A member of Merkel's party sent a strict warning to Greece

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Source: Reuters

On Monday, August 13, Michael Fuchs, which is the senior member of Angela Merkel's party sent a strict warning to Greece, saying that Greece will not get financial help, in case they do not meet the conditions of nation's bailout. Meanwhile, the "troika" is to decide in September, whether to give Greece another tranche, from the financial bailout package, of total value of 130 billion euros, or not.

 

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Tue, 14 Aug 2012 07:07:08 GMT

U.K. house prices drop

U.K.'s property prices posted a biggest fall in a year through July, and analysts don't expect the outlook to improve during the next 12 month, the Royal Institution of Chartered Surveyors said on Tuesday. RICS reported housing price balance dropped to -24 in July from -22 in preceding month, the figure shows the difference between surveyors reporting a price fall

Tue, 14 Aug 2012 17:54:30 GMT

Single currency advanced after four days of losses

The shared currency advanced after four days of losses, as investors made bullish bets for ECB's bold actions to lower Italian and Spanish borrowing costs. The Euro jumped 0.4% to $1.2340, with a session high $1.2359 and was higher versus the Japanese yen, adding 0.5 per cent to 96.64 per yen. On the contrary, the ICE dollar Index erased 0.22% to 82.38.

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