Countdown to Grexit: Every event this week which will decide the fate of Greece July 6, 2015 What's that shuffling sound we hear on the wind? The gentle rustle of European leaders trying to reorganise their diaries as the number of meetings over the continent's problem child – Greece – begin to stack up? We now know Greeks don't want austerity measures, but Alexis Tsipras, the country's Prime Minister, is determined to [...]
Greek crisis: The 12 Twitter accounts you need to follow to make sense of this whole mess July 6, 2015 Last night, the Greek people made their feelings known: they won't accept further austerity. But what's going to happen next? And when will we find out? There's only one way to make sense of this whole mess – and that's in 140-character chunks. We've got the full cast of characters listed here. In the Greek [...]
Greek court rejects referendum appeal July 3, 2015 A court in Greece has rejected an appeal against the referendum on whether or not to accept creditors' bailout conditions, due to be held on Sunday. Two Greeks citizens appealed against the referendum, saying the country's constitution prevents votes on fiscal issues. Critics have also complained that with capital controls in place, many inhabitants of [...]
Greek referendum: European markets dip as court prepares to rule on referendum July 3, 2015 European markets closed down today as Greek court prepared to rule on the legality of Sunday's referendum on creditors' bailout conditions. Read more: Even pro-Europeans admit the Greek crisis has been disastrous for the EU The FTSE 100 closed down 0.67 per cent, while Germany's Dax closed down 0.37 per cent and France's Cac was 0.57 [...]
IoD on Grexit: Three quarters of business leaders think Greece will leave the euro July 3, 2015 Three quarters of business leaders think Greece will leave the euro within the year, a study by the Institute of Directors (IoD) has suggested. Read more: Even pro-Europeans admit the Greek crisis has been disastrous for the EU Of the rest, only two per cent think it's "very unlikely" – suggesting UK businesses are bracing themselves [...]
One chart showing how BP’s share price never recovered from the Deepwater Horizon disaster July 3, 2015 On the evening of 20 April 2010, a release of gasses at BP's Deepwater Horizon oil rig in the Gulf of Mexico caused an explosion which ripped through the rig, killing 11 workers and causing an oil leak which continued for 87 days. By the end of the disaster, 3.2m barrels of oil had leaked [...]
Summer Budget 2015: Is the government about to change how it taxes pensions? July 3, 2015 With the summer Budget now just days away, much of the finance sector has busied itself trying to second-guess what the chancellor will say when he takes to the despatch box. And one briefing paper, quietly published yesterday afternoon, might provide a clue: changes to pension taxation. Read more: How investment trusts can boost your [...]
IMF: Another Greek bailout will cost €52bn July 2, 2015 Bailing out Greece for another three years will cost €52bn, the International Monetary Fund (IMF) said today, as Greeks prepared to vote on reform proposals by the country's creditors. A new debt sustainability analysts by the IMF showed interest payments will cost €4.9bn over the next 12 months, rising to €17.2bn over the next three [...]
Airports Commission report: Heathrow runway expansion by 2025 will be too little, too late for London’s tech sector July 2, 2015 It cannot be denied that the announcement of Heathrow’s runway expansion is a step in the right direction for the capital’s business community. According to Andrew Macmillan, operations director at Heathrow Airport, direct air connections between airports lead to a twentyfold increase in trade between destinations. Equally for Declan Collier, chief executive of [...]
Jeroen Dijsselbloem: There will be no negotiations if Greece votes no in the referendum July 2, 2015 Greece's creditors will not negotiate with its leaders if voters reject their bailout terms in a referendum to be held on Sunday, Eurogroup president and Dutch finance minister Jeroen Dijsselbloem has warned. At a parliamentary committee, Dijsselbloem called the idea there could be further talks after a "no" vote an "illusion" which must be "swept [...]
