Greece is in the process of seeking a fresh round of funding (again)

  • The country has at least 7bn EUR of bonds due to mature before August
  • The IMF meets next week to discuss the country's debt servicing capacity, with a main focus likely to be the need for debt forgiveness
  • Germany is opposed to this

Bloomberg carried a report overnight on the upcoming negotiations. I don't know if it got a run on FXL, here it is if not


It looks like its time to focus on Greece again