Greece is expected to make a repayment to the IMF today but that is not enough to keep the euro afloat as EU officials have placed a 6 day deadline for an agreement on reforms. According to EU officials, Greece made an critical appeal for cash on Wednesday as liquidity becomes a real problem.
Sadly, those appeals were rebuffed, told there must be real progress before any further cash injections would be considered. Adding to the euro slide was poor German data as the single currency remains a sell on any rallies.
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