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Hardy: Don't slip up on Greece
As another repayment deadline looms for Greece, this time the EUR300 million it has to pay to the IMF next week, how worried should traders be? John Hardy, Saxo Bank's Head of FX Strategy, says he does have real short-term concerns, although longer term he feels a deal will be done to keep the country in the European Union and the eurozone. Traders, he says, have to understand the risks.
The Greek problem has been of major concerns at the G7 ministers meeting in the German city of Dresden. Initial optimism of a possible compromise solution evaporated on Thursday and talks are on-going.
02:30 minutes
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