European shares have experienced a summer rally recently but dropped on Wednesday as concerns over
Greece’s future in the euro zone resurfaced. However, minutes released by the Fed Wednesday could spur market confidence in further intervention “fairly soon” to shore up the U.S. economy.
In Europe, Jean-Claude Juncker, head of Eurogroup of finance ministers traveled to Athens to meet the
Greek Prime Minister Antonis Samaras on Wednesday, who has asked for a two-year extension to fulfil the country’s bailout conditions. After the meeting, Juncker said that Greece faces a
“last chance” to prove its
credibility to international creditors.
The German Chancellor Angela Merkel and French president Francois Hollande, who are meeting Samaras this weekend, are also expected to offer little in the way of immediate leeway to Greece.
Read more: European Shares Called Higher on Fed Hopes - Europe Business News - CNBC
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