No, we're into upside on the Greece thing now. I believe we have hit bottom. Even if they call this a soft default it is a settlement and they will carry on in the Euro and everything will be hunky-dory for awhile.
Monday we should see some upswing when they officially announce the Greek deal and the troika agrees that they will forward the next tranche of funds to Greece.
Greece on verge of breakthrough in deal to cancel 70% of debt
• Agreement secured on interest rate for new bonds
• Athens hopes to brief EU meeting on Monday
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- guardian.co.uk, Friday 20 January 2012 19.04 GMT
- Article history
Greece is on the verge of a breakthrough in talks with its creditors that could wipe out up to 70% of its debts and alleviate the crisis in the eurozone.