After talks on Saturday broke up, the Eurogroup meetings are going on for a second day and so far, a lot of confrontations are surfacing. An agreement does not seem to be in sight. It seems that Germany has overplayed its hand at the moment. The EU Summit has been cancelled, allowing for euro-zone leaders more time to discuss the issues. At the moment, optimism is low and stock futures already point to lower ground.. But doesn’t Europe always does the right thing at the last minute? Here are the latest updates on SchÃ¤uble’s confrontations: Update: Greek deal reached – EUR/USD doesn’t buy it On trust: The head of the Eurogroup Dijesselbloem said there is a problem of trust with Greece. However, we also learned that German finance minister Woflgang SchÃ¤uble was striving to push Greece out. So who isn’t negotiating with good will? With France on tying to mediate: According to reports, France tried to mediate and help Greece make proposals that will be approved. French president Hollande also said Greece’s proposals are credible, and that gave EUR/USD a boost on Friday. Now we hear that Merkel is frustrated with the French role. With Italy on Greek proposals: Italy’s Prime Minister Renzi will reportedly tell Germany to accept the Greek proposals (which consist of a total surrender in terms of austerity, but also include debt restructuring). This comes as some euro-zone ministers demand more from Greece. Do you they want Greece to promise things it will be unable to implement? Even with the ECB: President Mario Draghi remained quiet during this period. He will speak anyway in the Bank’s rate decision on Thursday. In the meantime, he was snuffed by SchÃ¤uble, who said “don’t talk to me like a fool”. This happened after SchÃ¤uble said (once again) that a debt deal is not in the rulebook and Draghi reminded him that it already happened. The ECB holds the real keys to a Grexit. On the upside, negotiations are still going on, and as aforementioned, a deal is always within reach. Given the optimism on Friday, a deal is likely priced in, so a failure would lead to another big gap lower on EUR/USD, while a deal would likely lead to a short-lived and limited rally. Greek crisis – all the updates In our latest podcast we clarify Greece and also China, oil, AUD and more: Follow us on Stitcher. Yohay Elam Yohay Elam 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 a 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. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Greek crisis: Leaders’ summit begins with French optimism, German Yohay Elam 7 years After talks on Saturday broke up, the Eurogroup meetings are going on for a second day and so far, a lot of confrontations are surfacing. An agreement does not seem to be in sight. It seems that Germany has overplayed its hand at the moment. The EU Summit has been cancelled, allowing for euro-zone leaders more time to discuss the issues. At the moment, optimism is low and stock futures already point to lower ground.. But doesn't Europe always does the right thing at the last minute? Here are the latest updates on SchÃ¤uble's confrontations: Update: Greek deal reached -… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.