International news:

Greek Prime Minister Alexis Tsipras held more late night talks this week with Germany’s Angela Merkel and France’s Francois Hollande in a bid to stave off the looming default at the end of this month. Greece will be unable to pay 1.6 bill;ion Euro to the IMF at the end of June unless it gets more bailout funds from the Eurozone. But France and Germany have warned that Greece needs to take more steps to correct its finances before any more funds will be provided.

International news:

Greece has delayed a debt payment due to the International Monetary Fund today as the crisis over the Greek economy continues to dominate the Eurozone. The Greek Economy Minister said the country cannot accept the latest proposals for reforms put on the table by international creditors but was prepared to negotiate a compromise. 

International news:

The Greek electorate voted in a new left wing government this week after giving the Syriza party an overwhelming endorsement for its anti austerity programme. The new Prime Minister Alexis Tsipras moved quickly to appoint a radical left wing cabinet and has promised to open negotiations with the rest of the EU over the massive Greek debt.