Tuesday, June 16, 2015

EU OFFICIALS DISCUSS GREECE AMID IMPASSE

Senior European officials are meeting in Brussels to discuss Greece, with the country teetering on the edge of default.

It follows reports some EU politicians are pushing for capital controls to be imposed in Greece to stop the outflow of money, if a debt deal can't be agreed by the weekend.

Greece is being urged to agree to a series of reforms in exhange for bailout cash.

If a deal isn't done within days, Greece could effectively be bankrupt.

European stock markets have opened lower again after a major sell-off on Monday.

And Laith Khalaf of stockbroker Hargreaves Lansdown says borrowing costs are jumping too.

IN: "Those...
OUT: ...this month."
DUR: 36 seconds