Lucas Papdemos, the man who literally sat at the right hand of Jean-Claude Trichet at the monthly ECB press conference for years, says Greece does not need to restructure its debt. Papademos is now an adviser to the Greek government.
Keep in mind Greek officials told us for months that they did not need outside aid before accepting a bailout form the IMF and EU….
EUR/USD is consolidating around 1.3770 after a short-squeeze from hell.