[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 321
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It's like a decision for the euro is good, for Athens -- bad, and where do we go after this kind of news, comment, please...
* Belgian Finance Minister Didier Reynders: Europe and the IMF could lend Greece E6bn instead of E12bn in July - Irish Independent
Eurogroup, Juncker: we have agreed on the details of the European stabilisation mechanism
" ESM activates from June 2013
" Any ESM bailout will be subject to conditions
" It is clear that Greek debt is supported, but will remain so only if Greece meets its obligations
" It is important that the Greek parliament passes the necessary bills in time (before July)
Eurozone finance ministers met on Sunday to decide whether additional support should be given to Greece and if so, under what conditions. At the moment it is a question of E110 billion of EU and IMF support, with another E12 billion tranche due to be received by July this year.
* Mayor of London recommends refusing aid for Greece
Britain must refuse to participate in the second bailout for Greece, the latter must be allowed to go bankrupt and leave the euro zone, said the mayor of London, Boris Johnson. Giving an interview to the Daily Telegraph, Johnson said the eurozone's recent problems had "exacerbated" the financial crisis and made it harder for finance minister George Osborne.
Eurogroup, Juncker: we have agreed on the details of the European stabilisation mechanism
" ESM activates from June 2013
" Any ESM bailout will be subject to conditions
" It is clear that Greek debt is supported, but will remain so only if Greece meets its obligations
" It is important that the Greek parliament passes the necessary bills in time (before July)
* Majority of Greeks against reforms
The Greek daily Kathimerini has published an opinion poll conducted by Vima before last week's change of government. The poll showed that 47.5% want parliament to reject the proposed reforms and Greece to hold early elections. 34.8% of those polled would prefer the austerity programme to be approved so that the country can receive a new tranche.
Eurozone finance ministers met on Sunday to decide whether additional support should be given to Greece and if so, under what conditions. At the moment it is a question of E110 billion of EU and IMF support, with another E12 billion tranche due to be received by July this year.
* EUR/USD jumps on Juncker's comments
The euro/dollar pair gained momentum after receiving support on the comments of EU representative Juncker. It broke through this morning's high at 1.4253 and the offers posted from 1.4255/60 to 1.4272.