Greek PM Tsipras wants European Parliament to be involved in bailout reviews

FXStreet (Córdoba) - Greek prime minister Alexis Tsipras wants the European Parliament to join the creditors overseeing the evaluation of its bailout.

In a letter addressed to Martin Shulz, President of the European Parliament, Tsipras requests for "full involvement of the European Parliament - as fifth actor in the context of the so-called 'creditors quartet' - in the regular review process regarding the implementation of the loan agreement".

Tsipras says he wants the European Parliament to act as the "ultimate guarantor of democratic accountability and compatibility of economic policy in Europe".

Crude oil drops sharply to lowest since 2009 after inventory data

Crude oil resumed the decline and accelerated below $42 a barrel. It bottomed recently at $41.35, reaching the lowest level in six and a half years. The movement followed the report about inventories that showed the biggest rise in four months.
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USD/JPY drops toward 124.00

USD/JPY weakened sharply after the beginning of the American session and dropped to 124.05, reaching the lowest level since Friday. The yen gained momentum amid risk aversion and falling US bond yields.
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