Greece Needs Second Financial Bailout?

.

Greece Needs Second Financial Bailout?

Since Monday, following the collapse of the banking shares, the European stock markets have been contributed with a drop down. The investors were quite worried in regard to Greece needing a second financial bailout in just a year’s time.

However, there have been reports that Greece no more is considering to use euro, but still investors are anxious to know if it needs more assistance from the eurozone and the International Monetary Fund. Reason behind this is their un-ability to tap bond markets.

The euro presently is found to be under pressure and there are few stocks also that are being pressurized due to the restructuring of Greece's debt woes.

In this regard, Carl Campus, an analyst at BMO Capital Markets, said "Uncertainty over new bailout terms for Greece, and their implications for Portugal and Ireland, remain a dark cloud in the region".

After acknowledgement from the EU officials regarding Greece needing more help, many investors have a changed percept for them. For many, this restructuring of Greece's debt is just inevitable.

Therefore by now, the Greek bonds holders have to admit that the value of their assets instead of being the one when they first bought them is now totally different.


Latest News

A Rise Noted in U.S. Jobless Claims
New FAA Report Reveals Surge in Near-collisions Between Airliners and Drones
OPEC Members to Meet This Week to Decide on Supply Cut Issues
Tiffany & Co Posted a Lower Than Expected  Q3 Report
Best Growth in a Decade for the US Economy
Thanksgiving and Black Friday Shoppers Expected to Start Shopping on Thursday
Some Things You Need to Know About Thanksgiving Travel
According to New FDA Rules Menus will List Calorie Counts
1,200 Pounds of Ground Beef Recalled by Ranchers Legacy Meat Company Due to E. c
Uber Needs to Mend Ways to Correct its Image
Amazon Fire TV Stick will offer stiff competition to Neflix and Hulu Plus
New Chromebook buyers get 1TB free Google Drive storage space