International News
In the Eurozone, the Greece saga continues, Day 9 after the ‘No’ vote. The Eurogroup has yesterday set up an ad-hoc working group’ which will explore all possible options on bridge financing and will report later this week. They will then hold a conference call on this issue to decide on the next steps. That said the markets were driven by other things than Greece yesterday. Although US retails sales were weak and ZEW expectations declined, we saw no particular large market movements beyond the British Pounds surge following UK Inflation data [...]
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