It's insane how events like this move so much money on so little, but the latest which I was just writing in the Daily Wrap from the first source I saw, The Guardian said there was no deal reached, not even in spirit.
Since I have seen from Greek government sources that no deal was reached, the extension that the EU has been pushing and the Greeks have said they would not accept has not been accepted.
A Eurogroup source says there may be an "Agreement" to "Explore" the "Possibilities" of extending the bailout, amazing language! Another Euro source says Greece agrees in principle to meet their financial obligations, however as far as I can tell, they never said they wouldn't, they just wanted a vastly different structure that is reasonably sustainable to do such so again just twisting words around in circles with "DEAL" sticking out.
Unreal, but from what I recall in the past when it came to EU bailouts, it was always a circus that everyone at the time could see was an unsustainable path, Greece just elected a government who is willing to admit what everyone knew years ago.
5 years ago
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