Here is Why Markets May Not Have Been Excited Over The Greek Debt Deal

“No funds are going to be distributed now. Perhaps some of you missed this but this is exactly what Ms. Lagarde stated. Before any distribution the Eurozone has to “fulfill its commitments” and the Private Sector bond buyback plan must be completed. Consider this; Europe is putting up all of the money currently and the IMF has declined to participate. Oh yes, it is couched in political mishmash and tucked neatly under the rug but there it is; no money from the IMF for now.”

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