Euro (vacation) Greek (debt) Lunch

This seems to be hitting the French press before the English press. AFP is having it translated as we speak.

The Eurozone wants to reduce Greek debt and won’t exclude a default. Which means that default is on the table…

Trading in the Euro caught the news very quickly though…

I’m watching this pair closely today.

As soon as they started to eat lunch the CAC40 pulled up from being down 1%. “”Le déjeuner de travail vient de commencer” announces Mr. Herman Van Rompuy on Twitter. Food is important in Europe… The EUR.USD pulled up as well.