Markets Blast Higher After Fresh Announcement On Greece

greece athens

Photo: Wikimedia Commons

Via Bloomberg, the EU has just made a quick announcement on Greece:

  • The troika (the EU/ECB/IMF austerity inspectors) will return to Greece tomorrow for more inspections).
  • An extra Eurogroup meeting has been announced in October to handle Greece.
  • A further Troika announcement will be made later in the day.

It’s all kind of weak sauce from a substance perspective, but we suppose the good thing is that it means everyone is still moving.

Markets jumped on the news.

Dow futures are up 91 points. Germany is up 1.1%.

Of course, bigger problems remain…

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

greece moneygame-us