International News
Greece and it's creditors currently diverge on views over pension, labor reforms and budget deficit targets but also on how close they are to an agreement. A government official yesterday released a statement claiming they are close to a full agreement on a “staff level accord” in which Greek bank deposits and pensions are safe guarded. The news resulted in euro strength across the board. Athens is expected to meet its €300m IMF loan repayment on June 5, but not the three further repayments in mid-June. G7 meetings are underway in which the US and other non Euro area officials will add pressure to find a resolution [...]
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