Greece failed again in negotiating with international creditors. Next Saturday will be the last chance to protect Eurozone from financial market turmoil. After the third meeting without agreement, declared by Euro zone finance ministers, now all eyes are on Saturday.
Greece which has received 240 billion EUR since 2010, now should set a repayment schedule next Tuesday. Negative news may lead Athens on a way out of Eurozone and the banks may not be even open on Monday. EURUSD would experience almost the most risky situation in the recent decade. Analyzers are more bearish these days but German Chancellor Angela Merkel opens hope during her speech : “Must be a deal before Markets open on Monday”