Greece has till this Friday to apply for a six month extension to finance obligations. If Greece applies for this then it has to be ratified by every member parliament of the EZ before the 28th next. If this doesn't happen Greece will run out of money in one month.
It is most likely that Greece will apply this week and that should lead to a rather explosive couple of days trading as indices move higher in anticipation of the start of QE.
These moves could be quite startling.
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Greece has till this Friday to apply for a six month extension...
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