Source: blogs.barrons.com - Thursday, June 11, 2015 Greek stocks are in negative territory following a report that the IMF is halting Greek debt negotiations. The International Monetary Fund is yanking its team negotiating with Greece on a bailout. Agence France-Presse/Getty Images Greek Prime Minister Alexis Tsipras, left. The Wall Street Journal reports: “There are major differences between us in most key areas,” said IMF spokesman Gerry Rice. “There has been no progress in narrowing these differences recently. Thus, we are well away from an agreement.” The iShares FTSE Greek 20 ETF ( GREK ) is now down fractionally, erasing a 3% gain in earlier trading. U.S.-traded shares of National Bank of Greece ( NBG ) and Alpha Bank ( ALBKY ) were also paring gains. Updates and reaction forthcoming. See our post, Greece: Headlines On Possible Debt Agreement? , with links to stories on the European Central Bank’s overnight increase in the amount of money Greek banks can borrow from their own central bank. A table in the The Wall Street Journal story notes that Greece must pay EUR 5.2 billion ($5.83 billion) to short-term Treasury bill holders through June 19 , starting with a payment Friday.All Related
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