FX-Analysts have seen that even though the EU Officials have managed to reach the long awaited agreement on the second Greek bailout the markets have been very moderate. After the negotiations that lasted over 13 hours we know that further cuts have been agreed in Health Care, minimum wage, military spending and private bondholders have [...]
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FX-Foreign Exchange Market News Friday 17th February, 2012
During the US Session overnight significant progress on securing a Greek bond –swap deal and a fresh bailout to the indebted country has produced an aggressive short covering. The EUR is short running to the exits as it realizes that the headlines carried enough substance to believe the finishing touches to a second bailout deal [...]
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Foreign Exchange Daily News Friday 10th February, 2012
The Greek coalition government has reached common ground on the pension cut reforms which was the last sticking point. There is still however disbelief over the effectiveness of the new Greek austerity plan and this is making the Euro group reluctant to sign off on a fresh second bailout worth €130 billion. These are the [...]
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