments spurred investors to seek the safety of assets perceived to be lower risk. …
Read Original Story: German Government Bonds Advance on Dubai Debt-Delay Concern – Bloomberg
ATHENS, Nov 27 (Reuters) – Greek bank shares rebounded and government bond yield spreads tightened on Friday as Greek officials sought to reassure markets that the banking system was sound and the country was facing no borrowing …
Read Original Story: Greek officials reassure investors, markets rebound – Forbes
The Greek government is trying to sell at least EUR25 billion worth of bonds to Chinese banks as part of its efforts to refinance the country’s massive public debt, a person familiar with the situation said Friday…
Read Original Story: Greece Seeks To Sell China Banks EUR25 Billion Bonds – Source – Wall Street Journal
ATHENS, Nov 27 (Reuters) – Greece is not facing any borrowing difficulties and will borrow far less next year than in 2009, the country’s finance minister said on Friday. ‘The borrowing plan of 2010 will be considerably smaller than it was in 2009,’ …
Read Original Story: Greece to borrow less in 2010 than in 2009 -Finmin – Forbes
