Tuesday, July 9, 2013

From Athena: Greece Secures €4.8billion Bailout Tranche

Latest update from Athena, Greece secures €4.8bn bailout tranche, Despite the official sign-off by eurozone finance ministers, Greece still faces an uphill struggle to keep its rescue programme on track

From Belgium, Brussels bill puts German savers on hook, European Commission proposes bank resolution bill that would allow it to close any failing lender, even against advice of home state

Meanwhile latest update from Eurozone, Eurozone contagion: Greece lightening, There is no doubt that contagion has lessened markedly, but German elections will hold the key to any near-term developments

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