Luxembourg
Greece enters fateful week as Brussels talks end fruitlessly
By Jonathan Stearns & Marcus Bensasson
Greece enters what could be a defining week after last-ditch negotiations between representatives of the Greek government and its creditors collapsed on Sunday.
Greece Fails to Agree on Cash-for Reforms Deal with Creditors, Grexit Fears Mount
Greek and EU officials have failed to hammer out a cash-for-reforms deal at the latest round of their talks in Brussels on Sunday.
"While some progress was made, the talks did not succeed as there remains a significant gap," the European Commission said.
No breakthrough in weekend talks between Greece and lenders
Talks between Greece and its lenders ended with no breakthrough on Sunday evening in Brussels, with Thursday?s meeting of eurozone finance ministers now being identified as the next opportunity for an agreement to be reached on the measures needed for Athens to unlock another 7.2 billion euros in bailout funds and avoid a potential default.
Major funds draw up plans to leave London if Britain quits EU: Paper
Several of the biggest fund managers based in London are drawing up plans to move trillions of pounds of assets and thousands of jobs outside of Britain should the country vote to leave the EU in a referendum due by the end of 2017, the Sunday Times said.
Reuters: Euro officials openly consider Greek default scenario for first time
Reuters reports that top EU officials have for the first time discussed the possibility of a Greek default, with three main scenarios emerging. The least likely, according to reports, is a deal to free-up bailout funds in time to meet all of Athens’ June obligations to creditors, particularly the IMF.
Eurozone formally discusses Greek default for first time
Senior EU officials have formally discussed for the first time a possible Greek debt default as negotiations between Athens and its creditors have stalled ahead of an end-month repayment deadline, several officials told Reuters.
Greece gets wake-up call: coming week could seal its fate
International creditors sent Greek Prime Minister Alexis Tsipras home from a summit Thursday with a clear message: swiftly tone down your demands in the bailout talks over the next week or face financial ruin.
The International Monetary Fund took the toughest stance, saying it was bringing its negotiators back to Washington as there had been no sign of compromise.
EU opens investigation into Amazon's e-book business
The European Commission opened a formal antitrust investigation into Amazon's e-book business on June 11, opening yet another front in mounting EU scrutiny of America's global tech giants.
The investigation adds to the pressure on the online retailer in Europe, where it is already being investigated for the low tax rates it pays in Luxembourg.
Tsipras under pressure for concessions in debt talks
By Renee Maltezou & Paul Taylor
Greek Prime Minister Alexis Tsipras was under intense pressure to deliver crucial concessions to international creditors on Thursday to break a four-month deadlock and save his country from looming default that could pitch it out of the eurozone.
Key dates for Greece until June 30
June 12
IMF loan repayment of 312 million euros
June 16
IMF loan repayment of 573 million euros
June 18
Eurogroup meeting in Luxembourg
June 19
* IMF loan repayment of 343 million euros due
* Payment of 85 million euros to the ECB for bonds bought by the central bank
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