The Troika report seems to state the large risks to the Greek program, but that a two year extension could ease impact of cuts. The country may need more money: €15B in 2014 and €17.6B in 2015.
“The bias here remains negative, for a tight test of 1.2650 major support. Crucial on the upside is 1.2791 and only a violation of that area will show, that a bottom is in place and will clear the way for 1.3020”, wrote Deltastock.com analyst Stoyan Mihaylov.
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