Greek Aid May Be Delayed

The much awaited agreement on new Greek aid may be delayed until July, which may be the reason the banks were so weak in today's trading. Luxembourg's finance minister Luc Frieden said that a Greek default would affect "all our banks," and that the Eurozone needs to ensure there is no contagion effect. Frieden also said that private sector involvement is likely going to be a part of this bailout. The Euro is dropping on this news.