The latest negative headline from Europe did nothing to damage the positive sentiment in financial markets, with both US stocks and EUR/USD holding near session peaks. Adrian Miller, senior global market strategist at GMP Securities, argues that the breakdown of EU budget talks is part of a longer-term restructuring of how the EU does business. "This is a separate issue relative to the short-term problems of Greece and its budget negotiations," he says, adding that "the Greece issue is more important with regards to market behavior and performance expectations over the near term."
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