IMF and EU lock horns as Greece given debt extension
A conflict erupted between the IMF and European Union last night as it was announced Greece would receive a two year extension to meet its debt reduction target.
Christine Lagarde, managing director of the IMF, publicly clashed with eurozone finance ministers over a critical target for reducing Greek debt levels, the Telegraph reports. Jean-Claude Juncker,...
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Asset allocators redeploy record cash levels as Greece 'event-risk' subsides
Multi-asset managers have started reinvesting their high cash positions, with many topping up European exposure as Greece finally reaches a new deal with its creditors.
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The bond market faces "strong headwinds" for some time as summer volatility returns and markets anticipate interest rate hikes, according to Invesco Perpetual's fixed income team.
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