Deal Rumor Falls Apart As Eurogroup Says “No Deal”, Greece Adds Will Not Accept Bailout Extension
by Tyler Durden
ZeroHedge.com
02/11/2015
UPDATE: GREEK GOVT OFFICIAL SAYS NO AGREEMENT IN EUROGROUP, GREECE WILL NOT ACCEPT AN EXTENSION OF CURRENT BAILOUT
And so it begins… 1am local time and we get ‘unidentified sources’ stating that:
*GREECE AGREEMENT `IN PRINCIPLE’ REACHED, GREECE WILL STAY IN EU BAILOUT PROGRAM, DETAILS OF GREECE DEAL UNCLEAR, CNBC REPORTS
Stocks futures and EURUSD are surging on it, but we suspect – given the timing -that there is no detail yet and this is nothing but a blanket statement of effort for compromise to calm Greek bank stocks for the week as they reach ELA limits.
The Rest…HERE
