France Pledges to Keep Greece in Eurozone

France will do all it can to keep Greece in the eurozone, because allowing it to leave would be too risky, PM Manuel Valls has said.

“The basis for a deal exists,” he said, ahead of an emergency eurozone summit in Brussels.
However, Germany has warned against any unconditional debt write-off.

Eurozone ministers have called on Greece to put forward fresh proposals after Greek voters rejected the latest draft bailout deal in a referendum.

Greek Prime Minister Alexis Tsipras met Greek political party leaders on Monday and headed to Brussels on Tuesday morning, where he is expected to present new proposals.

via BBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza