Greek Leaders Have Formed a New Government

Sign Up to Receive an Email Alert when Flash Headlines are Published

 

Europe Update: Greece Has a Government

The AP is reporting that according to socialist party head Evangelos Venizelos, Greece has reached an agreement for a coalition government.

There had been numerous reports earlier that Greece was moving closer to the formation of a 3-party coalition which would include New Democracy, Pasok and the Democratic Left.

Venizelos says details are still under discussion and that the ministers of the new government would be finalized by tonight.

Bloomberg is reporting that Antonis Samaras will be sworn in a PM today.

Venizelos said that the new Greek government will for a team to renegotiate the EU/IMF bailout plan and that the upcoming EU Summit will likely be the battleground for negotiations.

Wondering what our short-term trading strategy is at the present time? Take a Free Trial of the All-NEW Daily Decision (the new “adaptive” system is now more active and more sensitive to trend changes) to find out. Even if you've taken a free trial of the Daily Decision in the past, you owe it to yourself to check out the new system.

 

Other stories on Europe to review:

• Eurozone ZEW Index Continues to Decline
  
• German ZEW Index Slides in June
  
• Greek Voters Support Euro and Bailout
  
• Spain Downgraded at Moody's
  
• Eurozone Industrial Production Declines
  
• Spanish Banks To Get 100 Billion Bailout
  
• ECB Leaves Rates Unchanged; Keeps Hope for Action Alive
  
• Germany's Industrial Production Falls
  
• Eurozone Services PMI Show Contraction Continues
  
• Is Germany Softening Stance on Eurobonds?

  iShares Eurozone - Last 12 Month

 

Remember, you are in control your email alerts! You can receive alerts for more than 25 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.