Tsipras prepared to accept all bailout conditions – FT

FXStreet (Mumbai) - As per FT reports, Alexis Tsipras will accept all his bailout creditors' conditions that were on the table this weekend with only a handful of minor changes.

FT’s Peter Spiegel wrote “The two-page letter, sent to the heads of the European Commission, International Monetary Fund and European Central Bank, elaborates on Tuesday's surprise request for an extension of Greece's now-expired bailout and for a new, third EUR 29.1bn rescue.”

Eurozone finance ministers are due to discuss Mr Tsipras' new proposal in a conference call at 5:30pm, Brussels time.

EUR/USD spikes to 1.1150

The EUR/USD pair bounced-off lows and jolted higher above 1.11 barrier in the European session, with the pair turning in to the positive zone following the latest pro-Greece deal comments from Greek PM Tsipras crossing the wires. While traders digest Greece default news completely brushing off solid EZ PMI readings.
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