Euro zone finance ministers, the International Monetary Fund (IMF) and European Central Bank (ECB) have failed twice to reach an agreement on Greece and hopes are rising that a deal will be made on Monday.
Analysts said Greece, together with a possible deal to avert a U.S.“fiscal cliff” of looming tax hikes and spending cuts, hold the key to maintaining a resurgence in risk appetite that has boosted equity markets and help send the euro to three-week highs versus the dollar in the past week.
