Reuters has placed the letter from the Greek finance minister, Yannis Varoufakis along with the full set of proposals online which has been submitted to the eurozone group.

Reading through it, I think there are a great many good ideas Thailand could benefit from should they consider the contents to be of interest. http://www.reuters.com/article/2015/02/24/us-eurozone-greece-text-idUSKBN0LS0V520150224

It would certainly seem sufficient to pacify the eurozone group of finance ministers and prevent a Grexit in any event.

Let's hope the euro will now climb back up to at least 40 Baht instead of hovering around the 36 Baht mark like its doing at the moment.

Update: the eurozone group of finance ministers has officially approved the measures put forward by Greece. http://www.consilium.europa.eu/en/press/press-releases/2015/02/140224-eurogroup-statement-greece/

I shall look forward with anticipation to an upward shift in the FX rates tomorrow: http://bangkokbank.com/BangkokBank/WebServices/Rates/Pages/FX_Rates.aspx

But remember the good old days......

The bizarre suggestion above that Thailand has anything whatsoever to learn from the empty promises of the Greek Finance Minister.

He could have published his shopping list and it would have been enough to stop Greece leaving the Eurozone ,anything to keep the gravy train rolling .