A lack of economic data and no progress on the Greek bailout deal offers no new bullish sentiment to investors, said Craig Erlam, analyst at Oanda.
It is worrying that Greece has proposed a list of alternative reforms aimed at plugging the financial gap in a way that it deems fairer and less painful on the Greek people and yet when asked to detail how it will be achieved, they come up with nothing.
It makes you think that they’ve plucked the figures out of thin air and were hoping they wouldn’t have to back them up. Either way I still believe a deal will be reached, I just now have my doubts that Greece’s new government has what it takes to get a good deal for them.
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