Eurogroups Juncker: Greek stability program important step in right direction

  • Final judgement on Greek program to be based on EU commission report
  • Risk of bankruptcy does not exist in Greece
  • Greece leaving euro zone is absurd idea
  • We approve Greek consolidation efforts known so far
  • Greece knows it must make serious efforts on finances. Is making serious efforts
  • Following Greek situation with “intensity”
  • Does not subscribe to hypothesis where it would be necessary to bail out Greece

Pretty upbeat comments, helping lend EUR/USD some marginal underpinning, presently at 1.4080.

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