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  • 4y
    im197 im197
    Hello Mads.

    I was in your presentation in Athens just when SYRIZA had come to power.
    I remember we discussed how the showdown be between Greece and...
    4y
    Zdravkov Zdravkov
    @im197 if the answers of first two questions above is YES, NBG is for taking.....
    4y
    Mads Koefoed Mads Koefoed
    1) The reforms will eventually be beneficial, but are no short-term fix. Furthermore, the (rather steep) wage deflation in Greece has helped improve competitiveness considerably.
    2) We maintained...
  • Article / 10 August 2015 at 14:00 GMT

    Greece edges towards a third bailout

    Managing Partner / Spotlight Group
    United Kingdom
    Greece edges towards a third bailout
    Just as tourists are heading south to the sun-kissed beaches of the Aegean so too, it appears, will a further package of euros. The country's Eurozone creditors, however, are deeply sceptical about Athens' implementation of this or any other plan.
    Read the article
  • Editor’s Picks / 05 August 2015 at 13:36 GMT

    Greek banks can't find a buyer

    Bloomberg
    Greek equities are a bear's paradise lately, with valuations dropping and buyers fleeing as the country struggles to incorporate the terms of the bailout package imposed by its European creditors. Nowhere is this more evident than in the banking sector, where Greece's big bank stocks are in their third straight day of declines following the re-opening of the Athens exchange on Monday. Today's session has seen both Piraeus Bank and Alpha Bank AE lose over 29% of their share value while Eurobank Ergasias SA plummeted 15%. The National Bank of Greece is down 26% in today's session and has lost over 50% of its value since Monday. In total, Greek stocks have given up more than 88% of their value since 2007 says Bloomberg's Sofia Horta e Costa
    Read article on Bloomberg
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  • Editor’s Picks / 04 August 2015 at 9:37 GMT

    Will Greek stocks ever recover?

    CNBC
    Greek equities plunged lower Monday as the Athens stock exchange opened its doors following five weeks of closure. While the index recovered some of its initial, 24% drop over the course of the day, the impact of the crisis was tremendous, knocking banking stocks down by 30% to their daily volatility limit. Some analysts, however, remain sanguine regarding Athens, with CNBC quoting Beta Securities' managing director Evangelos Charatsis as stating that "I believe the selloff won't go much further". Capital Economics' Jonathan Loynes was less hopeful, and said that he believes a Grexit remains possible given the conditions of the controversial bailout plan.
    Read article on CNBC
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  • Article / 04 August 2015 at 8:00 GMT

    From the Floor: Beijing cuts shorts

    Head of Editorial Content / Saxo Bank
    Denmark
    From the Floor: Beijing cuts shorts
    Today's Asian session saw two key rallies: one in the AUD after Australia's central bank hinted that the bottom may be in, and one in Shanghai where Beijing moved to cut short-selling of its teetering benchmark index yet further.
    Read the article
  • Squawk / 23 July 2015 at 9:01 GMT
    Greek budget deficit at €1.4 billion in Jan-Jun 2015:

    The Greek economy has been in a state of turmoil in the first six months of 2015 as Greece and its creditors were negotiating a new bailout.

    The economy fell back in recession as a result, but the public deficit nevertheless narrowed in Jan-Jun compared to the same period in 2014. The deficit stood at €2.4 billion in 1H'14, but was "only" €1.4 billion in 1H'15 driven by lower expenditures. And if we exclude interest expenses and look only at the primary balance then it has a surplus of €1.9 billion, more than twice that of H1'14.
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  • Article / 12 July 2015 at 23:25 GMT

    The Macro Take: Another new line in the sand for Greece

    Global Macro Strategist / Saxo Bank Group - Singapore Hub
    Singapore
    The Macro Take: Another new line in the sand for Greece
    A total rejection and ejection of Greece appears to be off the table and while no deal was struck over the weekend, the country has until July 15 to approve a new package before any money is released. If a deal is done then it's risk-on, while no resolution will be a massive risk-off and present a great buying opportunity. Meanwhile, after a tumultuous first half, I thought I'd put together an early Christmas wish list.
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  • Article / 10 July 2015 at 8:00 GMT

    From the Floor: Risk on

    Head of Editorial Content / Saxo Bank
    Denmark
    From the Floor: Risk on
    Thursday saw Greece submit a proposal that was very close in its details to previous offerings from its creditors. The news boosted markets, but the Eurogroup and the Greek parliament still need to have their say. In China, Shanghai continued its government-aided rally, sending equities higher as risk-on sentiment took hold.
    Read the article
  • 4y
    Mads Koefoed Mads Koefoed
    A Eurogroup meeting is scheduled for Saturday while EU leaders convene on Sunday.
    4y
    Steen Thaulow Olsen Steen Thaulow Olsen
    What about the referendum? They forgot about it now? Will of the people? .. anyone? If I were Greek I´d be furious..