Barclays Share Discussion Threads

[astol] 29/6/2015 08:18

European Commission President Jean-Claude Juncker will put forward new reform proposals on Monday at noon in Brussels in a bid to avert a debt default by Greece, EU Commissioner for Economic and Financial Affairs Pierre Moscovici has said. Speaking on French radio, Moscovici said the European Commission is willing to reopen negotiations with Athens, as there is "room for negotiation" and the sides are "centimeters away" from an agreement, Dow Jones Newswires reported Monday. Over the weekend, the Greek government moved to avoid a run on the country's banks by closing them on Monday until July 6, as Greece looks set to exit its bailout and default on its repayment to the International Monetary Fund due Tuesday.

[saltaire111] 28/6/2015 23:27

Grexit looking increasingly likely. The Greek government has clearly blown it with its aggressive and misplaced brinkmanship. Carnage on European markets tomorrow. Will get caught in the collateral damage.

Salty

[cat100] 28/6/2015 22:41

Thats it it's over

[cat100] 28/6/2015 22:41

Thats it it's over

[johnwise] 28/6/2015 21:56

What fun to watch our useless EU rulers in complete confusion. The Greek debacle and the African/Arab invasion have exposed the massive gulf between what we the people of Europe want and the self-interest of our rulers.

The people of Europe couldn’t give a toss whether Greece stays in the euro or not. In fact, most of us would probably prefer Greece to go back to the drachma then we could go there for nice cheap holidays. But our EU-rulers are desperate to keep their United States of Europe project on the rails and cannot allow the Greeks to slip away from their control. After all, imagine the popular rebellions against the EU in Spain, Portugal and Italy if the Greeks abandoned the euro, re-adopted the drachma and Greece’s economy started growing again precisely because it had left the Eurozone and the crushing hand of German-backed economic asphyxiation.

[diku] 28/6/2015 21:31

Not sure how much direct exposure UK banks might have with Greece but what about the indirect exposure with Greece via German and French banks?...
This is where the domino effect comes into play...

[philo124] 28/6/2015 19:52

Actually, this will be sub prime in reverse viz. the exposure will run from France and Germany to UK and then back to US.

[astol] 28/6/2015 18:45

As Greece’s financial crisis worsens and the possibility of a Tuesday default on its international debt grows greater, Greece’s banks will remain closed Monday, according to media reports Sunday citing the chief executive of the Bank of Piraeus.
When banks do reopen, capital controls will be imposed, according to those reports.
Greece’s stock market also reportedly will be closed.
The bank and stock-market closures may extend through the July 5 referendum on Greece’s debt proposal to its international creditors, according to reports.
Analysts had expected the bank move. See story.
It was triggered in part by the decision of the European Central Bank to maintain emergency lending to Greek banks at current levels.

[astol] 28/6/2015 18:23

The German and French Banks have most exposure to Greece debt

[milliecusto] 28/6/2015 18:08

Athens stock market to shut on monday

[lebiche] 28/6/2015 17:45

IG markets indicating DAX 500 points down.

[astol] 28/6/2015 17:38

International Monetary Fund Managing Director Christine Lagarde said Sunday that the IMF is still open for talks with Greece to find a way out of the country’s debt crisis.
“I continue to believe that a balanced approach is required to help restore economic stability and growth in Greece, with appropriate structural and fiscal reforms supported by appropriate financing and debt sustainability measures. The IMF is prepared to continue to pursue that approach with the Greek authorities and our European partners,” Lagarde said in a statement.
Her comments came as debt talks between Greece and its creditors collapsed again over the weekend after Greek Prime Minister Alexis Tsipras late Friday called a referendum in Greece on whether to accept the terms on the lenders to unlock badly needed financial aid.
“I have briefed the IMF executive board on the inconclusive outcome of recent discussions on Greece in Brussels. I shared my disappointment and underscored our commitment to continue to engage with the Greek authorities,” Lagarde said. “The coming days will clearly be important.”

[astol] 28/6/2015 17:24

International Monetary Fund Managing Director Christine Lagarde said Sunday that the IMF is still open for talks with Greece to find a way out of the country’s debt crisis.
“I continue to believe that a balanced approach is required to help restore economic stability and growth in Greece, with appropriate structural and fiscal reforms supported by appropriate financing and debt sustainability measures. The IMF is prepared to continue to pursue that approach with the Greek authorities and our European partners,” Lagarde said in a statement.
Her comments came as debt talks between Greece and its creditors collapsed again over the weekend after Greek Prime Minister Alexis Tsipras late Friday called a referendum in Greece on whether to accept the terms on the lenders to unlock badly needed financial aid.
“I have briefed the IMF executive board on the inconclusive outcome of recent discussions on Greece in Brussels. I shared my disappointment and underscored our commitment to continue to engage with the Greek authorities,” Lagarde said. “The coming days will clearly be important.”

[milliecusto] 28/6/2015 16:37

Very much in unchartered territory,just a wait and see.

[gurunostradamus] 28/6/2015 15:54

250 to 255 would be a good entry point!

[gurunostradamus] 28/6/2015 15:50

All the chart indicators suggest a correction started a fewweeks ago in early June on the main indices...Greece will be used as an excuse for a correction over the next 5 to 7 days. I cannot see a major like Barclays escaping this correction.

[diku] 28/6/2015 15:09

Apart from Barc me thinks keep an eye on where the FTSE is heading to....my hunch tells me smart money would prefer to buy in around 6200 or lower....that right header FTSE chart is a tale tell signs...currently just too much euphoria and froth in the Dow...No Advice Intended...

[astol] 28/6/2015 13:41

milliecusto-the futures before the open circa 7am will be the best imdicator of any drop in the share price and the Dax will just be opening.The way events are unfolding in Greece who knows what's round the corner-so a change in sentiment positive or negative will make for volatility.Any drop in the share price is a buying opportunity.Barclays has little exposure in Greece- Jenkins advised on Bloomberg some 2 weeks ago and I am sure most banks outside of Greece will have already made contingency plans-Its not exactly new news-but at least matters will come to a head and very soon-an interesting week ahead!!!!

[mrcravat] 28/6/2015 12:38

Robert Peston tweets support for Greek Banks expected to be turn off re Emergency Liquidity Assistance...Getting interesting

[milliecusto] 28/6/2015 12:28

Trying to figure out a possible entry point for barc,any ideas on how low it may go

[pennstreet] 28/6/2015 11:13

Could Greece's woes add fuel to the impending market correction ? Tomorrow's going to be interesting ???

[lrj] 27/6/2015 12:38

diku, you could be right. The dead Chairman Sir David Walker gone, McFarlane installed. McFarlane and Portside1 could be the same person, inside knowledge on share price, 320 by September and as a smoke screen mentions the lady off cnbc often. Answers a lot of questions...!!!

[diku] 26/6/2015 21:59

Me thinks McFarlane has been reading porty's posts here!!...he had to do something!!!....porty power....

[smurfy2001] 26/6/2015 20:58

McFarlane is the reason to remain invested here as my hope he will do wonders like Aviva (just look at the share price of that today).