Emergency Eurogroup Meeting to Discuss Greek Deal

The meeting of European Finance Ministers held in Luxembourg on Thursday, June 18 failed to make further inroads towards unlocking the Greek agreement negotiations. The European Central Bank has increased the amount of emergency funds to Greek Banks that have been hit by massive withdrawals as uncertainty about the fate of the country’s finances.

Markets face new threat as US Federal Reserve ponders interest rate rise

Janet Yellen’s decision will have global consequences – and the end of ultra-low rates could mean meltdown for indebted countries The moment US central bank chief Janet Yellen presses the button will be a massive economic event. The prospect that higher interest rates in the world’s largest economy could come this year has already sent the dollar surging against the pound and euro.