Ultimatum to Tsipras?

FXStreet (Edinburgh) - After the meeting between Greek PM A.Tsipras, Chancellor A.Merkel, President F.Hollande and D.Tusk, the pessimism seems to grow bigger by the minute. PM A.Tsipras was ‘intimated’ to either agree to implement reforms as soon as this week, or it might see Greece leaving the euro bloc and its banking system collapse.

Odds are still biased towards ‘Grexit’ – The Guardian

According to analysts at The Guardian, nine countries (Germany amongst them, of course) still contemplate Greece leaving the euro area as the most likely outcome in the very near term; five EMU members would prefer...
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EUR/USD breaks below 1.11, Greece drama worsens

EUR/USD is under pressure during interbank trade, presently breaking below the 1.11 round number, as Eurozone toughens its hard-line stance against Greece, demanding more austerity measures in the debt-stricken country or else, a temporary Grexit has been offered.
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