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Banking

‘EU would do anything to keep Greece in union’
Brussels and Washington don’t want to lose Greece because of geopolitical and geostrategic aspects and will do anything to prevent that from happening, said geopolitical analyst Patrick Henningsen.

06.07.2015 08:06

The big fat Greek debt divorce
The drama is far from over but the third reel has begun. Expect chaos, vast upheaval and ultimately a lure of redemption, even though that finale is months, maybe years, away.

06.07.2015 09:15

BRICS: A new way of global partnership
BRICS is a product of the dynamic development of globalization and new centers of economic growth and political influence, aligning the interests of Brazil, Russia, India, China and South Africa.

04.07.2015 08:48

100 percent in/out choice given to Greece is ‘false dilemma’ – euro architect to RT
​There is a third solution in store for Greece, it could have two currencies in parallel that would stabilize the economy, Bernard Lietaer, co-designer of the European currency, told RT.

03.07.2015 12:51

​IMF says Greece needs third bailout of €60bn, debt relief
Greece will need €10 billion over the next few months and an additional €50 billion in the next three years, says the IMF. Before making any repayments, Athens should have a 20-year grace period, so the last debt payment would be made in 2055.

03.07.2015 08:57

Enough austerity? Greece after 5 years of belt tightening
The EU and its financial institutions have been pushing an austerity policy on Greece for the last five years. High unemployment, more taxes, billions of euros fleeing, and an increase in suicides mean Greeks on Sunday have to decide if enough is enough.

02.07.2015 19:06

​‘Vote No, stay in euro’: Varoufakis gives 6 reasons why Greece should scramble bailout
Greece’s finance minister Yanis Varoufakis promises to keep Greece in the euro and avoid a banking collapse if the country votes against the rescue package proposed by the Eurozone. EU leaders say a No vote might force the country out of the currency.

02.07.2015 18:42

Greece’s GDP to shrink 20% in case of ‘Grexit’ – S&P
A possible ‘Grexit’ will cause ‘severe’ consequences to the Greek economic system, warns the Standard and Poor’s (S&P) rating agency. It has increased the chances of Greece exiting the eurozone to 50 percent.

02.07.2015 13:33

‘UK spied on Merkel’s Greek bailout plans and told NSA’ – WikiLeaks
British intelligence agencies spied on German Chancellor Angela Merkel and other leaders as they discussed Greek bailout plans for European banks in 2011, WikiLeaks revelations suggest.

02.07.2015 10:21

‘Tying up economies like Germany & Greece was doomed to fiasco’
The eurozone project is a complete fiasco so Greece should be allowed to go back to the drachma, to devalue and to rebuild itself, columnist and podcaster Jon Gaunt told RT. This might be the beginning of the end of the whole EU he adds.

02.07.2015 12:44

Greeks will vote ‘Yes’ over bailout terms, polls and bookmakers suggest
The latest polls and betting suggest Greece will back the cash-for-reform deal proposed by creditors in the July 5 referendum. They point to a mood shift since Athens closed banks and limited cash withdrawals.

02.07.2015 07:44

​Germany's first interest-free Islamic bank opens in Frankfurt
Germany has opened its first Islamic bank representing a full range of banking services in accordance with the laws of Sharia. The Frankfurt-based bank, called KT Bank AG, is owned by Kuveyt Turk, the largest Islamic banking institution in Turkey.

01.07.2015 21:17