European shares , who started the session with the intention to stage a slight rebound, again succumbing to pessimism about the lack of progress in negotiations between partners, creditors and Greece, who appeared at the Eurogroup no new proposals, to be presented on Wednesday.
European shares with declines widespread hope that the Greek government requested a third morning rescue financial, that will analyze the Eurogroup (Finance Minister euro countries) in a conference call.
Affected by the lack of progress in Greece of top European shares closed at the . floor, led by Milan, which lost 2.97%
Meanwhile, Paris 2.27% allowed; Lisbon 2.24%; Frankfurt, 1.96%; Madrid, 1.84%, and London, 1.58%.
The situation in Greece has also been felt in the bond market, where risk premiums of countries Hardware have finished higher, especially in Greece, which now exceeds 1,800 basis points, with the yield at 18.81%.
The premium Risk of Italy has risen to 163 basis points; that of Portugal, 250, and Spain, to 162 basis points.
Despite finishing a new session lower , the stock markets began the morning with mixed results, since some of them like the Spanish, tried a rebound shy, awaiting news on the negotiations between Greece and the institutions.
However, gradually, European stocks were losing steam before the negative market trend, also accused the China stock market crash.
The downward trend of the markets and the situation in Greece also weighed on the euro, which he descended $ 1.09.
Shortly after midday, European shares and increased their losses and risk premiums peripheral countries rose slightly from the opening, waiting to know the outcome of the Eurogroup meeting.
An appointment to the top of European leaders , which also meet today.
Before the first game, the president of the Eurogroup , Jeroen Dijsselbloem said they were prepared to do everything necessary to keep Greece in the euro, but warned that also it requires that any agreement with Athens to settle on a “credible” basis.
The new Minister of Finance of Greece, Euclidis Tsakalotos , attended his first Eurogroup without new proposals that eurozone partners had demanded to Athens for this meeting.
This affected back to bags , which extended losses.
In this sense, Ministers of Economy and Finance of the euro area asked Greece to submit credible to continue negotiating after Sunday’s referendum, without ruling out an eventual exit from the euro that country proposals.
German Chancellor Angela Merkel said that “there is no possible way” out of the Greek crisis without the Government of Greece will carry out the reforms and adjustments that need.
Greece is facing the first extension of corralito that was imposed nine days ago, while the European Central Bank (ECB) maintains the limit of loans to banks, which remain closed.
After the meeting Eurogroup , Dijsselbloem announced that the Ministers of Economy and Finance of the eurozone expected that tomorrow the Greek government present a formal request for access to a third rescue, by the European Stability Mechanism (ESM).
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