1. Greece enable to pay debt amounting to $500 billion to be
paid by 30 Jun. 15 to IMF, EU and ECB (also known as
Troika)Reasons:- Spent more than it owned during the initial stages
of US crisis 2008 Retires receive 96% of salary as pension Unable
to tax shipping companies worth $106 billion Debt to GDP ratio at
174%2. Grexit meaning Greece exit from EU a likely possibility3.
Greek crisis could bring inflow of cash into the Indian market4.
Meeting to discuss the impact of Greece crisis on the domestic debt
markets in India called off on 29th June5. Some Indian companies
like Tech Mahindra (down by 7.2%), Cox & Kings (down by 6%),
Tata steel, to be impacted due to Euro Crisis (Greece crisis)6.
Exports to Europe may decline 7. Low returns of 1.65% on funds in
Europe, mainly due to appreciation of money against the euro by 15%
(JPMorgan Dynamic Offshore Equity Fund, Religare Invesco Pan
European Equity Fund, DWS Euroland Fund and Franklin European
Feeder Fund)8. The employees provident fund (EPFO) to invest more
than 6000 crore in ETF (exchange traded funds) but at a fee
structure of 0.10% as opposed to the normal 0.20% or 1.20%9. Greece
Referendum to be held on 5th July to decide whether Greece will
receive the bailout funds or not.10. General obligations traded at
68.5 cents from 93 cents in March 2014. 72 billion debt at Puerto
Rico11. Inflation in India down from double digits to 5% &
Current ac deficit down to 0.2% from 4.9%, for March 2015
quarter12. Sensex closes at 2764513. SEBI banned 239 individuals
and entities from securities market for laundering money and
evading taxes
