A German MP says the Greek package will be spread out over three years and may reach EUR 120 bln. That would keep Greece out of the market for that period, he says, presumably after being privy to the Trichet/Strauss-Kahn briefing.
EUR/USD is firming, now at 1.3257. Stops lie at 1.3275, just above resistance in the 1.3265/70 area.
