German chancellor Angela Merkel and French president Nicolas Sarkozy quelled fears that Greece could be
forced out of the eurozone, referring to the beleaguered country as «integral».
The news of missed debt payments by Espirito Santo International also comes on the heels of discouraging economic
data out of the eurozone.
Renzi has pledged to resign if the tally doesn't go his way, and the Five Stars Movement, which wants
Italy out of the eurozone, stands waiting to exploit the situation.
The Americans are finding it hard to control their frustration at Europe's insistence on pursuing failed policies that Washington believes risk Greece being
driven out of the eurozone and into the embrace of Vladimir Putin.
It adds to the recent spate of weaker data
coming out of the eurozone and really underlines the fact that the ECB can afford to be a little bit patient in terms of ramping up its hawkish rhetoric when it comes to its QE policy, said Bipan Rai, director of foreign exchange strategy at CIBC Capital Markets in Toronto.
Looking forward, I expect investors to continue to react positively to negative economic
news out of the eurozone, in line with the classic «bad news good for markets», taking downbeat data as a sign of continued easy money.
And if Greece can't stay solvent, it risks
falling out of the eurozone, with potential knock - on effects throughout the global economy.
The weekend decision to strip $ 5.8 bn from the savings accounts of Cypriot banking customers has blown a hole in the EU's ambitious reforms billed as the
route out of the eurozone crisis, while potentially undermining a growing reliance at banks around the world on funding their operations with customer deposits.
At the time of writing, the EUR was flat at $ 1.213, with market risk sentiment, today's
stats out of the Eurozone and a heavy set of stats out of the U.S later today key drivers.
«Some of us want the UK government to use the influence it says it has at the IMF to halt the futile
bail outs of Eurozone members.
And it's thanks to the leadership of someone else here today that we have kept
Britain out of the eurozone bailout of Greece, and out of their permanent bailout fund - our Prime Minister, the country's leader, David Cameron.
The study comes at a pivotal moment for Europe, with many still reeling from an intensely bad tempered loan negotiation process which saw Greece nearly
thrown out of the eurozone.
Some say a Greek
exit out of the Eurozone would be significantly less impactful today than a few years ago, yet it's an increasingly likely reality that, ultimately, no one wants to deal with.
Athens (AFP)- European leaders were on Monday scrambling for a response to a resounding «No» from Greek voters in a referendum on austerity which could send the country
crashing out of the eurozone.
Getting into action in those two areas will make a way bigger difference than the sleepless nights you've been spending worrying that Greece will be
kicked out of the Eurozone.
The most feverishly debated matter, although, was Grexit — the authentic probability, dismissed till just lately as outlandish, that Greece could crash
out of the eurozone.
In fairness to the Conservative - led government, they have been clear that they believe Britain belongs in Europe and
out of the eurozone.
Britain, Denmark and Sweden negotiated successful opt - outs from the Maastricht Treaty in 1992 that kept all three
out of Eurozone.