• 13 states are now shareholders in EFSF
  • 15 have signed framework agreement
  • Slovakia invited to sign framework agreement
  • Greece has outpaced expectations
  • Next mission to Greece in July/early August

A permanent euro zone crisis mechanism sounds like a good idea. They’re gonna need it!

No crisis in the euro today. It trades quietly at 1.2690 on a slow summer Monday.

Update: Juncker says the eurogroup made very clear to Slovakia that it expects Slovakia to sign the EFSF agreement…