View more on these topics

Greek PM set for talks over latest EU bailout deal


Greek Prime Minister Alexis Tsipras is heading to Brussels to discuss new proposals for a deal with creditors as Athens attempts to unlock the much-needed remaining €7.5bn (£5.4bn) expected EU bailout, according to reports.

Tsipras has said he has new reform proposals for the troubled country that would involve “painful concessions”.

After meeting in Berlin on Tuesday with German Chancellor Angela Merkel and French President Francois Hollande, a draft of a deal has been put together by the International Monetary Fund, the European Commission and the European Central Bank.

Details of the draft agreement have not been released, but a senior EU official says it covers “all key policy areas and reflects the discussions of recent weeks”, Reuters reports.

Greece’s payment of €300m (£216m) to the International Monetary Fund is due on Friday. Other installments are due on June 12, 16 and 19. The country owes a total of around €320bn, of which about 65 per cent needs to be paid to eurozone governments and the IMF, and about 8.7 per cent to the ECB.

Greece’s €240bn (£178bn) bailout, originally arranged by the EU, the ECB and the IMF, was planned before Tsipras came into power.


Asset allocation: Brooks Macdonald’s Gumpel on the defensive

Brooks Macdonald co-manager Jon Gumpel’s first priority is playing it safe amidst market uncertainty. His £194m Defensive Capital Fund, which he runs with Robin Eggar, aims to provide the stability of bonds while maintaining exposure to potential equity upsides. The adjective “defensive” on the fund is to give investors a clue of what the team […]


Deflation: a temporary blip or longer-term threat?

The UK, like many other developed economies, has been experiencing periods of deflation, disinflation and ‘noflation’ leaving many uncertain when prices will normalise or grow again. Last week’s Office for National Statistics data showed that the consumer prices index fell by 0.1 per cent in the year to April 2015, dropping year-on-year for first time […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Should help the euro against the pound

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm