Never a dull day in Greece.
There’s confusion over whether the Troika can conclude their last review of Greece by year end and that means whether Greece has fulfilled its obligations on reforms and cost cutting.
Deputy PM Evangelos Venizelos has said that a short technical extension may be needed but Greece has flatly refused a longer term one that is the preference of the Troika. He’s also told reporters that the government won’t bring forward a presidential election.
The neverending Greek turmoil rolls on and the market is not liking it one bit. Greek 10 year yields have soared to just shy of 8.43% +13bp so far today. Good returns if you can stomach the risk
No doubt a little of that may be weighing on the euro