Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Fear over Grexit is potentially up once again as seen from the bond market. Greek bond yields are reaching for new highs. 3 year is yielding above 22%.
- Greek government and European lenders are not coming to a compromise so far. Greek continues to claim reparations from Germany over WWII damage.
- Greeks are yet to put up any significant reform that would appease the creditors.
- Government in Greece passed a humanitarian crisis bill without any consultation from Germany and against the will of European commission. The bill is a sort of fiscal stimulus for Greek people with free electricity and food stamps.
- Reforms related to privatization in Greece is still on hold.
Tensions are high as European leaders are meeting today in Brussels. Focus will be on words from German Chancellor Merkel, ECB chief Mario Draghi, French President Francois Hollande, and Greek Prime Minister Alexis Tsiparas.
Today's talk would focus on the funding crisis and need of Greece, what are the probable reforms that may be executed. Private talks might also focus on Grexit potential and measures to tackle such.
However if any private agreement is reached, upcoming days might see fast progress over proposals and negotiation. These developments would be Euro positive, any breakdown in talks would be very severe.
