Almost zen-like.
Christine Lagarde says that Greece can rely on its euro zone partners as it confronts its debt crisis, but that they expect the Athens government to get its public finances into order.
The French EconMin told a press breakfast in Paris “We are in a monetary zone of complete solidarity.” Wow.
The comments will have lent EUR/USD some marginal underpinning. We’re at 1.4740 having been to 1.4751 in lacklustre trade.
As I’ve said before, the EU will not let Greece fail. It is too big to fail.
