S&P downgrades Greece and puts chances of Grexit at 50 per cent June 29, 2015 S&P has downgraded Greece's credit rating from CCC to CCC-, and says there is a 50 per cent chance it will leave the Euro. Read more: Greece will default on its €1.6bn repayment to the IMF tomorrow It made the change because it feels that, unless circumstances change, Athens will probably default on its [...]
Airports Commission report: Heathrow or Gatwick runway expansion? A decision will finally be made on Wednesday June 29, 2015 We are finally going to find out the best way to accommodate the ever increasing number of people traveling to the UK by air. The long-delayed decision by Sir Howard Davies's Airports Commission on the best way to expand airport capacity will be revealed on Wednesday after a long and hard-fought battle between Heathrow and [...]
Greek crisis: Jean-Claude Juncker says he feels “betrayed” by Alexis Tsipras after debt negotiations fail June 29, 2015 European Commission president Jean-Claude Juncker cut a weary figure as he told a press conference today that he feels "betrayed" by Greece's refusal to consider its creditors' reform package. Read more: Greece crisis pummels world markets In an extraordinary Brussels press conference, Juncker said: "I feel betrayed because not enough consideration is given to my [...]
Greek crisis: €8bn withdrawn from Greek banks by savers, Moody’s reckons June 29, 2015 It looks like those capital controls came in the nick of time: new analysis from credit ratings giant Moody's has suggested Greek savers withdrew €8bn (£7.1bn) over the past two weeks. To put that into context, that's more than the €7bn of funds creditors have been arguing over. The note from Moody's suggested deposits fell [...]
Greek debt crisis: Should I still go on holiday to Greece? Government issues travel advice June 29, 2015 As Greece plunges headlong towards defaulting on a payment due to the International Monetary Fund (IMF) tomorrow, what does that mean for the two million-odd people expected to travel to Greece as the summer holiday season kicks off? Here's how it's likely to affect your holiday. What's actually happening? The Greek government has been unable [...]
Greek debt crisis: Should UK tourists take cash to Greece? Government imposes ATM limit on citizens as banks close June 29, 2015 Foreign tourists are exempt from the €60 (£38) daily limit Greece's government has imposed on ATM transactions in the country, Greek authorities have stated. In response to a possible bank run and crisis, Greece has closed banks until after the referendum next week, and capital controls have been imposed. Worried tourists have been queuing up [...]
FTSE, Dax and Cac all open lower as Greek crisis takes its toll on markets and the euro June 29, 2015 The turmoil in Greece hit European stocks this morning, with the FTSE 100, Germany's Dax and France's Cac all opening lower. Read more: "It's not too late for a Greek deal" – EU official The FTSE was two per cent lower, while Germany's Xetra Dax was down 3.7 per cent and France's Cac 40 was [...]
EU economy commissioner Pierre Moscovici: It’s not too late for a Greek deal June 29, 2015 Amid all the doom and gloom, one EU official struck a positive note this morning; EU economy commissioner Pierre Moscovici said this morning that it's "not too late" for Greece to strike a deal with its creditors. Hmm. Read more: Greek banks and Athens stock market closed for business In an interview with French radio [...]
Billionaire chic: Contents of opulent mansion with 45 bedrooms to be sold at public auction June 29, 2015 Eyebrows were raised when it was put on sale for £300m back in 2012, but now 2-8a Rutland Gate – which, with 45-odd bedrooms, is one of London's largest homes – is hitting headlines again after its owners put its entire contents up for auction. The Guardian reports that the entire contents of the home, once [...]
Graduate jobs: The best and worst cities to find a graduate job in the UK – Cambridge, Guildford and Reading are top spots, but London fails to make the grade June 29, 2015 Students about to don a cap and gown for graduation are better off heading to Cambridge for the best chance of finding a job. The city is the best place to get on the first rung of the career ladder, competing against the fewest jobseekers for each vacancy, while Sunderland is the worst according to [...]