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Tuesday, June 16, 2015

Greek crisis: stock markets slide as default fears grow

Pressure is building on Greece and its creditors ahead of Thursday’s vital meeting of finance ministersGreek woes drive shares to four-month lowsIntroduction: Capital controls report looms over GreeceECJ to rule on ECB’s bond-buying programmeAustrian chancellor to visit Athens 9.04am BST The cost of insuring Spanish and Italian debt has risen this morning, in a further sign of jitteriness.Spanish and Italian CDS spreads jump 10bps on #Grexit fears http://t.co/wb91mQtrUk pic.twitter.com/MSuQCRba81 8.57am BST The Greek stock market is feeling the pain too. The main ATG index fell by 1.5% at the start of trading, adding to yesterday’s side of nearly 5%. Continue reading...


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