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13 Jun 2013
Flash: Greece flashpoint surfaces – Deutsche Bank
FXstreet.com (New York) - Some of yesterday's late European selloffs were attributed to talk of a "no confidence" vote in Greece.
According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Greece's government came under some pressure from junior coalition members in the Pasok and Democratic Left parties following public anger over the sudden closure of the Hellenic Broadcasting Corporation (ERT) on Tuesday night.
The ERT had a combined audience share of 13%. PM Samaras described the closure as a necessary process before a relaunch of the broadcaster in a slimmed-down form later this year. A number of Greek labor unions have planned a protest in the Greek capital today to voice out against the closure. Greece's ASE Index fell 3.2% after the country became the first developed nation cut to emerging-market status by MSCI Inc. In other changes announced by MSCI, Qatar and the United Arab Emirates were raised to emerging markets, while Morocco was cut to a frontier market.
According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Greece's government came under some pressure from junior coalition members in the Pasok and Democratic Left parties following public anger over the sudden closure of the Hellenic Broadcasting Corporation (ERT) on Tuesday night.
The ERT had a combined audience share of 13%. PM Samaras described the closure as a necessary process before a relaunch of the broadcaster in a slimmed-down form later this year. A number of Greek labor unions have planned a protest in the Greek capital today to voice out against the closure. Greece's ASE Index fell 3.2% after the country became the first developed nation cut to emerging-market status by MSCI Inc. In other changes announced by MSCI, Qatar and the United Arab Emirates were raised to emerging markets, while Morocco was cut to a frontier market.