Is political will going to save Greece?

June 26, 2015

Another day passes with no deal on Greece and investors are likely to want to position themselves for negotiations to go on into the weekend by reducing exposure to risk assets. Indices are a little softer on the open and the euro is offered as we see yet another classic situation when it comes to the Eurozone with things going down to the wire. Investors however remain optimistic that a deal will be struck ahead of next week’s IMF payment deadline throwing Greece yet another lifeline.

If the expected deal does come over the weekend then investors will not be able to react until Monday and there could be disappointment if Greece is afforded just the extension to its existing bailout which will only fund the country through the summer. The political will that has so far kept the Eurozone intact is being tested more than it has ever been before and is likely to be further. It’s just a question of whether politicians and in particular Greece’s creditors have the staying power.

Publication source
FxPro information  FxPro reviews

December 8, 2016
Banks guidance ahead of the ECB meeting
It seems that everything is clear the ECB will extend its asset-purchasing program, and send the euro lower. But banks smell a rat in this announcement. The ECB should introduce more easing measures...
December 8, 2016
Prepare for the ECB meeting outcome
The currency market has lost some volume, as traders are closing their positions ahead of Christmas and New Year’s celebrations. Investment funds are in no hurry to open new positions; they rather prefer to be actively trading in January...
December 7, 2016
Will ECB support Italy?
The yield of the Italian sovereign debt fell on Tuesday as the focus moved to the political uncertainty on the market. After Renzi’s crash on the weekend and the expectations of the ECB measures to deal with the possible fallout of the financial markets...

Fort Financial Services Rating
FxPro Rating
OANDA Rating
HYCM Rating
Vantage FX Rating
FBS Rating

365BinaryOption Rating
OptionFair Rating
IQ Option Rating
TropicalTrade Rating
Anyoption Rating
OptionRally Rating