Weak announcement knocks back EURUSD

Review: The EU finance ministers have announced that they will give Greece an additional two years to reduce the country’s debts to an acceptable level. The IMF uses a softer rhetoric and will not confirm that Greece is given additional time. The problem is that Greece is still short of financing for the coming period as the EU/IMF has announced that they will not accept further debt restructuring. Hence Greece and therefore also the financial markets are confused about the short-term plan to

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Weak announcement knocks back EURUSD