Eurozone ministers gather for crucial Greece talks - live updates
Adam Myers, European head of currency strategy at Credit Agricole, thinks markets are being too optimistic that an agreement will be reached between Greece and the rest of the eurozone.
The reason that the euro is not lower is that a lot of people still have this sanguine view that there will be an agreement because they have to reach one.
At the moment the market reaction is too sanguine.
Keith Skeoch, chief executive of Standard Life Investments, has also commented on the situation facing Greece:
There is clearly a very significant concern reemerging at the moment that we are seeing real issues surrounding the eurozone. If they have to impose capital controls to keep Greece in, that is really about a two-tier euro and is that then the beginning of the end?
The euro is down against the dollar for a third day as traders remain cautious. It is currently trading at $1.1316, down 0.4%.
Adam Myers, European head of currency strategy at Credit Agricole, thinks markets are being too optimistic that an agreement will be reached between Greece and the rest of the eurozone.
The reason that the euro is not lower is that a lot of people still have this sanguine view that there will be an agreement because they have to reach one.
At the moment the market reaction is too sanguine.
Keith Skeoch, chief executive of Standard Life Investments, has also commented on the situation facing Greece:
There is clearly a very significant concern reemerging at the moment that we are seeing real issues surrounding the eurozone. If they have to impose capital controls to keep Greece in, that is really about a two-tier euro and is that then the beginning of the end?