Sat, 09 Feb 2013 07:26:00 +0400
Investing in Israel’s residential property has recently been fairly profitable. Housing prices are growing. They have increased by 50% over the last 5 years.
You are free to discuss this article here: forum for traders and investors
Ukrainian lenders and professional advisors dealing debt restructuring are going to meet in New York this week. The meeting is designed to discuss some technical issues related to the structure of the Ukrainian debt and clarifying those ambiguous points that seem unclear to the holders of Ukrainian bonds, Market Leader reports.
Greece has been in the headlines for quite a while. The Greek economy is on the verge of falling into the abyss of recession after defaulting on its debt. However, it is still unclear whether Greece are going to quit the Eurozone. There are almost zero chances to save the day. However, the existing Greek government is currently trying to avoid responsibility for the disaster Greece has found itself in. As you probably know, the local authorities are going to hold a nationwide referendum to let the Greek people decided the fate of their homeland as well as their own destinies.
After the Greek government announced a nationwide referendum on the fate of Greece as a Eurozone member on June 28th, European banks lost 50 billion EUR or market capital, European media report.
According to the analysts working for Credit Suisse, the odds of Greece quitting the Eurozone is 1/3. They assume that in case the so-called Grexit does happen, the Eurozone is unlikely to suffer a lot for it. This opinion is included in the latest overview for investors.
According to some international web sources, Greece may well quit the Eurozone in the near future after holding a nationwide referendum on whether the government should compromise with the troika of lenders. The referendum is scheduled for July, 5th.
The never-ending talks between Greece and its lenders are still underway. While Greece want its debt to be restructured to avoid a default and Grexit, the lenders want Greece to make concessions in terms of introducing more austerity along with multiple structural reforms. Despite the fact that the parties have become closer to compromising, there are still some unresolved issues on the agenda.
The never-ending Greek talks are still underway. Greece still cannot compromise with the troika of lenders over the debt and expected reforms needed to avoid a default. While there is no solution seen as the talks are nearing the deadline, the expert community is getting increasingly convinced that Greece doesn’t want to quit the Eurozone. Yanis Varoufakis, Greek Minister of Finance, says that Greece wants to compromise and stay in the Eurozone while avoiding a default but the conditions put forward by the lenders are weird and tough.
Angela Merkel has set the deadline for reaching an agreement in the never-ending talks between Greece and its international lenders. In particular, the German Chancellor defined tomorrow’s Euro Group meeting as the dicisive event in the drama around Greece, Market Leader reports.
The difficult talks between Athens and the troika of lender has been underway for quite a long time. So, Germany seems to be determined to put an end to this long-lasting game on Saturday.
More and more analysts from around the globe are trying to predict the fate of Greece. At this point, most experts are sure that Greece is going to stay in the Eurozone, but not for a long time.
The thing is that Greece has found itself in an economic trap. The summertime is going to be the time of big debt payments, which Greece cannot afford for now. The truth is that the Greek debt is 320 billion EUR, which is 177% of the Greek GDP! Still, on top of servicing the huge debt, the Greek authorities are obliged to pay salaries, pensions and provide social guarantees along with conducting reforms.