The eurozone's finance ministers have signalled that Greece could still get a loan
instalment it needs to avoid bankruptcy. But they said the final decision will be
delayed until later this month.The move comes amid ongoing concerns that Athens may
not be able to reach deficit and spending targets set by its lenders.
Meanwhile,
World
stocks hit a fresh 15-month low today and the dollar rose to a nine-month peak as
fears over a major banking crisis in Europe mounted.
The sharp decline was
also influenced by expectations Greece could soon default, accelerating a global economic
slowdown.
“I think that we’re going to see this roller coaster continuing
until we have a number of firm resolutions in place”, says Vanessa Rossi, Economic
Adviser to UK based analysis company Oxford Analytica.
She also told Lydia
O’ Kane that at this point the euro currency is not in any danger.Listen