Greece, Creditors Fail To Reach Early Deal

For a couple of hours on Tuesday, it appeared as though Greece had managed to sneak a debt deal proposal by the troika that, while hitting some of the mandated fiscal targets, did not include the pension cuts and VAT concessions that had previously constituted creditors’ “red lines.” Then, on Tuesday evening, the IMF apparently decided to read the terms of the “deal” and Christine Lagarde

Posted in: Technical Analysis