The eurozone is still in the middle of a crisis, Eurogroup head Juncker says, so now is no time to be implementing an exit strategy. Europe is grappling with its present representation on the IMF board. There are now 24 members and that number will likely be reduced to 20, Juncker said, with one for Europe. Not surprisingly, not all the EU members states are happy at the prospective loss of representation (and the cushy Washington Posting which go with them).
The employment market is a dramatic situation, Juncker says which could cause social crisis.
EUR/USD is little concerned with the comments, consolidating its rebound gains, closely watching the stock market in the last 45 minutes of trade. The S&P is well above session lows after testing its 200 day moving average shortly after the open of trading.
