EUR/USD – Eurogroup meeting finishes; no deal

  • EuroGroup meeting over for today
  • Rejected Greek draft called on Greece to refrain from unilateral action; said Greece would request 6 month extension of current bailout
  • Greek government sources say option of continuing memorandum is off table and trying to bring it back waste of time
  • Greek official says no deal will be done today
  • Greek government official says Eurogroup discussed unreasonable and unacceptable draft text that insisted on continuation of bailout

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