More from Regling: Threat of Grexit is still there if bailout conditions not fulfilled

ESM boss still making his feelings known on Greece

• was right to ask IMF to participate in bailouts
• a certain extension of Greek loan maturities and suspension of interest payment possible if conditions are in place
• IMF contribution would be less than one third

Meanwhile EURUSD still testing strong support/demand between 1.1270-80

Author: Mike Paterson