Greece-Euro-group drafting conclusions, to be presented shortly

FXStreet (Bali) - According to Reuters, the Euro group meeting on Greece is concluding, with a common statement now being drafted and to be presented shortly, according to officials and diplomats.

EUR/USD marking time around 1.1300

EUR/USD has entered a consolidation phase around the 1.1300 level as investors await news from the Eurogroup meeting, where Greek Finance Minister Yanis Varoufakis and eurozone ministers were scheduled to continue negotiations over Greek debt.
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More on Greece: European debt crisis - BBH

Analysts at Brown Brothers Harriman explained that just as the Greek financial crisis of 2010-2011 proved to be the proverbial canary in the coal mine for the broader European debt crisis, it is Greece's role now again.
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