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Greek Stocks Soar Most Since Election On Deal Hopes
Greek Stocks are up over 7% this morning as yesterday's denied deal rumors have escalated into great deal hopes amid bank deposit runs and ELA increases. For context this brings the Athens index back to 3-day highs and is the biggest move since the optimistic surges we saw right after Tsipras was elected in late-January...
Greece soars to... 3 day highs.
It's not like we have not seen this before...
Charts: Bloomberg
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Waiting for Martin Schultz to tell us Europe is fixed and open for business.
Moron.
Throw those pathetic Greek dead beats out of Europe already.
Any chance I can get a little change to go with the hope?
BTF3DH!!!
Well, since the Greek people are apparently OK with the Troika's demands now, I think the bankers can finally hoist the "mission accomplished" banner and pop the bubbly.
See, this is what I don't undestand. Are the Greeks so stupid that they cannot understand the thing they want to badly to keep ahold of is what is killing them?
Its like seeing druggies peeing the subway.
I'm gonna say yes to that question.
Beware of Greeks bearing gifts!
Is there somthing going on in Greece???
Right now I think the only matter of concern to Germany is somehow cajoling, or tricking, the Greeks into not vetoing the extension of anti-Russia sanctions which are due up for debate in two weeks time. Which sanctions expire in August 2015 if vetoed.
And, of course, Merkel and pals are just following orders to "Fcuk the EU".
That's fucking Victoria Nuland's job...That's her fucking job.
George Carlin
fast forward ten years and the headline will be the same
I'm tired of the 'everything hangs on Greece' meme anyway....time for a new world market driving meme.
I think I;ll put a 100 on Red and hedge that with 100 on Black. Okay Spin
Be Advised: At the Greek tables, the ball has a very high probability of dropping in the Green pockets.
Hallaleuya the euro...
I mean money printing...
I mean
GREECE IS SAVED! GREECE IS SAVED!
REPENT SINNERS! YOU HAVE DONE WRONG!
Yawn, tell me what do the Greeks contribute that the world markets are so hung up on? Zero that's what. This is just more thievery using the Greek debt bomb as a cover up .
And an easy way to smack presious metals around....
Looks like Greece isn't going to default.
Greek reform dance - zero steps forward, two steps back... (then repeat)
Greek Government restores Pensions back to 2012 levels -
Ruling on pension cuts will cost Greece 1 to 1.5 bln euros. (Thursday June 11, 2015)
The Greek government will have to find 1 to 1.5 billion euros to cover the cost of a Council of State decision published on Wednesday,
which calls for pensioners in the private sector and at state-owned corporations (DEKOs) to have their retirement pay restored to 2012 levels.
In a majority decision (14 vs 11), Greece’s highest administrative court judged the reduction to main and supplementary pensions legislated in late 2012 as being unconstitutional. The ruling affects some 800,000 pensioners who earned more than 1,000 euros a month.
It is estimated the decision will lead to pensions between 1,000 and 1,500 euros rising by 5 percent, those between 1,500 and 2,000 increasing by 10 percent and those over 2,000 seeing a rise of 15 percent. The court said the government should have carried out a study on the impact these cuts would have had on the pensioners affected.
The Council of State, however, decided that pensions should not be restored retroactively apart from some 2,000 individual cases where pensioners appealed the reductions on their own. This means that, apart from the latter cases, the government will have to find a way to increase the pensions in question from this point on rather than find the funds to cover the income the pensioners lost as a results of the cuts over the last 2.5 years.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_10/06/2015_550910
In 2012, Greece spent more relative to GDP on pensions than any other EU nation.
The 17.5 percent of GDP it spent compared with the EU average of 13.2 percent, according to the most recent Eurostat figures.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_11/06/2015_550942