Tag Archive for Exit

French bank transfers assets from Greek subsidiary – Full story

French bank transfers assets from Greek subsidiary (via AFP) French bank Credit Agricole has taken control of assets in Albania, Bulgaria and Romania of its Greek subsidiary Emporiki Bank, it said in a statement, amid concern over a possible Greek euro exit. “This intra-group transaction is the last step of a process developed since the…

Business – Matthew O’Brien – This Might Be the Dumbest Thing Europe Has Done Yet – The Atlantic

Rather impressively, the botched bailout of Spain’s banks wasn’t even the most incompetent thing Europe’s officials did on Monday. That honor goes to the guys who admitted that they have talked about instituting capital controls if Greece actually does exit the euro zone. Meaning: Europe will prevent people from moving their money across national borders…

Greek election sets up long, hot eurozone summer- Full story

Greek election sets up long, hot eurozone summer (via AFP) World leaders will be keenly watching fresh elections in Greece next Sunday that could herald its exit from the eurozone, with potentially dire consequences for Europe and the global economy. “Events in Greece could trigger financial fright in Spain, Italy, and across the eurozone, pushing…