The main factor determining the dynamics of stock markets during the previous week was the results of negotiations to resolve debt problems of Greece. News items showing that there is practically no progress in negotiations were coming in from Monday through Friday. The Greek Government and creditors were exchanging packages of proposals, introduced amendments; however, they did not manage to reach a consensus. On Thursday and Friday, the European Central Bank refrained from expanding emergency loans to Greek banks.

 Financial markets survey 30.06.2015