I stayed up to find out the Stability Council outcome. It's 3am in Sydney right now as I have been glued to twitter and my news feeds since then.
In short, the ECB have frozen emergency loans in the Greek Debt Crisis.
"It is virtually impossible for banks to re-open on Monday without severe restrictions in transactions, if they end up re-opening at all,"
http://www.wsj.com/articles/SB110643...75703841095260
Real panic in the streets with citizens lining up at ATMs trying to withdraw life savings.
Currently, I've got no forex positions open. Totally flat apart from some US stocks.
Trade safely (this image seemed apt)
In short, the ECB have frozen emergency loans in the Greek Debt Crisis.
"It is virtually impossible for banks to re-open on Monday without severe restrictions in transactions, if they end up re-opening at all,"
http://www.wsj.com/articles/SB110643...75703841095260
Real panic in the streets with citizens lining up at ATMs trying to withdraw life savings.
Currently, I've got no forex positions open. Totally flat apart from some US stocks.
Trade safely (this image seemed apt)
Follow me on twitter @FxLester