good news from Ukraine and Greece

Posted: February 19, 2015 in Uncategorized

In Greece, as the market predicted, probably there will be an extension on loan (if they agree on the vocabulary).

The extension will be probably for 6 months and the European Central Bank gave another Euro 3.3 billion of Emergency Funds (ELA) to the Greek banks,

It is an improvement, but still Friday the decision. But the agreement on the vocabulary and details is very important.

It is part of the bailout extension or is it a new loan? That is the question.

The market is assuming the best, at the limit of complacency.

But whatever it is…the showdown would be just delayed as the positions are not compatible.

On Ukraine.

The good news is that the FSB Chief (Russian new secret service) flew for the first time to Washington and, at the same time, Ukraine retreated its soldiers from the hot spot of Debaltseve – which was definitely creating an issue.

This is the first time that there is a serious discussion between Russia and the US.

At least they started talking for real.

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