Thanks to Birendra for noticing this article.

He asked will the difficulties in Greece’s plans for austerity and the need to cut 150,000 affect the euro ?

In my opinion this is already in the market; Greece has to some extent been ‘dealt with’ for the time being.

Only in the much bigger picture of complete default and the question of Grexit be on the table will we then see possible euro dollar pressure and then we will be looking back at the PIIGS in totality no doubt.