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Greece Prepares Reforms for 12 Billion Euro

Beijing Remains At Odds After Stock Market Crash

After a stunning stock market crash in China, the Chinese government is doomed to learn a lesson and understand that a governmental intervention may trigger market panic, thereby escalating the situation. With that in mind, any such intervention may do more harm than good and therefore looks inefficient.

Experts Name Reasons For Grexit

The majority of the Greeks participating in the nation wide referendum on July 5^th said NO to the offer made by the troika of lenders in exchange for further financial support. This provoked a wave of indignation among financial experts and plain folks.

IMF Want to Help Greece

International Banks Predict Grexit

Some of the world’s biggest financial institutions predict the so-called Grexit (stands for Greek exit from the Eurozone) after the recent referendum conducted over the weekend. The referendum resulted in the NO answer to the offer made by the troika of lenders, Market Leander reports. It is reported that the list of banks predicting the Grexit includes JPMorgan Chase & Co, Barclays, Societe Generale and the Royal Bank of Scotland .

Predictions For Greece After Referendum

Yesterday’s referendum in Greece resulted in “NO” to the troika of lenders. This means that Greece is not going to practice deeper austerity and perform structural reforms required to get further financial aid from the ECB / EU and the IMF, not to mention debt restructuring.

Greece Urgently Needs 50 Billion EUR, IMF Says

According to the recent report on Greece published the IMF, the Greek financial system urgently needs 50 billion EUR to survive the current crisis and to revive the economy. Still, in order to do that, Greece need to meet certain conditions put forward by the lenders. It is reported that if there is such a financial aid, 36 billion EUR of it will come from European funds.

Greek GDP Will Collapse By 20% In Case Of Grexit, S&P Predicts

According to the recent forecast made by Standard & Poor's, Greece may see its GDP decline by 20% over the next 4 years if it quits the Eurozone.

Overcoming Default, Worldwide Cases

Ukrainian lenders and professional advisors dealing debt restructuring are going to meet in New York this week. The meeting is designed to discuss some technical issues related to the structure of the Ukrainian debt and clarifying those ambiguous points that seem unclear to the holders of Ukrainian bonds, Market Leader reports.

Greek Crisis Has Political Rather Than Financial Roots