Market News, quoting senior government sources in Athens, reports that the Greek government wants to amend the deal struck by Euro zone leaders at the EU summit last month.
Greek PM Papandreou has been receiving information from the IMF about what would be expected in return for financial support, and there are worries the conditions are intolerably stringent. As a result the Greeks want to amend the deal in order to bypass any IMF financial contribution. One official is quoted as saying “The measures are tough and might cause social and political unrest.” Sounds like Greek govenment resigned to eventual aid being needed.
EUR/USD sits at 1.3415 very slightly easier in slow trade. Talk of stops below 1.3400 and again through 1.3370. Obviously market will be on the lookout for renewed sovereign buying interest emerging on move through 1.3400.
