Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The meeting early Friday morning between Greece and Euro Zone officials was very optimistic.
Greece will present reforms to European leaders in a few days.
I predict an up day tomorrow.
Fresh news:::Kuwait and Opec are in the picture and production putting more oil ....
This new news will drop oil lower
Meant Oil over $1over 52 week low
Oil .01 over 52 week low...
United States still mining oil and pretty soon oil will be under $.30....
You'll be able to pick up Hero probably at the same price
Huge drop in oil overnight. Down to 42.91
Mr. Tsipras has persuaded Chancellor Angela Merkel of Germany; President François Hollande of France; the European Central Bank president, Mario Draghi; and others to discuss the Greek crisis directly with him. Whether he will clinch a deal to unlock funds and prevent a wider crisis remains to be seen.
Europe has “an overwhelming will to keep Greece in the eurozone,” Pierre Moscovici, the European Commission’s financial affairs chief, told a German newspaper this week.
Mr Dijsselbloem said on Tuesday that the worst for Greece was already over, as the country had already managed to deliver primary surpluses - generating more revenues than expenditures, excluding debt payments.
Everything going Greeks way.... Euro Zone has to comply with Greek demands or they're the ones that are going to be hurting......
Good days ahead for NBG shareholders
Crude oil touched 42.03 today.... Predictions are it could go under $20 soon
Two things you need to know.
As the sun will surely rise tomorrow these two things will also happen.
One, the euro zone will give in to Greece's demands.
Two, The United States will never let Russia get involved.
They would give aid to Greece before that will ever happen.
The smarter investors know this. Hang on to your shares.
Crude oil price down to 42.17 ...ouch
The Greek government is using Russia to get what they want.
Simply that nothing else.
Best hang onto your shares or else you will be sorry when NBG starts to fly next week after the Euro Zone excepts Greeks measures this Friday
This talk of Russia getting involved is pure nonsense...
Just dumb journalists with nothing else to write about to make money.
The euro zone will never let that happen.
United States of America would be all over that.
Germany may pay for war crimes...
In the news:
Senior German politicians have broken ranks with Angela Merkel’s government to demand that Germany pay reparations to Greece for Nazi crimes committed during the Second World War.
You could be right. Tomorrow the the US gives stock pile
numbers and experts say that it will be at an all-time high
.... so you're right; a sell off tomorrow of hero is likely
Todays news:::Crude oil under $40 a barrel very soon:
We take very seriously the concern that’s being expressed about crude-oil containment issues,” said Alan Levine, chief executive of energy brokerage Powerhouse. “We’re anticipating that prices will test down below $40.”
Hero in the $0.20 range this week with crude oil dropping at a record pace
Hero in the $0.20 range this week with crude oil dropping st a record pace
US crude settles at $43.46 a barrel, lowest since March 2009
1 Hour Ago
Reuters
PLAY VIDEO
Oil prices closed lower Tuesday on expectations of a 10th week of record builds in U.S. crude, although a weaker dollar limited the market's downside.
Real time quote 1.30 X 1.31
Wow !!! 500,000 shares were bought at end of day...
With all the good news happening I think we'll see an up day tomorrow
News just out ...
Greeces Prime Minister invited to Germany:
Merkel spoke to Tsipras by phone on Monday and invited him to Germany for talks on March 23, their respective offices said.
Ended up close to 10% in Greece. Significant move upwards and closing at very near high of day....
This week is very important and if things are wrapped up before or on Friday NBG will move up very nicely...
The outcome here can only be a compromise and shareholders of NBG will profit
Up 2% in Greece
Keep on buying here's why. The new government in Greece will get their demands met.
There are many reasons but here are the latest. if Greece exits the euro zone so will other southern European countries. Greece borders the Middle Eastern countries and the Euro Zone is using Greeces borders to keep terrorists out of Europe. If Greece's demands aren't met and they exit the euro zone it has threatened to open its borders and the terrorists will be free to roam through Europe. That's the last thing the euro zone wants.
News :People siding with Greece ...
Thousands to protest in Frankfurt against ECB 'austerity'
Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters.
The gathering follows protests in Cyprus outside a meeting of the ECB's decision-making Governing Council and marks dissatisfaction with the powerful institution, which has sought to distance itself from political wrangling in the eurozone.
"The main reason for the protest is that the ECB is in the troika and the troika is responsible for the austerity policies that have pushed so many into poverty," said Ulrich Wilken, one of the organizers of the 'Blockupy' protest which will take place near the ECB's 1.3-billion-euro ($1.4 billion) headquarters.
The trio of inspectors, or troika, includes the European Commission and International Monetary Fund and monitors countries such as Greece and Cyprus that have received international bailouts.
The ECB is also influential as a provider of finance to the banks of struggling countries and has in recent weeks sanctioned a drip feed of extra emergency finance to Greece's lenders.
Greek Finance Minister Yanis Varoufakis last week criticised ECB policy towards Athens as 'asphyxiating', a criticism also made by the protest organizers.
"They are not democratically elected, yet they push governments into taking action all the time," said Wilken. "We saw this again in the manner in which they made the terms harsher for Greece to get finance after the election."
Earlier this year, the ECB stopped accepting Greek bonds as security in return for funding, when that country's new leftist government all but abandoned its reform-for-aid pledges.
"These are the policies that they carry out from their nice new offices in Frankfurt," Wilken said.
Organisers expect 3,000 people from abroad to join the protest, with a further 7,000 coming from Germany.
[Reuters]
ekathimerini.com , Monday March 16, 2015 (10:30)
Speaking at the same conference on Friday, Varoufakis expressed confidence an agreement would be reached by April 20th.
by Taboola
MORE FROM CNBC
Buy NBG next week. Greece made a loan payment of €350 million
to the International Monetary Fund yesterday. Friday, March 20th is a big day. If Greece makes the next loan payment of €346 to the IMF this Friday and refinances 1.6 billion euros NBG shares will rise significantly. And don't forget that last week the Greek government said " it has everything under control."
From Greek news yesterday :
While Greece made a 350 million euro loan repayment to the International Monetary Fund Friday, it faces another financial hurdle on March 20, when the government has to pay the International Monetary Fund another 346 million euros and refinance 1.6 billion euros of treasury bills.
Good news :
In Greek news yesterday business guru Nouriel Roubini says Greece will not exit Euro.
11 PM news from Greece looks good:
Prime Minister Alexis Tsipras pledged Thursday that his government will pursue reforms in line with commitments to Greece’s creditors after signing an agreement with the Organization for Economic Cooperation and Development aimed at putting the ailing economy back on track.
In a news conference in Paris with OECD chief Angel Gurria, Tsipras struck a rather conciliatory tone after days of tensions between Greece and the so-called “institutions,” expressing his intention to honor pledges to the latter while also seeking the OECD’s “stamp on the reforms that the Greek government wants to push on with.”
In a statement on its website, the OECD said that it and Greece “agreed today to work together on the design and implementation of the structural reforms needed to ensure inclusive and sustainable economic growth.” Those reforms are to include boosting job creation, slashing the red tape that hampers businesses and boosting efficiency in public administration while “disrupting oligopolies and cartels through greater competition and product market reform.”
Tsipras underlined the need to deal with “historically rooted injustices and the inefficiencies of our economic system.”
In answering a reporter’s question, he also made it clear that Greece is keen to secure crucial rescue funding. “If there is no disbursement, this means someone wants to undermine the agreement,” he said. Earlier he had stressed that even if Athens does not secure the release of funding, it will meet its obligations. As regards the restrictions to liquidity from the European Central Bank, Tsipras said he did not feel he had a noose around his neck, noting that Greece was determined to reform “for the first time.”
Tsipras also repeated calls for debt restructuring, which he said “is absolutely vital.”
The premier is due in Brussels Friday for talks with European Commission President Jean-Claude Juncker and European Parliament President Martin Schulz.
Going to be a boring day today.May get some news from the talks tomorrow.
Next week should be a little more interesting news wise due to talks in the next few days.
NBG up 4 % in Greece as of now
March 12 news... everything going smooth:
The aim of the discussions in Brussels and Athens is for there to be a technical agreement by Easter so the government can then submit a multi-bill of reforms to Parliament for approval.
Prime Minister Alexis Tsipras is due to meet Organization for Economic Cooperation and Development (OECD) Secretary-General Angel Gurria in Paris on Thursday to present the government’s plans for public sector reform. The two men are also expected to sign a cooperation deal so the OECD can provide technical help on reforms.
ekathimerini.com , Thursday March 12, 2015 (09:38)
You're behind three days
Ever heard of the word ploy. The new Greek Government has. Greece may not get any money from German war crimes but I bet you the Germans will soften the austerity measures.
The reason why I say buy it now is because tomorrow the euro group and Greek politicians are meeting and they will rectify everything. In today's news it's all about Greece roughing up Euro 's feathers and that's it.... just idle threats to get a better deal tomorrow.... we should see this go up Friday or Monday
Buy it now
Down a few percentage points in Greece this morning
Half a billion is a spit in the bucket but it will help.... I guess we'll see which news has more effect on the PPS
tomorrow
You're right that the public sector has been talking about this. But I think it's the first time it's been said by the Greece government.