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The italian market on reports that an offer for a merger was turned down. And iraq gains ground from isis. The situation have never reached this point. The whole of iraq should be a red line. Isis should not be able to take it over. This is the new strategy and the International Coalition should follow in the region. Greece has warned once again that it could default on its debts. The countrys interior minister says athens does not have enough money to pay loans due to the imf in june. Unless a deal is made on its International Creditors on funding. Speaking on local it television the money wont be given because its not there to give. Lets have a look at the greek yield curve as we look at things this morning and we are looking once again at yields slightly elevated, the tenyear 11. 4 and the five 16. 5 and two year, 24 . Mean while, the countrys finance min ....