Greek austerity bill approved in parliament (Barcelona) - The Greek austerity vote, crucial if the country wants to secure a €31.5 bln bailout money, was finally approved as the bill reached 151 Yes votes. Media outlets like Dow Jones were first calling the vote counting too close, although the austerity measures always enjoyed a small lead against the NOs.

The spectre of receiving the next tranche of aid and avoid bankruptcy - hard to imagine as it may drag with it a few German banks - helps to kick the can down the road a bit further. EUR/USD trades heavy at 1.2770 from 1.2870s earlier in Europe, with buyers having barely reacted as positive headlines were largely priced into the market.

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