"Creditors can either retain their demands for a deal that does not involve debt relief (which won’t be accepted) or cede to the will of the Greek people and renege on their ‘red line’ that has been in place since the start of current negotiations" - Simon Smith, Chief Economist, FxPro
Read moreThe changes in margin requirements will apply only to new positions. eToro expects to shift conditions back to normal on Monday.
Read morePaul Orford, VP Business Development at TopFX on the Greek default: "Like many things in the markets and life, this will pass and will just go down as just another footnote in trading history. It will line up against such luminaries as the recent SNB movement, Black Wednesday in 1992 all the way back to the Dutch tulip collapse in 1637"
Read moreThe broker aims to provide a safeguard against effects from potential market volatility and warns that trading with EUR pairs may be subject to tighter margin requirements.
Read moreGreece's Central Bank issued an urgent plea to reach a bailout deal, warning of financial catastrophe for the nation if it is forced out of the EU
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