- In these circumstances there cannot be a deal today
Reuters reporting the first comments coming out of the Eurogroup meeting
EUR/USD drops just over 25 pips to 1.1363
It looks like the main theme was discussion surrounding extending the bailout program, which is not to be confused with just a bridging extension while they discuss the bailout program
The euro sunk through the 200 h1 ma but was held up at the 100 h1
There's more from the happy Greek chappy who now says that the EU proposals are absurd
There's still no scheduled time for the end of the meeting but comments on twitter say that it could be a long night
Man on the spot Peter Spiegel notes that the Greek government says the text presented at the eurogroup was a reversal of the agreement reached between Tsipras and Dijjeslbloem last Thursday.
