The Greek legislators have approved the new austerity package so that Greece could receive another loan from its creditors. In the meantime, the streets of Athens are crowded with violent demonstrators protesting against the austerity measures.
At least 100 thousand people are currently participating in the protests. They have already set on fire at least 10 building, including several bank offices. The demonstrators keep clashing with the police. There are over 50 injured people on both sides.
It should be noted that Greece has been living mostly off the loan provided by the IMF/ECB/EU. When Greece started running out of money, it was decided to write down a part of the country’s public debt and to provide it with another loan in exchange for another austerity package.
According to the experts of , the 6E futures contract (EURUSD)has consolidated above 1.3250. However, there is a stop-volume at 1.3280 (on Friday, the bulls initiated a wave of purchases from the level). If the bulls grow more persistent, they will probably make the price test 1.3300.
