European leaders in Brussels have reached a third bailout deal for Greece on Monday morning after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-bankrupt country.
Politicians quickly took to social media to break the news of a breakthrough. Belgian Prime Minister Charles Michel tweeted the word “agreement” and the Cyprus government spokesman said “we seem to have deal on Greece.”
Bond yields in Italy and Spain fell to session lows after the comments and the euro revers earlier losses to hit the day’s high of $1.11725. the pan-European Stoxx 600 index opened 0.8 percent higher.
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.