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Spanish economy minister certain Greek deal to be reached
A Greek exit from the euro zone is «not on the table», Spanish Economy Minister Luis de Guindos said on Wednesday, adding that he was certain a deal would be reached between Athens and its creditors.
Lew calls for immediate solution to the Greek crisis
US FinMin Lew, attends the Dresden G7 Summit, and stated that the 5th of June may not be a crucial deadline for Greece. At the same time, however, he asked a solution to the Greek crisis “as soon as possible”.
Tageszeitung: Bankruptcy a ‘set up’ so Greece implements reforms
The German newspaper Tageszeitung on Thursday headlined an article reading: “Eight days until Greek bankruptcy, the countdown has begun, this time for real”.
“Brussels in the Greek fever once more. Bankruptcy forewarned for weeks (…) did not come over Easter or Pentecost, all eyes are now on June 5th”.
ECB working on the assumption that Greece won't leave euro, says Constancio
The European Central Bank is working on the assumption that Greece won't leave the euro, the bank's Vice President Vitor Constancio said on Thursday.
Neither Grexit nor a dual currency will solve Greece's problems
By Jurgen Matthes*
Report: Intl tour operators demanding ‘default clause’ from Greek hotels, resorts
Major international tour operators are reportedly demanding that Greek resorts and hotels sign “default clauses” in contracts for the looming holiday season, with expanded guarantees to deal with possible “Grexit” or even hikes in VAT rates.
Italian finance minister sees Grexit as bigger risk in medium rather than short term
Greece crashing out of the euro, or ?Grexit,? doesn?t pose a short-term risk to the shared European currency but a medium-term one as it demonstrates that the union is not permanent, Italy?s finance minister said on Friday.
EP President says EU willing to help Greece
European Parliament President Martin Shulz told German newspaper Frankfurter Allgemeine that the EU is willing to continue financially assisting Greece but only if Athens seizes the opportunity.
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Bloomberg: Bulgaria More at Risk from Grexit Contagion
Bulgaria is potentially exposed to a Grexit contagion more than its neighbors in Southeast Europe, a Morgan Stanley report argues.
"While the direct economic impact of a Grexit looks manageable, we think that the banks are by far the most serious potential channel of contagion," Morgan Stanley Research analysts are quoted as saying, in a Bloomberg article authored by Slav Okov.
ECB VP sees no sign of Greek contagion
An interview with Vitor Constancio, Vice President of the ECB, with daily Dutch newspaper Het Financieele Dagblad also included a focus on Greece:
Are you concerned about Greece and, if it comes to a Grexit, do you fear the spread of contagion affects to other euro area countries?
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