Is this false hope? Germany softening its stance on restructuring demand is helping the EUR. While the market focuses its attention on the Germans, its the Greek’s ability to do or not do that we should be honing in on. No demand of an early rescheduling of Greek bonds is certainly good news, paving the way for the Euro-zone to put together another rescue package to aid Greece in meeting its repayment objections over the next few months. However, this does not mean that an eventual restructuring of their debt will not go ahead. What if Athens fails to keep up its end of the bargain? The need will become more urgent. ... (full story)