Today, markets are approaching the latest development in the Greek default issue as the European Union and International Monetary Fund inspectors will discuss with the Greek Finance Minister via a teleconference the government's ability to meet its commitments to meet this and next year's deficit targets to become eligible for receiving the next installments, due in October, for last year's 110-billion-euro bailout.

The Greek finance minister will try to convince inspectors that the announced new measures are enough to trim the huge budget deficit, where a delay in the next month's tranche would make the debt-mired economy fail to meet its debt obligations.