Greece takes the spotlight

GREECE may not have much going for it these days, but at least it will be the centre of attention in the week ahead as the threat of default looms ever closer.

US markets entered the weekend on a down note as investors took profit after a positive week.

The Dow Jones Industrial Average slid 0.55 per cent, or 99.89 points, to close at 18,015.95 on Friday. The S&P 500 index lost 0.53 per cent, or 11.25 points, for a close of 2,109.99.

At the top of investors' minds is Greece, which faces the prospect of default if it cannot reach a deal with creditors by the end of the month, when it has to repay 1.6 …