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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 01, 2015
Page
11
Greece nears a historic default as the five year bailout expires at midnight CET and authorities warn of a 1.6 billion euro IMF payment. creditors rejected a last ditch extension, while Tsipras pushes a referendum on a creditors’ deal despite banking restrictions.
New York stocks rose modestly as investors weighed ongoing Greek negotiations with creditors. The market recovered after a sharp drop sparked by stalled talks as Greece nears the end of its bailout program. Prime Minister proposed a two year plan, while Europe’s Dijsselbloem urged decision on continuation.
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