While Friday's 'agreement' to agree to agreeing a deal that would be agreeable between The Eurogroup (and its 'Institutions') and Greece was heralded by the markets as a success for avoiding a Greek Exit (Grexit), there are numerous hurdles left in the next few months that could derail this process and bring about the re-introduction of the Drachma. As Deutsche Bank concludes, Greece’s (reluctant) request for a bailout extension is the first step in what is likely to be a difficult path to compromise...
Perhaps we should just focus on getting through today without a "nein" from the Institutions...
Source: Deutsche Bank
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