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Greek issues push price up


Exchange news. The issue of possible default in Greece is extremely topical. Last weekend Athens officially claimed that the country cannot cut its expenditures, as required by the agreements. This, in its turn, casts doubt on the possibility of Greece to receive mutual assistance credit from European Central Bank.

This discouraging claim was followed by a less shocking claim from the European Union management. To be more specific, this claim concerned a temporary suspension with deciding to provide another money tranche to Athens. It had been expected that the decision of providing financial aid would be announced during a special meeting on October 13, but it has just been revealed that there will be no meeting. The decision of providing money trance is expected to be announced during the summit of European Union leaders on October 17.

Unfortunately, this proves that this year Greece is unable to change budget deficit according to the requirements. However, Athens keep worsening their condition by discussing economy measures with ECB, as their main target is to receive 8 mln. Euro from the credit that was confirmed in 2010. Another wave of recession is likely to start because of complicated and lasting negotiations between ECB and Greece. Quotations of Brent and WTI oil futures have immediately reacted to this by a more than 1 dollar decline.

Perspectives of economic growth influence oil price. At this point, signals about countries’ negative development are many. It concerns countries in Europe, the USA, and developing countries, such as China, which eased the loss of world economy in 2008.

Brent grade oil prices are currently checking the support of 101 dollar per barrel, as explained by the analytics of Forex Academy and Masterforex-V Futures Trade and Stock Exchange. This is the fourth attempt for 5 months. Passing the level will make it possible to reach the target of 90 dollars per barrel.

 

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Trump's Victory Means Both Risks and Opportunities for Ukraine

Vitaly Portnikov, a Ukrainian political expert, has evaluated the results of the U.S. presidential election and its possible impact on the situation in Ukraine.

 

 
He says that Donald Trump’s victory gives Ukraine both risks and new opportunities. In particular, the Ukrainian journalist, political observer, and blogger writes that after Donald Trump unexpectedly won the election, the entire political world was slightly shocked and uncertain how to react to this unexpected event.
Publication date: 30 November 09:23 AM

UK Prime Minister to Launch Brexit in Spring 2017

The current Prime Minister of the United Kingdom Theresa May gave her first big interview after coming into power a few months ago. During the interview, she warned the people of the United Kingdom about the likelihood of a difficult period they would have to face in the near future. She is almost convinced that the so-called Brexit, or the process of quitting the European Union is going to be economically and financially painful to the UK, its people, economy, national currency, and financial system.
 
Publication date: 29 November 01:18 PM

President-Elect Trump Sets Future Priorities

As you probably know, Donald Trump has won the U.S. presidential election 2016 and is now going to be the 45th President of the United States. Even though he is going to take office in January 2017, he already started setting future priorities as the next U.S. President.

 

 

Publication date: 23 November 10:49 AM

What to Expect in Global Economy from Trump's Victory?

Donald Trump’s victory in the presidential election used to be seen as something unlikely but this unexpected scenario finally manifested itself. Donald Trump is going to become the 45th U.S. President on January 1st, 2017.

 

 
Publication date: 18 November 06:10 AM

Brexit Planned For Early 2017, Theresa May Says

The current Prime Minister of the United Kingdom Theresa May gave her first big interview after coming into power a few months ago. During the interview, she warned the people of the United Kingdom about the likelihood of a difficult period they would have to face in the near future. She is almost convinced that the so-called Brexit, or the process of quitting the European Union is going to be economically and financially painful to the UK, its people, economy, national currency, and financial system.
 
Publication date: 17 November 04:29 AM

Brexit. Who's Next to Quit EU?

Where this is good or not, we can still see the entire political and economic structure of Europe gradually changing. More and more experts, name the countries who may well follow the United Kingdom and hold their own referendums on EU membership.
 
Publication date: 15 November 08:36 AM

Donald Trump Is 45th U.S. President

The Republican candidate Donald Trump has won the U.S. presidential election 2016 and become the 45th U.S. president. The billionaire won the election in most of the states, thereby winning it with a huge lead.

 

 
Publication date: 09 November 04:37 PM

High Court of London Bans Brexit without Parliament's Consent

For those of you who don’t know, the High court of London suspended the so-called Brexit procedure a couple of days ago. To be more specific, the UK government cannot go on with the Brexit and initiate the procedure without the British Parliament’s consent.
 
Publication date: 07 November 11:18 AM

A couple of days before the election, Trump is just 2% behind Clinton

Even though more and more experts are sure about Hillary Clinton’s victory in the forthcoming U.S. presidential election, and even bookmakers think that Hillary Clinton is the frontrunner, the results of the recent surveys show that everything is not that clear. In early October, Mrs. Clinton used to outpace Donald Trump by as much as 12%, today the difference is just 2%. The latest survey was taken on November 1st through 3rd.

Publication date: 06 November 05:29 AM

UK Will Face Hard Times Because of Brexit, Theresa May Says

The current Prime Minister of the United Kingdom Theresa May gave her first big interview after coming into power a few months ago. During the interview, she warned the people of the United Kingdom about the likelihood of a difficult period they would have to face in the near future. She is almost convinced that the so-called Brexit, or the process of quitting the European Union is going to be economically and financially painful to the UK, its people, economy, national currency, and financial system.

Publication date: 03 November 01:06 PM