Gladiator Finance's Major Day for Greece and the European Union 20th February 2015

At Gladiator Finance our aim is to provide innovative, highly customised and bespoke solutions and advice that are infinitely more personal and independent than any offered by your bank or other financial advisory firm.
By: Gladiator Finance Public Relations
 
Feb. 20, 2015 - PRLog -- At Gladiator Finance our aim is to provide innovative, highly customised and bespoke solutions and advice that are infinitely more personal and independent than any offered by your bank or other financial advisory firm.

Working from within a stable and highly regulated European environment, our highly skilled and experienced advisers offer standards of continuity and service that are so often missing from larger, albeit much less personal, banks and financial institutions.

Gladiator Finance's Major Day for Greece and the European Union 20th February 2015

Just a day after the Greek's officially requested a 6 month extension, which was immediately dismissed by the Germans, Europe's Finance Ministers meet again in Brussels to look to establish some way forward.

Later today the European Union will hear from the new Greek FM, Yanis Varoufakis as he looks to secure a unanimous decision from the group which will allow Greece a further 6 months to arrange a repayment program which eases off on some of the austerity they are currently going through.

This past week has seen several meetings all over Europe and the end result has been the same each time. No changes to the bailout exit and no extensions until the terms are significant and substantial enough to warrant a change in the program exit.

With the 28th looming ever closer, the move made late yesterday is obviously not good enough for the majority of the European leaders and it is now hard to see whether any type of renegotiations can be agreed by any parties as so far the meetings held have not resulted in any positive outcomes.

With Greeks banks managing to secure additional funds from the ECB to delay a possible situation where the banks have no cash, the country is indeed in a serious mess at the moment and the rest of Europe will be watching to see how they are treated.

One of the key problems is the fact that it was not just Greece that faced austerity. Italy, Spain and Ireland all had hardships and it will be hard for them to ease up on Greece considering their voters put up with the hardships themselves.

It is an awkward time in Europe and the longer this situation continues, the chances increase that Greece may have no other option but to leave the European Union.

Major European Indexes - 19th February 2015

FTSE 100 - 6,888.90 (-0.13%)

DAX - 11,001.94 (+0.37%)

CAC 40 - 4,833.28 (+0.71%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Gladiator Finance. All market data within this release is for your general information and enjoys indicative status only. Gladiator Finance does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.

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