Policymaakers and bankers cannot agree the way forward for bankers

  • Greece worries markets on reform plan

  • The eurozone crisis deepened on Friday as Greek economic reform plans were delayed, sparking tension in the financial markets over the country’s ability to rein back its mounting public debt.

  • Greek bond yields rose to euro-era highs and fears of contagion to Spain, the key economy, increased amid worries that Athens’ determination to implement its recovery plan was waning

  • The Greek crisis has ratcheted up this week because policymakers and central bankers cannot decide the way forward.

  • It is a mess. Division among the politicians and central bankers is not helping.

  • The problems in Greece could spread to the larger economies

  • Jens Weidmann, Germany’s new Bundesbank president and ECB governing council member, said extending bond maturities in a soft restructuring “would make it imp

  • Spanish regional elections this weekend also created a stir in the markets amid worries that more details might emerge over the amount of debt building up in the country’s municipalities.

  • Fitch cut Athens’ ratings by three notches to B plus, which is four notches below investment grade, and placed the country on rating watch negative.

Posted from Diigo. The rest of my favorite links are here.

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