Global Fundi Finance

With the real likely possibility that the EU finance ministers will offer a new round of financing for Greece it seems that the Greek negotiations continue amid a series of rumours that a resolution is close to being agreed, but still nothing official. The Prime Minister Lucas Papedemos announced there was an outline deal on all aspects [...]

When the Greek Prime Minister George Papandreou pledged to put the Eu’s latest bailout package to a referendum it seems like world markets tumbled amid speculation that this could be a ploy to abdicate responsibility for Greece’s issues and maybe even to force the first country to be kicked out of the EU – a very [...]

Slovakia made a decision against the eurozone’s bailout so it is not surprising that the Euro continued to advance against the U.S Dollar yesterday and peaked close to 1.37 with the strongest 1-day gain for 12 months. There is further optimism that Euro-zone leaders could re-capitalise the banking sector by the end of the month [...]

This last week, the Office for National Statistics in the UK confirmed with its second estimate that the UK economy grew by 0.2% in the second quarter of 2011.  George Osborne has come under fire from the opposition who claim that VAT hikes and overzealous austerity measures were hampering the recovery for the country.  However, [...]

This is a ping pong battle going on – debt crises, Italy, Greece, Spain, Yes, no – such is the nature of the beast. The Pound has surged back above 1.60 against the U.S Dollar today, bouncing back from a six-month low earlier this week, after Chinese economic growth exceeded initial forecasts and the Chairman [...]

The Euro plunged to the lowest level in seven weeks against the U.S Dollar, while the single currency also lost ground versus all of the 16 most actively traded currencies. The Euro also traded at a near record low against the Swiss Franc, as EU finance ministers vowed to take fresh steps to ensure debt [...]