Spreadex Market Update
Greek deal agreed
China is thought by some economists to be the life support of the global economy at the moment, so any sign of their economy faltering should not be overlooked.
In Europe, scepticism is rife as analysts rushed to criticize the bailout saying that Greece will not comply to the reforms demanded, with some saying a default is only months if not weeks away.
These accusations do carry some weight however as Athens failed to live up to the terms set 2 years ago for their first bailout worth €110Bn.
Only time will tell, however it is refreshing for Europe to finalise an agreement!
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