(The following statement was released by the rating agency) LONDON, June 29 (Fitch) The increasingly large budget gap in Zambia may prove costly to finance, Fitch Ratings says. Domestic financing conditions are constrained, and new external financing could push government debt toward 40% of GDP by end-2015…
BERN, June 29 (Reuters) – Denmark’s central bank is not seeing strong currency flows in or out of the country, one of its governors said on Monday, amid concerns that a growing risk of a Greek debt default may spark huge flows into safe-haven currencies such as the Danish crown.
ATHENS, June 29 (Reuters) – Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.
These heartbreaking pictures of elderly people lining up outside banks sum up the chaos in Greece right now
Greece shocked the world by announcing a referendum on Friday and immediately placed strict capital controls on the country’s banks to stop locals siphoning out cash. People will be only allowed to withdraw just €60 (£42.30, $66.40) per day. While European markets are going crazy and investors are preparing for the country to default on its €1…
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