IMF to Greece: Congrats, your debt is now slightly less unsustainable

  • Private sector support a key component to putting Greece on growth path
  • Debt exchange deduced financing needs

Why does too little too late always come to mind as far as a Greek rescue is concerned?

EUR/USD continues its slide, at session lows of 1.3123 amid lingering concerns that CDS could still be an issue for some big institutions.

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