EUR review

The Greek debt saga is over only for the time being and there were rumors that the Greek government does not have cash to pay salaries & pensions at the end of May. The other important development was that the IMF is taking a backseat and has said that it may not participate in a third bailout package for Greece. 

This leaves only the EU & the ECB for a potential third bailout package. In Germany, Finland and a few other countries there is tremendous pressure on the government to let go of Greece and push it out of the Eurozone as no progress has been made in talks which have run for about 5 months now. 

The lack of trust in Greece's negotiating team has a lot to do with this and the inability of the earlier and the current government to implement austerity measures and collect taxes has eroded credibility in the negotiations.