Weekly overview (June 22 – 26, 2015): Grexit?

A shattered euro sign and Greece banner

The leitmotif of the past week was crisis in Greece and whether the country, part of the Eurozone, will be able to reach an agreement with its European creditors and the International Monetary Fund.

The week started optimistically, on indications of an upcoming agreement between the parties. All leading European stock benchmarks were on the rise, with the EUGERMANY30 and EUFRANCE40 appreciating by 4.42% and 5.36%, respectively.

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Weekly overview (June 15 – 19, 2015): Greece makes new proposal to EU leaders

Pictured: Tsipras and Merkel sanding side by side

The Greek Prime Minister Alexis Tsipras has made a new proposal to German Chancellor Angela Merkel, French President Francois Hollande, and EU Commission President Jean-Claude Juncker, in the hope of reaching an agreement between his country and its foreign lenders.

A definitive decision on Greece’s future is expected from an emergency summit of Eurozone leaders later today.

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