Apparently we had a little database boo-boo. Hopefully all sorted out now…
Sow Jones reports that Austria is withholding payment to the Greek bailout package, presumably because Greece missed its deficit target.
This is very bad news for the euro as bailouts ain’t bailouts if countries unilaterally withhold their contributions of their own accord.
Stops are seen below 1.3550 barriers. For what its worth, we hear the BIS was selling in the low 1.3620s last time up there…
