tommy271
Forumer storico
Greeks discussing rescheduling EU/IMF debt
Mon, Oct 11 2010, 16:37 GMT
http://www.forexlive.com
This is very bearish of euro if true: Greece is discussion prolonging repayment of EU/IMF debt, though no decision has yet been taken. The news is being reported by Reuters via Skai TV.
UPDATE: The Greek FinMin says the 2010 deficit will be about 8% of GDP from 14% in 2009, according to Skai TV.
EUR/USD is holding up shockingly well on the news with the market lulled to sleep on this partial US holiday, trading only 4-5 pips lower from the 1.3888 area where it traded before the news...
UPDATE: Apparently there was some discussion of stretching out payments at the IMF meeting over the weekend. The Germans are not happy, not surprisingl
Mon, Oct 11 2010, 16:37 GMT
http://www.forexlive.com
This is very bearish of euro if true: Greece is discussion prolonging repayment of EU/IMF debt, though no decision has yet been taken. The news is being reported by Reuters via Skai TV.
UPDATE: The Greek FinMin says the 2010 deficit will be about 8% of GDP from 14% in 2009, according to Skai TV.
EUR/USD is holding up shockingly well on the news with the market lulled to sleep on this partial US holiday, trading only 4-5 pips lower from the 1.3888 area where it traded before the news...
UPDATE: Apparently there was some discussion of stretching out payments at the IMF meeting over the weekend. The Germans are not happy, not surprisingl