Stocks and bonds boosted after Greek finance minister removed
Eurozone stocks and bonds rose in response to the removal from front line negotiations of Yanis Varoufakis, the Greek finance minister. Over the past few weeks, it is evident that frustration has been mounting over increasingly difficult talks amid accusations that Mr. Varoufakis is an awkward and unnecessarily fussy negotiator who is failing to get to grips with the bigger issues as time runs. Whatever the details, is clear that the antagonistic meeting over the weekend in Riga accomplished little and his departure may bring Brussels one step closer to a new bailout package. Both French and German stock markets moved up towards +1% gains for the day having been down 1% this morning. The Greek 10-year yield fell over half a percent to 12.17%.