No formal decision on Greece expected to come from today’s summit

FXStreet (Córdoba) - Heading into the European leaders summit, French President Hollande and German Chancellor Merkel agreed that there is potential for a Greek deal, but latest proposals are insufficient to make a decision today.

French President Francois Hollande said that no formal decision will come from today’s summit but it will open the way for resolution.

Hollande's comments echoed German Chancellor Angela Merkel's who stated that there is potential for a deal with Greece, but proposals are insufficient to make a decision today.