All eyes on Greece

The Greek government has to make it appear as though they did the right thing. That means they have to create enough panic for the country to accept whatever terms they sign up for with the rest of the Eurozone. And so panic continues in Greece as Greeks pull out money from banks and move it out of the country. The greek stock market below broke to a new low finally as the crisis comes close to the announcement of the final deal and that should continue to be the case till the end of the month given the current stance. Prices closed near the lower trendline support and if that breaks expect European stock markets to remain weak in the days ahead till month end.