US stock market bearish as Greek debt talks seems worsen, Wall Street opened lower on Wednesday after a setback in Greece's debt talks even as data showed that the U.S. economy's first-quarter contraction was smaller than earlier thought. There is still a little chance to close to deal
"No deal" surrounding the press, Greek Prime Minister Alexis Tsipras has attacked the stance of "certain" creditors as "strange" because they rejected proposals presented by Athens to bridge a budget gap, a government official said without referring to specific proposals or which of the three institutions Tsipras was blaming for the deadlock. Athens governor very confused by this progress
Alexis Tsipras will meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET.
As reported by Reuters, Greece needs fresh funds to avoid defaulting on a $1.8 billion debt repayment to the IMF on June 30. Six days away to the due date
"Tensions seem elevated between Greece and its creditors," said Adam Sarhan, chief executive of Sarhan Capital in New York.
"There are worries that if Greece defaults, how will it affect the global economy because of the ramifications in peripheral nations like Portugal, Spain and Italy." it will follow the debt crisis
Source : Reuters
"No deal" surrounding the press, Greek Prime Minister Alexis Tsipras has attacked the stance of "certain" creditors as "strange" because they rejected proposals presented by Athens to bridge a budget gap, a government official said without referring to specific proposals or which of the three institutions Tsipras was blaming for the deadlock. Athens governor very confused by this progress
Alexis Tsipras will meet the heads of the European Central Bank, the International Monetary Fund and the European Commission in Brussels before a meeting of euro zone finance ministers at 1300 p.m. ET.
As reported by Reuters, Greece needs fresh funds to avoid defaulting on a $1.8 billion debt repayment to the IMF on June 30. Six days away to the due date
"Tensions seem elevated between Greece and its creditors," said Adam Sarhan, chief executive of Sarhan Capital in New York.
"There are worries that if Greece defaults, how will it affect the global economy because of the ramifications in peripheral nations like Portugal, Spain and Italy." it will follow the debt crisis
Source : Reuters
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