There was an agreement that resulted in the first bailout. There have been multiple agreements at each review by the troika to meet new benchmarks. Looks like their might be an agreement on a second bailout…
One problem. All these agreements have been broken!
As a parent, I realize the ineffectiveness of the “this time we really mean it” doctrine.
European leaders should probably realize it as well…
Can EUR/USD rally on an agreement? Sure. But can it maintain the rally once Greece starts being Greece again? That’s a different question all together.