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FXstreet.com (Barcelona) - In Europe, the 2-day ECOFIN meeting begins today in Luxembourg where Spain and Greece will be on the agenda. No major decisions are expected at the meeting, which will largely lay the groundwork for the European Council meeting on October 18th-19th.

Also in Luxembourg today, Eurogroup President Juncker has convened an inaugural meeting for ESM Board Governors. On Tuesday, Angela Merkel will meet with Greek officials in her first visit to Athens since 2007. According to Macro Strategy Analyst J. Reid at Deutsche Bank, "Merkel's visit is likely to be marred by protests with Greece's largest unions calling for a work stoppage so that members can take part in rallies coinciding with the Chancellor's meetings with the Greek President and PM."

Draghi will appear before the European Parliament's Economy Committee in Brussels on the same day. Spain's PM Rajoy is scheduled to meet the French President Hollande in Paris on Wednesday while the Bundesbank's Weidmann is expected to speak at the Bundesbank Cash Symposium in Frankfurt on Wednesday.

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