Not especially affected by Greece

  • doesn't expect spillover or contagion
  • Greek non payment to IMF today is not automatic default

Is it me or this bloke making the most of his time in the limelight ?

  • says euro working group meeting twice a day by teleconference to monitor situation
  • not very optimistic on further Greek talks despite efforts to get Athens back to the negotiating table

EURUSD now down through decent support/bids at 1.1150 dragging EURGBP to 0.7085 support area and EURJPY to 136.00. Euro pairs generally suffering a similar fate this morning

Austrian fin min Joerg Schelling enjoying his time in the sun