Reuters: Greece reaches agreement on 5-year austerity plan with EU-IMF inspectors

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No reason at all for EUR/USD to rally on this news. Greece can agree anything it wants with the Troika but until it is based by the Parliament, it’s meaningless. And after it is passed by Parliament, it has to adhered to. Those tasks get increasingly difficult, as history has shown…

2011-06-23T18:57:34+0000

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Jamie Coleman

13 Comments

  1. does anybody believe greece that they will also meet the plans?
    LOL I guess not. just watch as the riots continnue and debt to GDO grows.
    There is no movement in work. everybody is on strike. how are they going to repay ?
    LOL

  2. Is that what just caused the AUD to jump 50 pips?

  3. I’ve got 5 to 1 on yes…

  4. And the EUR…

  5. jamie, could you provide us with the dates of the votes or greece debt related events if you have them?

    Rather confused with all the dates.

    Appreciated if you could do that for us readers.

    Thanks and cheers

  6. lol, you always have something to add when something bullish comes up. On the contrary everything is ok for you when it is bearish. You remind me those rating agencies cheating every other day.

  7. Great Jamie, you remove those comments you donĀ“t like :) That says a lot about you

  8. No, it is simply the fact that on an EU level, these things ALWAYS get ironed out. It is at the Greek level where the problems are the most profound…

  9. Thanks annie, your help is greatly appreciated.

  10. that is only short live euphoria…the similar when irish get the deal, euro goes up and in few hours, down

  11. Luis, well yeh but be assured, if it’s not greece then Italy, belgium and Portugal are still on the waiting list together with those italian banks. and as finishing touch we’ll get Spain. I hope it will surge a bit above 43.

  12. MONEY CONTINUES TO GET FLUSHED DOWN THE TOILET. GREECE
    IS GOOD AT TAKING ALL THEY CAN GET AND DOING THAT.

    THE EU AND IMF ARE VERY VERY FOOLISH TO EVEN GIVE THEM A DIME…

    BULLS LOVE THESE KINDS OF STUPID AGREEMENTS

    SINCE THEY REFUSE TO STAY IN THE COW PASTURE WHERE THEY

    BELONG.

    DOW 400 HERE WE COME

    ELLIOTT WAVE RULES

    STEPHEN >>>>>>>>>>>>>>>>>>>..

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