business
Monday, June 29, 2015
Bundesbank President Jens Weidmann has a newspaper report that voted against the ECB’s decision to keep the emergency loans for Greek financial institutions initially upright. Although there had been a large majority in the Council of the European Central Bank (ECB), reports “The World” and refers to central bank circles. In addition to the Greek central bank governor Yannis Stournaras but have Weidmann vetoed. A Bundesbank spokesman declined to comment on the report itself to the newspaper. Weidmann has long been considered a strong opponent of the emergency loans.
04:10 +++ Nikkei index suffered significant losses +++
concerns about a possible Greek default drag Stock Exchanges in Japan deeply into the red. The Nikkei index of 225 blue chips slipped temporarily by more than 440 points, or 2 percent to 20,263 points. The euro comes under selling pressure against the dollar
+++ 03:10 Official:. Greeks maximum of 60 Euro Lift +++
remain Given the acute debt crisis in Greece closed the banks in the country until July 6. This is in a study published in an official release. The bank closure order is valid until after the referendum on the proposals of the international lenders of Greece on Sunday. The daily ATM cash withdrawals are limited, according to the release for Greeks to 60 Euro per day. With the official announcement of relevant reports Greek media are confirmed. Signed the decrees of Greece Prokopis Pavlopoulos head of state and head of government Alexis Tsipras. There are measures “of extreme urgency”
02:15 +++ Greek Government:. Foreigners may continue indefinitely withdraw money +++
In spite of the now applicable capital controls in Greece should be able to further foreign visitors unlimited withdraw money at ATMs in the country. The restrictions would not apply to visitors from abroad, if they wanted to make “with a certificate issued in their country of origin credit card transactions and withdrawals”, the government in Athens announced. The Federal Foreign Office in Berlin on Sunday had Germans who travel to Greece are advised to take care of in advance with sufficient cash.
01:25 +++ traders predict turbulence on financial markets +++
For the German DAX index. Four percent are possible, so market participants to Reuters. That would be the biggest slump in three years. On Friday, the Dax had gone with relatively slight gains from trade. During the week he had gained more than 400 points.
12:35 +++ Euro in Asian trading unit under pressure +++
Given Greece’s acute debt crisis falls of value of the euro in Asian trading below the mark of 1.10 dollars. In Tokyo, the euro is trading at $ 1.0969. On Friday, the euro was traded in New York with $ 1.1160. The ECB had the reference price on Friday afternoon set at $ 1.1202.
00:10 +++ vacationers to stock up on cash +++
The Federal Foreign Office Berlin warns travelers face significant delays in the supply of cash in Greece. It advises itself early enough to stock it. The Greek banks will remain closed from this Monday for probably first six days.
23:30 +++ equipped German banks for Greeks collapse +++
German Big banks look at prepared for a possible collapse of the Greek financial system. “We are very well prepared, because we have long prepared ourselves in such a situation,” says a spokesman for Commerzbank. The German bank says it has sufficient safeguards in order to ensure their business activities and customer services. Many banks have played the real thing a government or bank failure in dry runs, as they say in financial circles. “We have an exact script for this situation,” says a leading risk manager of a major German bank to Reuters
Note.
The development of weekend you can in the Live Ticker from Sunday, June 28, 2015 and Saturday, June 27, 2015 read. The development from Friday, June 26, 2015 can be found here.
Source: n-tv.de
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