Anxiety over the financial future of Greece is only building. European equities are dramatically falling; by mid-afternoon, the Stoxx Europe 600 index was nearly one point five percent lower. At the same time, Athens’ main stock exchange fell almost 2.5%, taking declines to 41% in the last twelve months thereby making it one of the world’s worst performing indexes. Boom Bust guest host Ameera David weighs in.
Then, Ameera and Edward review the talks made by Greek finance minister Yanis Varoufakis and German finance minister Wolfgag Schaeuble at the Brookings Institution on Thursday and the very different visions the two laid out for sustainable growth in Greece and elsewhere in the Eurozone.
Afterwards, Erin sits down with Cate Long – partner at Puerto Rico Clearinghouse and founder of Multiple Markets. The two have a roundhouse conversation on the latest events surrounding Puerto Rico’s attempts to get to grips with its debt burden. Cate tells us how three cash-strapped public corporations in Puerto Rico will find the money they need to pay their creditors and gives us her take on the government’s implementing tax changes.
After the break, Bianca gives us a daily news update on other headlines including minimum wage protests in the US, German yields, Chinese property developers, and Argentina.
And in The Big Deal, Ameera and Erin discuss Etsy IPO and Yelp.
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https://www.youtube.com/watch?v=PSHxkft8OAc