This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM-Cover-Top-240714.jpg

FTSE rises on Greece austerity vote

  • Print
  • Comments (1)

The FTSE 100 has risen in early trades on the back of the decision by Greek MP’s to pass a new austerity package.

At 10.20, the blue-chip index rose by 0.9 per cent to 5904.53. Markets across Europe also rose with the French Cac 40 and the German Dax up 0.4 and 0.6 per cent respectively.

Greece needs to pass through the new reforms required by the European Union and the International Monetary Fund in return for a second £110bn bail-out. The new package includes £2.8bn of cuts.

  • Print
  • Comments (1)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Readers' comments (1)

  • As far as any hope of repaying what the EU has already poured into the country's economy is concerned, Greece is already on the other side of no tomorrow. It doesn't even have the wherewithal to pay the interest.

    At this stage in the game, further bail-outs are nothing more than desperate measures to stave off Greece's inevitable default, in the forlorn hope that by the time it finally happens, all the other countries will have managed to gird their financial loins sufficiently to be able to withstand the fall-out and that Spain, Portugal, Ireland and Italy won't follow suit, on the basis that if Greece can do it, we may as well too.

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

The Cost of Advice

Sponsored by Brooks Macdonald

Fund Data

Editor's Pick



Poll

Do you think advisers will benefit from Chancellor George Osborne's guidance guarantee?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments