Greece online property auctions attract interest from Russians Chinese

Greece has a business and financial, social effect in its modern economy.
There is growing international interest in the acquisition of properties in Greece via online auction and other sales that local banks are resorting to in a bid to reduce their losses from nonperforming loans.

The low prices and the prospect of future capital gains, as well as the timing of Greece’s expected exit from the bailout program, have boosted the appeal of the local property market, not only in the eyes of foreign investment funds but also individual foreign investors from Russia and China.
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Will Greece get no bailout money this month

Greece and economy

Reuters reports that Greece may not take any bailout money this month.
The article mentions that structural reforms are being delayed,and these reforms are necessary for bailout money.It is fair.The question is why Greek government delayed these reforms that are necessary to boost Greek economy and one day Greece get out of recession and stand on its own feet with interventions from any foreign institutions.

Six reasons why Greece should default – The Curious Capitalist –

Six reasons why Greece should default – The Curious Capitalist –

From all reasons maybe sixth is the most important if Greece should default or not.
Sixth, the bailout program is pushing Greece towards complete economic and social turmoil.

Costly bank hole looms as Greeks mull crisis plans

Costly bank hole looms as Greeks mull crisis plans – Yahoo! Finance.

Europe’s banks face a capital shortfall of hundreds of billions of euros if Greece forces them to slash the value of its debt by 50 percent, and other troubled euro zone countries like Italy and Ireland follow suit.

Pressure on Europe to shore up its banks — if necessary with capital from taxpayers’ pockets — is building, as talk of a possible Greek default gains pace.

Banks could probably cope with a Greek default — analysts at Nomura put the total damage at 40 billion euros ($54 billion ) — but markets would then focus on bigger countries and debt writedowns right across the region.

Greece Nears the Precipice, Raising Fear – Yahoo! Finance

As concerns grow that Greece may default on its government debt, economists are starting to map out possible outcomes. While no one knows for certain what will happen, it’s a given that financial crises always have unexpected consequences, and many predict there will be collateral damage.

via Greece Nears the Precipice, Raising Fear – Yahoo! Finance.

Will Greece Recover?

Will Greece Recover?

The market tanked on Friday and it appears ready to tank again on Monday. Volume was high as SPX shrank nearly 3% and the bulls lost 1175 support. The declines were everywhere, but financials once again fell the most.

Financials are down 18% in the last three months and 25% in the last six. Big banks have taken the brunt of selling this year and for good reason. Economic conditions have weakened and European nations could still leave the euro zone or declare bankruptcy.

Greece is the obvious example of a problem nation. It’s already had a few bailouts over the years, and it will need another round of bailout money to keep the lights on next month. In the past, Greece was able to obtain money without too much trouble…

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Greece financial news

Greece financial news

  1. Greece Default Risk Jumps to 98%
  2. Greece the New Lehman Brothers? How to Prevent Contagion

So everybody think that Greece will default in the next five years.And speculate in the financial markets about Greece bankruptcy.

If only We Greeks had a bold and not corrupted Government!