The Greek debt saga is over only for the time being and there were rumors that the Greek government does not have cash to pay salaries & pensions at the end of May. The other important development was that the IMF is tak…
The Greek debt saga is over only for the time being and there were rumors that the Greek government does not have cash to pay salaries & pensions at the end of May. The other important development was that the IMF is taking a backseat and has said that it may not participate in a third bailout package for Greece.
This leaves only the EU & the ECB for a potential third bailout package. In Germany, Finland and a few other countries there is tremendous pressure on the government to let go of Greece and push it out of the Eurozone as no progress has been made in talks which have run for about 5 months now.
The lack of trust in Greece's negotiating team has a lot to do with this and the inability of the earlier and the current government to implement austerity measures and collect taxes has eroded credibility in the negotiations.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
