Still trying to hammer out parallel deals in Athens but so far, no breakthroughs.
Wages cuts are a major ticking point, as euro one politicians try and improve Greek labor competitiveness.
7 Responses to “No agreement in Greek debt talks as of Saturday night”
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
ADVISORY WARNING: FOREXLIVE provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
AUTOREFRESH 
Venizelos said that there’s a “24-hour deadline to clinch rescue” and Juncker talked about Greek bankruptcy. Looks like they are trying to pressure Greek politicians.
as of Saturday night… it goes to the wire.
http://www.reuters.com/article/2012/02/04/us-eurozone-idUSTRE8130TF20120204
But but a deal is hours away!!! Please name and shame the moron who said that on Wednesday.
there is no such thing as “Greek labor” man
“They think, that we think that the unthinkable cannot be thought. But they’d better think again” !
EU official on the possibility of letting Greece default
hey guys, what do you think of shorting EUR/USD? It looks like we are going down below 1.3 this week because of 750Euro/month.
By the way Jamie, you work on Sunday’s. Isn’t that forbidden? ;P
@Iridium: the thing is pretty complex here. Greece leaving the Euro (re-adopting Drachma) would be actually Euro positive news (mid/long term). But, the first reaction would be a knee jerk since the banks would need to write off an extra few tens of billions of euros and thus would be again undercapitalized. They would start liquidating their assets (markets down). That brings a liquidity squeeze (stronger USD, JPY?). So the best thing here to be honest is to stay away. All said, i personally have a small short position on EURUSD since friday, hoping EURUSD would test at least 1.3 again. Stop above friday’s high.