Growing concerns about Greece…

Monday, 23 July 2012 04:47

In the morning German DAX lost 1.5%., the French CAC40 and FTSE250 in the UK 1.6%. Markets are concerned that this week’s visit of the Troika in Athens reveals that the Greek government does not meet the conditions to get help. Again, the ability of Greece fighting the crisis is questioned.
The International Monetary Fund signaled the EU that it will continue to participate in the financing scheme for threatened bankruptcy of Greece.
Tomorrow Troika’s representation will go to Athens to decide whether the next tranche of aid to Greece will be paid.