Looks like only 16 15 (Greece doesn’t get a vote) cats will have to be herded to activate the Greek bailout package rather than 26 EU members, says a German government spokesman.
It’s surprising the Germans are not calling for a unanimous vote of the UN General Assembly and the New Hampshire Hose of Representatives.
EUR/USD firmed from the 1.3590 area to 1.3615 on the news.