Greek leaders met with the European leaders yesterday to strike a deal to extend the time period for previously agreed upon implementation of Greece’s austerity measures.
Spain, Greece and the EU are playing havoc on the euro and as the short positions continue to grow, there’s only one direction for the Euro ETF.
The socialist leader of Greece’s Pasok party and former finance minister Evangelos Venizelos may be close to forming a coalition government.
Euro zone finance ministers have agreed to a $170 billion bailout for Greece following 13 hours of late night negotiations in Brussels. Athens has in turn pledged to reduce its debt to 120.5% of its GDP by 2020 and to accept “enhanced and permanent” EU monitoring of its economic reforms.