Greece / China what’s Actually Going On At this stage we are almost sick to death hearing headlines from Greece and now we have China to add to the mix, here is all you need to know in a few minutes; Greece An agreement has been reached between Greece and its creditors for €82 billion over 3 years. Greece agreed to make changes in the following areas; Increased VAT / Reduce Pension expenditure / privatisation of state owned assets / Reform Economy & Judicial System Restructuring of debt possible down the line but debt haircuts are ruled out ECB will keep Greece afloat with emergency liquidity for the time being Possible Greek general election to take place later on in the year. Positive reaction to the deal across fellow european member states, reflected in equity markets. China Hard one to call whether what is taking place is a market correction or a cause for concern. Chinese ‘A’ shares fell 36% since June however they still remain up 102% since mid 2014. Trading climate changed when authorities attempted to reign in margin levels. They did react immediately to try and stabilise trading conditions; Suspended planned IPO’s / Pledged liquidity to brokers / market stabilisation fund established.