Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we
I am tired. Sleep deprived, people Walking Around the Delaware Valley today sue. Im so cranky, im talking before my turn. My voice is butting in every where. Were not finished with the thunderstorms yet. Last gasp of this is still with us and pretty dramatically too. You see lightening bolts in kent county, delaware and heavy rain from Delaware County to Chester County right now adding to the impressive rainfall totals we a had yesterday. Lesss deal what is happening with right now. Montgomery county bucks county still pockets of heavy rain same for south jersey. We will take a look at radar coming up. We are at 60 degrees. A after this front is through and cooler air will move through we will warm up but only in the 60s instead of the 07s like yesterday. 6 15 is araphic sunrise time and eventually well sunshine. But the wind will be picking up. The rain now and then sunshine later on. Wind could gust as high as 60 miles an hour later this afternoon. We are thinking 66, 67 for a High T
Where manufacturing has taken a hit the latest survey of the sector showed a tumble to a 10 year low the institute for supply management purchasing Managers Index fell for the 6th straight month of it a sharp decline in exports and slowing Consumer Spending the contraction in the Manufacturing Sector is now fanning fears of a recession in the u. S. Lets cross over to us and always to haro on wall st. Louis spit of an irony there the whole point of the trade war is to protect u. S. Industries from foreign dominance now that that hasnt worked are we going to see a change of course. You never know with trumpet ministration youre nobody is all going to be tensions not only with china weve had the e. U. And also weve held the u. S. M. C. A. To replace not top group in congress yet the manufacturers farmers retailers and other industries all suffering through and also do consumers say keeping the economy good girls alive and unemployment rates are low will be crucial in the next president ia