Less Risk Aversion Than Yesterday

July 19, 2011

Markets are more hopeful about a resolution to Greece’s debt crisis. The German Dax and Paris Cac have risen 1.5% and 1.1%.  The British Ftse has firmed 0.4%. Austria’s central bank chief, Nowotny, said it’s possible that the ECB could accept Greek bonds even in the event of a selective default. Venizelos, Greece’s finance minister, […] More

New Hope Regarding Greek Situation

June 17, 2011

Markets are showing a little less extreme risk aversion as the third week of June draws to a close.  Former Greek Finance Minister Papconstantinou has been replaced by Defense Minister Venizelos, and Prime Minister Papandreou is believed likely to survive a confidence vote that will probably occur on Sunday.  Plus there are rumors of progress […] More