Otto Fricke, a senior member of the FDP, a coalition partner of Merkel’s, says he opposes giving Greece more time.
It’s more time or more money, kids. Take your choice.
In the end, I suspect there is les political risk in giving Greece more time…
EUR/USD is in recovery mode after a modest dip below support in the 1.2445 area. We now trade at 1.2465.
