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Euro Zone May Be Unprepared For Greek Exit: Belgian Official - CNBC.com


Globe and Mail
Euro Zone May Be Unprepared For Greek Exit: Belgian Official
CNBC.com
Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances.
German Central Bank: Greek Exit Would be Big, but 'Manageable' Fox Business
Circling unity: A history of postwar Europe Minneapolis Star Tribune
Greek Exit Could Trigger a Run on European Banks BusinessWeek

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Egypt Cuts Bank Reserve Ratio With Yields Near Record Low - Bloomberg

Egypt Cuts Bank Reserve Ratio With Yields Near Record Low
Bloomberg
Egypt cut the local-currency reserve requirement for banks to 10 percent today, the second reduction this year, to free up funds for lenders as government debt yields climb to near-record levels. The central bank lowered reserve ratio from 12 percent ...

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Central Bank Action Caps Brazil Real Losses - Wall Street Journal

Central Bank Action Caps Brazil Real Losses
Wall Street Journal
By PAULO WINTERSTEIN SAO PAULO—The Brazilian real opened slightly stronger on Friday after repeated interventions by the central bank reinforced the outlook that the government won't let the real weaken much past BRL2.05 to the dollar.
Brazilian Real Strengthens Past BRL2 Per Dollar On Central Bank Action Fox Business
Brazil real rallies past two per dollar, Mexico peso falls Business Recorder (blog)
Brazilian real rises against dollar Daniels Trading

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Iran Has Set Up Alternative to Swift, Press TV Says, Citing Bank - Bloomberg

Iran Has Set Up Alternative to Swift, Press TV Says, Citing Bank
Bloomberg
Iran put in place a system for international transactions after being cut off by Swift, the global bank-transfer messaging service, Press TV reported, citing Central Bank Governor Mahmoud Bahmani. Iran already activated the system, Bahmani said ...
Iran designs alternative system for SWIFT: CBI Tehran Times

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