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Euro gains after request of Alexis Tsipras to extension of the debt of Greece

Euro to rise, after it became clear that the Prime Minister of Greece, Alexis Tsipras will probably request an extension of the debt of the country on Wednesday.

The single currency rose against most world currencies, amid hopes for a quick agreement on the finance ministers in Europe. The market reacted positively to the European currency after the prerequisites for a compromise on the debt of Greeceshared by Barclays Plc.

According to some sources, the Greek debt will be extended for six months, a step that would probably alleviate the situation in the region.

Commerzbank, the second largest German bank, increased its forecast to 50 100 that Greece will leave the Eurozone, after discussions between Finance Minister Yannis Varoufakis and European Commission ended in failure on Monday.

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