ECB's Coeure says it's now a question of how to restructure Greek debt

More Greek rhetoric on the wires from an article in Le Monde

• restructuring Greek debt is no longer the question, but rather how to do it
• hopes risk of Grexit now averted
• Eurozone states prepared for unprecedented financial solidarity towards Greece but not at any cost
• ECB has stuck to its mandate on Greece
• Greece has to carry out reforms

Governing council member Benoit Coeure playing good cop/bad cop

• would be premature to start discussing end of QE

Euro settling back after traders take profits on the IFO-led surge

EURUSD 1.1083 testing a decent pivot while EURGBP retreats to 0.7143 putting a bid under cable above 1.5500 again

Coeure- wants a Greek deal but not at any price