Mercoledì, 17 Ottobre 2018

European markets down amid Greek crisis talks


(ANSA) - Rome, August 22 - The spread between Italian
10-year-bonds and the benchmark German bund inched up and
markets were down across Europe Wednesday as investors grew
nervous ahead of a series of meetings this week over the
eurozone debt crisis.
Statements earlier Wednesday by key figures in the crisis,
like German Chancellor Angela Merkel and Jean-Claude Juncker,
the president of the Eurogroup of finance ministers, seemed to
indicate that Greek efforts at improved aid terms were thin.
Greek Premier Antonis Samaras met with Juncker late
Wednesday afternoon and is scheduled to meet with Merkel on
On Saturday the Greek leader is meeting with French
President François Hollande.
At issue is whether Greece has done enough to receive its
next tranche of bailout money, without which the country would
basically be forced into a default. Samaras would like more time
to implement austerity measures.
The spread between Italian 10-year debt and German bunds, a
barometer of Italy's borrowing costs in the eurozone crisis,
reached 420 basis points, up from 406.1 basis points at the open
of trade.
All the main European stock markets ended the day in the
London's Ftse-100 index lost 1.42% to close at 5,774.20
Frankfurt was down 1.01% finishing at 7,017.75 points.
The Paris Cac 40 index was down 1.47% to close at 3,461.65.
Italy's main stock index, the FTSE-Mib, finished the day
down 1.1% at 15,161.
Madrid's bourse was down 2.7% to close at 7,340.70.

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