Will the IMF save Greece and the Euro Zone?
Everyone is trying to understand the weak “resolution” to the Greece problem as the European Summit meeting ends this week. Euro countries have agreed to let the IMF into Greece so they can “backstop” Greek debt. We are short of EURUSD and while we think short term we could take some heat as this cross reacts to the daily news, we beleive 1.30 is open to the downside.
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