EU vice-president and commissioner for the euro/social dialogue out on Bloomberg

  • moderate recovery seen in Europe
  • ECB needs to meet its inflation target
  • EU Commission wants tighter fiscal co-ordination

Meanwhile EU spokesperson Schinas has this to say on Greece

  • EU welcomes adoption of Greek legislation
  • EU able to take decisions for next steps on Greece

EU negotiators have been in Athens all week working on steps 1&2 of the first review of the latest bailout agreement

Keep up at the back ! Yes, it is very much on-going drawn-out process in no danger of being completed anytime soon

Euro still trading tightly