Greek crisis: Leaders’ summit begins with French optimism, German


French president Françios Hollande says that he’ll do whatever it takes to reach a deal to keep Greece in the euro-zone and says that it isn’t only about Greece, but about Europe. On the other hand, German Chancellor Angela Merkel says that trust is lost and the situation is very difficult.

Update: Greek crisis: Germany pushing for a Grexit – EUR/USD gaps lower

With Italy telling Germany that “enough is enough” and northern European states supporting a Grexit, there is a clear rift in the euro-zone. The rain outside the meeting in Brussels probably reflects the mood inside closed doors.

Greek PM Alexis Tsipras says that “we owe it Europe” to reach a compromise. The Eurogroup reportedly wants measures from Greece, more measures than it already took. The question of debt sustainability remains open.

Jean Claude Juncker said he will fight for a deal until “the last millisecond”?.

Schulz: We must reach an agreement today and I believe we will, as the future of Europe is at stake. He is the speaker of the European Parliament.

Asian markets open in a few hours, and if there’s no deal, we could see the euro plunge. It may be a lose lose situation for the euro.

Earlier, we reported:

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Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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