Investors shaken by bailout impasse

p43563World-News-5-1

Published: Monday 15th June 2015 by The News Editor

Comments (0)

Investors in Greece have been rattled by the failure over the weekend to break a months-long deadlock in the country’s bailout talks with creditors.

Shares on the Athens Stock Exchange were 6% lower in early trading, and markets opened lower across Europe.

The talks in Brussels between negotiators from Greece and bailout lenders failed to bridge differences despite mounting pressure on Athens, which has taken the emergency measure of bundling its June repayments to the International Monetary Fund until the end of the month.

Prime Minister Alexis Tsipras told the Efimerida Ton Syntakton newspaper today that eurozone and IMF lenders had demanded a new round of pension cuts, which his government had rejected.

Published: Monday 15th June 2015 by The News Editor

Comments (0)

Local business search