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Eurogroup calls Greece to fully implement the agreed milestones for March

In a statement published on Monday, the Eurogroup notes that the MoU milestone for February, agreed between Greece and the Troika, has been achieved. The Eurogroup said Greece has introduced expenditure ceilings and has gone beyond the milestone, preparing monthly targets for the largest state-owned enterprises (SOEs).

The Eurogroup calls on the Greek authorities to keep the reform momentum and, in particular, to fully implement the agreed milestones for March, as a precondition for the disbursement of a further sub-tranche of EUR 2.8 bn under the second instalment.

Forex: EUR/USD glued to 1.3000

The shared currency remains trapped around the key level of 1.3000 as we enter the last part of the NA session on Monday, after irrelevant dockets in both the US and Euroland have collaborated in the dullness...
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Forex Flash: GBP/USD could face further downside – Commerzbank

The sterling is gathering pace at the end of the trading session on Monday, after a bout of buying interest is now pushing the cross beyond the key resistance of 1.5100...
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