The Greek
novel is far from over, now that the Greek prime minister has sent to its
creditors a new deal proposal, we have to wait if it is accepted by the
European leaders and the Greek parliament. The new proposal drafted by the
Greek government includes many of the very same austerity measures that the
Greek People voted “No” to on last Sunday’s referendum. That is why we don’t
know for sure if the Greek parliament will approve the deal. It is highly
possible that the European leaders do approve the deal, because some say that
it is basically the same deal that was presented to the Greeks on June 29th.
Investors and traders have preferred to stay on the sidelines until the Greek dilemma
is resolved. That is why markets stay relatively calm towards the end of this
Friday’s trading session.
If the Greek issue is resolved without a Grexit, then we could expect the euro to rally
ReplyDeleteWell the drama is coming to an end already so I also expect the rally of the euro soonest.
ReplyDeleteGreat post.
ReplyDeleteLatest news from Greece: ''The European Commission, European Central Bank and the International Monetary Fund have given a positive assessment of the Greek government's request to start negotiations on a new bailout, a person close to the matter said.'' --Reuters
ReplyDeleteVery important article that we should follow the developments.
ReplyDeleteThe Greek parliament approved Tsipras' plans.
ReplyDeleteGreat post.
ReplyDeleteGood info, thank you!
ReplyDeleteA critical week ahead.
ReplyDelete