Alex Bobrov
The Greek authorities are trying to persuade the lenders in the suitability of extending the austerity plan till 2016. Previously, Greece promised to save 11.5 bn euro within the next 2 years.
According to the Greek side, austerity without economic stimuli and higher market liquidity will result in a production decline and higher unemployment instead of an economic boom.
The German side says any considerable extension of the period look inefficient at this point. They say it is necessary to wait for a report from the ECB/EU/IMF trinity of lenders to make further steps.
This week the Antonis Samaras will make official visits to Berlin and Paris in effort to persuade Germany and France to back Greece’s plan.
However, EURUSD seems to stay indifferent to the current state of affairs. According to the SRP Department of , the Euro currency seems to be immune to the European crisis and keeps consolidating within wave B h4. The closest level of resistance is 1.2400.
Анализ: Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
Alex Bobrov
