greece

Greek Dept Crisis is on news again, investors are wary

Amidst all the Brexit furore, it is easy to forget that 2 years ago, all the talk was about a “Grexit”. Greece’s struggles with its unsustainable levels of debt prompted many analysts to suggest that a divorce from the EU (and a single market exit) was inevitable – in the end, they got the wrong country, and the wrong reason!

But this week the focus has switched back to Greece, after the International Monetary Fund (IMF) once again called for Greece to receive debt relief, to the annoyance of its current creditors.

The country is still waiting to receive cash from a bailout agreed all the way back in 2015, so it can meet debt obligations, but this is not happening, and investors are getting spooked.

Greece’s third bailout since 2010 has been indefinitely frozen and while the IMF waits for Athens to implement promised reforms, the Eurozone are reportedly reasonably content with the progress the country has made. There are a host of unresolved issues here, but the prospect of Greece dropping out of the Eurozone are faint.

The re-emergence of the Greek problem damaged the Euro’s performance against the pound this week, according to Future Currency Forecast; but it wasn’t long before Brexit reared its ugly head once again – the unchecked progress of the Article 50 bill through parliament causing consternation as MPs signally failed to push the case for increased involvement in the process, which is scheduled to take 2 years at least.

Comparison tool

Sending Currency
Buying Currency
Send USD Receive

Nicola O'shea

Was going to use our local Post Office until I realised by using your comparison chart how they're loading the exchange rate. You've given me an extra $50 AUD by using Xendpay

Chloe Rogers

Your site is top, thank you. I was going to use my bank and but came across you on Forbes site, I am glad I did. I went on and used Torfx very good service got the rate right, saved me money compared to many others you list, they even helped me get an aussie bank account. Once again thank you for help!
Repatriating funds - sending money back home

REPATRIATING FUNDS – TRANSFERRING MONEY HOME

When returning funds, profits or receipts from overseas back to your home country, the process can seem daunting. It is just a question of understanding the relevant regulations and tax rules. At The Money Cloud, we show you how to get it right first time and how to maximise your money.

regular overseas payments

MAKING REGULAR OVERSEAS PAYMENTS FOR YOUR BUSINESS

If your business makes regular overseas payments, the costs associated with fees and exchange rates can mount up. We show you the best methods for saving money and taking advantage of superior exchange rates. Demonstrate the considerable savings your business can make over time.

Market Insights

Sign up for our newsletter.

Thank You for subscribing to our Newsletter

You have successfully signed up to our Newsletter