One week on from EU commissioner Olli Rehn’s promise that a Greek debt deal was in the final hours of finalisation, and markets are still awaiting confirmation of that fact. It now appears we will have to wait until next Monday 6th February after yesterday’s announcement of an EU finance ministers meeting in Brussels.
This meeting will attempt to agree a new bailout, the size of the haircut applied to private bond holders, as well as new reforms the Greek government needs to undertake, which it is hoped finally draw a line under this long running saga.
