Looks like the Eurogroup is just going to keep kicking the can down the road regarding Greece. We expected details today from the group, but now they say that any extra measures to be imposed on Greece will likely come tomorrow.
With US markets shut tight, coverage will be a tad spotty, but I’ll be focused on the period before and after the Eurogroup ministers meeting as they love to seek out the microphones.
The Greek finance minister is on the wires now saying the biggest deficit that Greece faces now is credibility. The country’s pension system is not viable as it stands now, he says. Greece is doing enough under its stability program. We are trying to change the course of the Titanic– I cannot be done in a day, he says, mangling a metaphor.
EUR/USD trades a shade easier, at 1.3601 down from 1.3615 a short while ago.