The President of the European Commission Jean-Claude Juncker believes that Greece should stay in the eurozone, as was reported in Sueddische Zeitung. Today, Juncker, Angela Merkel and François Hollande convene to discuss the crisis in Greece. “I disagree with the view that we would have less worries and fewer restrictions if Greece left the eurozone”, said Juncker. “If a country would step out of the eurozone, many would believe that the euro is not irreversible”.
The Greek government is prepared to suspend parts of its anti-austerity program and is confident about reaching an agreement with its creditors this week. That is stated by the Greek Interior Minister Nikos Voutsis on Saturday.
Compared to the same period in 2014, the economy in the United States fell by 0.7% in the first quarter of 2015. This is stated by the US Ministry of Commerce based on revised figures. Earlier, a growth rate of 0.2% was reported. Economists expect the fall to be temporary and consequently a growth of 2.2% is expected for the second quarter of 2015. In 2014, the economy also contracted in the first quarter, but the rest of the year positive growth rates were reported.
Two large British banks that are named in the corruption indictment against Fifa board members will start their own investigation. They will investigate whether their accounts are misused for paying bribes or other illegal payments. The banks themselves are not prosecuted by the FBI. Standard Chartered confirmed to have started an investigation while Barclays is silent on the issue. The US authorities accused 14 people of bribery, paying bribes and other financial malpractices surrounding the organization of world championships.
The 6M Euribor remained unchanged at 0.33%. The 10Y Swap decreased by 2 basis points to 0.86%.
In the attachment below, today’s market data on money and capital market rates as well as other rates are presented. For more history of these rates or other rates feel free to ask: firstname.lastname@example.org.
Managed by Sluijmer Multimedia and hosted by True.