: Markets seemed to have stabilised after recent slumps caused by fears over the indebted Mediterranean nation, according to Australian Broadcasting Corporation. On Wall Street, the Dow Jones took back yesterday loss, rising 0.6 per cent to 17,904. Related Story: Greece ready to 'resume negotiations' as default, eurozone exit loom Related Story: Greece last-chance IMF talks end with no deal Map: Greece Markets rose strongly overnight despite the situation for Greece looking worse and a lack of any strong data to buoy trade. The S&P 500 rose 0.6 per cent as well, closing at 2,096. It pushed US Treasury secretary Jacob Lew into the debate. Greek debt talks failed to progress overnight and may actually have gone backwards after prime minister Alex Tsipras accused international creditors of trying to humiliate the Greek people and called on Europe to reconsider its support for major reforms. "The fixation on cuts ... is most likely part of a political plan ... to humiliate an entire people that has suffered in the past five years through no fault of its own," Mr Tsipras told his Syriza party.
(news.financializer.com). As
reported in the news.
Tagged under , topics.