The outlook for the Euro zone currency this week is likely dominated again by events in Greece. This week leading EU finance ministers are expected to meet to rubber stamp the long awaited 2nd bailout package for Greece. Today we expect to see the conclusion of Greek drama after weeks of market and currency uncertainty that has literally shaken the currency to its core. Analysts are however, quick to point out that there is still significant work and issues to resolve.

Both politicians and market analysts alike do not expect a complete agreement or resolution following an agreement on the package that aims to resolve Greece’s economic woes. Leading economists predict that a resolution and return to normality will take decades, however actions must be implemented now. Again yesterday thousands of Greek demonstrators took to the streets to protest austerity measures agreed by their leaders last week.

European ministers must today agree upon new measures to tally the financial data since with every day that passes, Greece slips further down the path of economic collapse that threatens the entire Euro block.  European leaders are in agreement that this current bailout package is a step in the right direction that in co-ordination with the austerity measures will move towards a restructure in the country’s mounting debts, put it on the right track to financial and economic stability. These are essential understandings that will keep the country inside the single currency zone.