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Stocks in global markets, the euro, and the euro zone bonds all rose today, following a wave of optimism that Greece and its international creditors will come up with a last minute deal that will help Greece avoid default. 

Alexis Tsipras, Greek Minister will meet with the heads of European Commission, European Central Bank and the International Monetary Fund ahead of a summit of euro zone leaders later in the day aimed at reaching a deal over debt talks.

President Jean-Claude Juncker, chief-of-staff to European Commission President, called the latest proposals from Greece a "good basis for progress", while EU Economic Commissioner Pierre Moscovici said he’s "convinced" agreement with Greece will be reached.

 Credit Suisse analysts said in a note on Monday, that the most likely outcome, with a 75 percent probability, is a deal.

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Angela Merkel – Chancellor of Germany is standing strong to help Greece solve the crisis. Merkel says that she does not want to see the Greek people suffer in the crisis after math. Despite her will to stand on Greece’s side, she notes that Germany with other European countries are frustrated from Greece unable to reach a compromise.

Merkel declared that Berlin will negotiate with Greece until the very last minute in a desperate try to avert Greece from defaulting as Athens and its international creditors remain deadlocked over a for coming debt deal.  

Peter Altmaier, Merkel's chief of staff, still believes that a deal is possible if Greece would present sensible reforms that can be accepted by the European community. 

Despite being Greece's biggest creditor and the biggest contributor to the EU budget and the euro zone bailout fund, it seems like Germany at the help of Merkel are the ones who’s trying hardest to reach an agreement that will in some way see Greece’s interests in front of them.

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Finance Ministers are preparing for the worst scenario case as the Greece crisis comes to its crucial and final moments.

The latest meeting between Europe leaders today in Luxemburg didn’t go well as no real progress achieved in the session. Moreover, the Antagonism of Greece’s Prime Minister Tsipras towards Greece creditors is on the rise, while rejecting the compromise offered to him, as he accounts the terms of the deal as an austerity against Greece’s interests.

The U.S are getting increasingly involved as Janet Yellen - The Chair of the Board of Governors of the Federal Reserve System, said that in a case of no agreement achieved, there is a potential of a serious effect on European and Worldwide financial markets outlook.

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The multinational mass media corporation 21st Century Fox has confirmed James Murdoch will replace his father as the firm’s chief executive on July 1.

The 84-years old Murdoch said in his statement that his son would “strive to take the company to new levels of growth”. The old Murdoch would still play an important role in the firm’s decision making policy, and is expected to have the final say when something significant would to happen.

Fox News as well as 20th Century Fox film studio which both owned by Murdoch’s Empire, will go through a significant change in their managerial structure, so remember to keep a close watch on their future stock rates and financial activity.

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