Greece was unable to reach a deal with the European Union to stay in an EU bailout program, the Eurogroup’s Jeroen Dijsselbloem said on Wednesday, noting talks will continue on Monday.
Futures and Treasury bond yields climbed earlier following a report that Greece and its creditors had reached an agreement in principle.
Greek Finance Minister Yanis Varoufakis, who was expected to announce an overhaul of the country’s current bailout program, played down the outcome saying he believed a “healing deal” on Greece’s finances could be reached on Monday, according to Reuters.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.