EUR review: Western Union

Quotes from Western Union:

- The euro got a boost from stronger data which seems to be gaining momentum now. The Greek saga will continue to weigh in on the Euro as two members of the Troika, ECB & IMF voiced concerns about the reforms measures that Greece presented to the Euro Finance Ministers Group which was accepted. 

- The ECB raised the issue that the fresh Greek commitments differ from existing program commitments & that they need to study whether the new measures proposed by Greece are qualitatively better than the previous ones. IMF chief Christine Lagarde pointed out that the Greek reform measures were not detailed enough and raised concerns on VAT, pension reforms and also privatization efforts. 

- About 8 Eurozone members hit record low 10-year yields as the market participants are front running the commencement of ECB's QE program in March.