The agreement on the Greek bailout should not come as any surprise to investors as the proposed terms are really no different than what had been discussed in days past. Nevertheless, there is a sense of relief that is certainly welcome, which has managed to keep the Euro well supported for the time being. Additionally, the apparent elimination of a Greek failure and default from the Eurozone is also taken as a positive by many and offers a further prop to sentiment. Our colleague, a leading strategist at one of the major US banks takes the time to outline the agreement details in his latest piece. “What seems to have ... (full story)