No great surprise in his appraisal but pouring a bit of cold water on recent comments elsewhere
- says he's personally hurt by the fact that Greek govt halted negotiations
- negotiations can resume at any time
- there can be no new aid for Greece
- debt relief was on the table
- priority is for Greece to be able to cover expenses
- Europe able to face Greek contagion risks
EURUSD 1.1030
Meanwhile Chinese Premier Li says Europe has China's support
- wants to see a flourishing Europe and a strong euro as that's in China's interests
Not surprisingly talking up their long-euro book
On Friday I posted news of some large DNT options with the PBOC's name in the frame