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Refusal of the Greek people from conditions of Europe

Most of citizens of Greece voted against the agreement causing the European lenders on Sunday referendum. Such position can significantly widen the gap between Athens and Europe, which subsequently could lead to default and exit from the eurozone. According to the results of referendum about the measures tightening economy and other reforms, about 62% of Greeks have voted for failure conditions of creditors and IMF. All Greece watched the results of referendum, its results were widely discussed in the country's capital and other cities.

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Greece can become a debtor of the IMF

Request of Greece about providing the emergency assistance was rejected at the last moment. Thus, Greece is the first developed country who could not pay the debt to IMF. Leaders of Athens announced that there actually was a request for financial assistance from the EU reserves, which is designed for two years. With its help the Greeks wanted to pay off financial problems and restructure debt. The sense in a new rescue package was about the payment of 29.15 billion euros during 2015-2017.

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Greece leaves the EU. So what?

Yannis Sturnaras, head of the Greek Central Bank, said in his speech today that in case of reticence between Athens and creditors, Greece will default, refuse from the euro and will go out of the European Union. Chairman of the Central Bank also promises big problems. However, experts advise not to panic, as these words are unsubstantiated and create the illusion of danger. On the economic side, all the problems that are described by Sturnaras will not have any serious consequences.

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Euro and dollar are under pressure due to Greece and Fed's

While EUR has struggled under the pressure of Greek crisis on Wednesday, the dollar is trying to save current positions after good data from the US housing market, which increased chances of a rate increase from the Fed in September. Now the euro is at $1.1270, rolled away from yesterday's high of $1.1330. And despite the exponential calm of European currency in market, experts believe that this is the first sign of coming storm than sustainability.

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Another four meetings of the Federal Reserve for raising of interest rates

Janet Yellen, like most of her colleagues continue to assure international financial markets that the rate will be increased this year. Based on these statements, all market participants will pay special attention to meeting of the central bank this week and try to understand the further course of the Fed.

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Brent has all chances to continue to rise in price

Recent statistics on the main benchmark grade of oil from the USA showed the total number of produced oil can be reduced in the United States, while demand is increasing rapidly. This news led to a confident price growth on "black gold" in the last week.

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Greece and IMF left the negotiations ahead of schedule

Big disagreements of Greece with IMF representatives could trigger the collapse of negotiations between two sides. Yesterday, the IMF delegation announced that they are leaving Brussels and goes home. This decision was taken after the EU demanded that the prime minister of Greece, Alexis Tsipras, stop to put his own interests above the interests of country and start thinking about how to avoid a default.

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Collapse of NZD, the RBNZ unexpectedly lowers rate.

"New Zealander" fell to the almost minimum of last five years. This is due to the fact that Graeme Wheeler, the head of the Central Bank, caused panic with his statements in the currency market. At this rate, NZD will soon reach its lowest level since September 2011, and that is all because of the fact that the RBNZ lowered its benchmark interest rate to 3.25%.

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Greece will not pay the IMF promised 305 million euros.

As it was expected, Greece is not going to pay the IMF's 305 millions euros on June 5. This refusal can go sideways to Athens, as the agreement between them and creditors has not been achieved yet. This refusal can go sideways to Athens, as the agreement between them and creditors has not been achieved yet. The Greeks are going to combine all payments into one, which will be 1.6 billion euros. A spokesman of the IMF, Gerry Rice, said that the International Monetary Fund had been warned by the Greek authorities to combine all payments into one, which must be paid till the end of June.

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IFX EXPO International is about to begin!

\r\nThis year's \r\n iFX EXPO International is taking place on the 27th - 28th of May, 2015, in Limassol, Cyprus.\r\n

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