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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Tuesday, May 26, 2015

Euro hit by fears Greece will miss IMF repayment

All the latest economic and financial news, as talks between Greece and her creditors resume in Brussels 7.46am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Amid mounting fears of financial collapse, Tsipras instructed officials to act speedily as his government sought to defuse tensions saying it would do its best to honour its debts – even if it failed to reveal how, exactly, it would find the money to pay €1.6bn in loans to the International Monetary Fund next month.“We are very close to a deal,” the finance minister Yanis Varoufakis told reporters. “There are many different Germans, just as there are many different Greeks,” he said responding to reports that Berlin would not be prepared to retreat in what has become an all-out tug of war between the two governments. Related: Greek PM convenes emergency meeting of his bailout negotiation team Our European opening calls: $FTSE 7037 up 5 $DAX 11782 down 33 $CAC 5101 down 16 $IBEX 11259 down 64 $MIB 23269 down 17 Related: First Libor defendant faces trial in London Continue reading...


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