ATEbank Proceeded to Raise Capital

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

Days after the stress tests results of the banks in the Eurozone were revealed the failed Greek ATEbank announced it will proceed to increase its capital by an amount of between € 243 million to € 500 million.

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"Default lies not in ourselves but in your banks.."

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

The reason the European Union resolved to carry out stress tests on their banks was their exposure to the sovereign debt of Eurozone member countries and the presumption that, in pursuit of yield, this exposure was disproportionately invested in the bonds of countries whose deficit positions have prompted most anxiety in the markets this year.

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Ioannis Retsos: Greece Will Not Survive out of the Eurozone

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

The absence of strikes in tourism shows that it is functioning properly, but the state has no strategy for its most important sector which contributes nearly one-fifth of the gross domestic product of Greece, said the president of the Association of Hoteliers in Attica in an interview with Maria Spassova.

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Forex Daily Profits: EU Bank Stress Test Passed

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

Full storey on the Eurozone bank stress test

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Forexoval: Forex Volatility to Remain High

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

With the onset of the Eurozone sovereign debt crisis this year, volatility levels in forex (as well as in other financial markets), surged to levels not seen since the height of the credit crisis. While volatility...

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Investing in the Eurozone Collapsing

Wednesday 28th of July 2010 06:22:25 AM
Posted by admin / Under Eurozone

A double blow came to surface yesterday by analysts and fund managers in regards to the popular issue of recent months which is no other than the debt crisis in the Eurozone area and the possible bankruptcy of Greece and not only as more and more dark scenarios are being put to the table from those investing on the prospect of a possible bankruptcy

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