Sunday, 5 July 2015


Greece's rejection of a set of repayment terms offered by its international creditors is likely to be the biggest factor driving stocks when opening bells sound in global markets on Monday.
The Greek people decided that the poll—rather than a vote on euro membership as some in Europe had warned—was in fact a vote on the austerity policies which have contributed to ordinary Greeks feeling much worse off. A lot of the market's reaction may depend on whether investors believe they won't have a messy departure from the single currency as a result.

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