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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Investment sector reaction
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.
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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