• Austrian FinMin: No decision today on Greek aid in any form
  • No discussion of possible sums of aid
  • Greece has still not asked for aid
  • Eurogroup ready to act if needed

European water torture continues as the Eurogroup fails to come up with a Greek backstop by their mid0March deadline. At some point, the market is going to test their resolve and give the euro a good bashing…We sit now at 1.3678.