The very critical, and very insufficient 5th bailout tranche to Greece, has now been approved.

The very critical, and very insufficient 5th bailout tranche to Greece, has now been approved. Euro zone finance ministers agreed on Saturday to disburse a further 12 billion euros to Greece and said the details of a second aid package for Athens would be finalised by mid-September. After a conference call, the 17 euro zone ministers agreed that the fifth tranche of the 110-billion-euro bailout agreed with Greece in May 2010 would be paid by July 15, as long as the IMF's board signs off on the disbursement.       (more...)

Tags: 5th bailout tranche, Greece

Turning to the macro, very positive feelings from the polls

Week of new macro minors. We have followed with references real estate than just modify the known. Home sales data for first and second hand in February, with new lows in the first (308K) and no major surprises in the second (5.02 mil.), In very low levels. Since prices, better news from the housing market first, with slight gains. However, we are still awaiting data from March / April (not affected by bad weather) for a clearer view on the timing of real estate.

(more...)

Tags: Eurozone, Federal Reserve, Greece, investment

The Euro could be attacked again

Despite the rescue plan to Greece question that arises is whether it is possible the continuity of speculative attacks on other countries in the Euro Zone. The answer is yes to the extent that the fiscal situation of peripheral economies in Europe remains very worrying. The crisis has left to see the nakedness of some countries that have lived beyond their means for easy access to credit, savings provided by the surplus countries like Germany or Holland. Read the rest of this entry »

Tags: crisis, euro, Forex, Greece, public debt

Forex Market opening: The Euro goes favored

Angela Merkel, has unlocked the approval of the rescue plan expected to Greece. The anticipated meeting of the European Council met in Brussels with the leaders of the 27 Member States of the European Union has given the green light to a plan that was long expected by the markets.

Read the rest of this entry »

Tags: Aussie, bonds, British Pound, Euro Dollar, Eurozone, Forex, Greece, Kiwi, ounce of gold, silver ounce, Swiss Franc