Although many tourists visit Greece for the sea, somewhere above 400 meters higher lies an unforgettable sightseeing objective. Holy Trinity Monastery has a history of over 6 centuries and offers a breathtaking view.

This UNSECO World Heritage Site is only one of the 24 Meteora monasteries located in the central part of Greece. Meteora, means “suspended in the air” in Greek, and it is a rock formation of various cliffs, which are over 60 million years old.

The Monastery of the Holy Trinity provides visitors with impressive history. The first Holy location of this type dates back to the 11th century. Later on, John Uros, who used to be the emperor of Greeks, became a monk and rebuild the monastery along with other 23 such buildings. However, only 6 of them are still occupied by monks.

Another interesting specification of the church is its architecture. Its form resembles a cross and it has the small chapel of St. John the Baptist carved into rock maintains. The wide range of detailed frescos have been well preserved and they delight those who appreciate art and history.

Holy Trinity Monastery became popular tourist destination, after scenes displayed in 1981 James Bond movie “For your eyes.” As for the monastic life, the Eastern Orthodox monastery used to be the home of over 50 monks, but now, only 5 monks live there. The location can be visited any time by tourists, who want to get a taste of the European history, landscapes as well as unique works of art and architecture.

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Matilda Diamant/Flickr

Photo by Matilda Diamant/Flickr

Photo by Siam Wahid/Flickr

Photo by Siam Wahid/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

Photo by Thanassis Fournarakos/Flickr

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Weekly Market Outlook

For bond traders, the stalling U.S. job market means the Federal Reserve will probably lift interest rates just once this year, in December.

The nation’s employers added workers at the slowest pace in almost six years in May, government data showed Friday. The report fueled a surge in Treasuries, driving yields on two-year notes down the most since September and all but erasing bets on a rate increase at the Fed’s June 14-15 meeting.

Though central bankers have signaled that the following gathering, in July, might also be in play, derivatives traders are dubious of that timing as well. The market-implied probability of a July boost dropped by about half Friday, to below 30 percent. For the following meetings, the U.S. presidential election starts to enter the mix. Some traders are looking past the September and November gatherings, in a wager that policy makers won’t want decisions on rates to get caught up in electoral politics.

“The Fed will certainly, through speeches, try to keep July in play,” said Scott Buchta, head of fixed-income strategy at Brean Capital LLC in New York. “They are still data-dependent, but I don’t know how likely they will be to raise rates too close to the presidential election. So there is a shot we get one more hike this year, but it’s not quite a done deal.”

The probability of a quarter-point hike in June plunged below 5 percent Friday, from 22 percent June 2, data compiled by Bloomberg show. It was 30 percent a week ago, after Fed Chair Janet Yellen said officials will raise rates “probably in the coming months” as they look for evidence of labor-market strength and a pickup in inflation.

It isn’t until December that traders assign greater than a coin-flip probability to a hike: Futures indicate about a 60 percent chance.

The addition of 38,000 workers last month, the smallest gain since 2010, was less than the most pessimistic forecast in a Bloomberg survey.

Shallow Path

The report also led traders to price in fewer Fed hikes for the years ahead. In two years, the effective fed funds rate will probably rise to just 0.83 percent, from 0.37 percent now, according to Bloomberg data using overnight index swaps. That implies less than two quarter-point increases to the Fed’s range in that period.

In their latest quarterly projections, Fed officials in March cut their forecasts for 2016 rate increases to two from four, after liftoff from near zero in December.

Most strategists aren’t ready to fully dismiss a July tightening, if certain conditions are met. One is that economic data need to signal job-market strength. The second is that financial markets must get past the U.K.’s June 23 referendum on European Union membership, dubbed Brexit.

“July could still happen if payrolls come around next month, positive data continues and depending on what happens with Brexit,” said Justin Lederer, an interest-rate strategist at Cantor Fitzgerald LP, one of the 23 primary dealers.

Beyond that, “it would be a really hard sell for the Fed to potentially raise rates ahead of what could be a very heated election,” he said. “If you didn’t have the election, the percentages would be a lot higher for September.”

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