Greek Deal Remains Elusive

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The threat of an imminent Greek default looms large, with markets still awaiting the Greek response to demands by the Troika on economic measures. As talks between Greek political parties enter a second day, it is possible that the longer it takes for an agreement to come to fruition, the greater the chances for a disorderly default. In the US, Bernanke’s testimony to the Senate Budget Committee today is likely to have a dovish tone regarding the US economic outlook.

At home, data released earlier today indicated that BRC like-for-like retail sales posted a very poor January performance.

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Greek Deal Remains Elusive

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