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Greece Needs Deeper Reforms to Overcome Crisis
December 18, 2011Despite year-long efforts to revive the economy at the heart of Europe’s sovereign debt crisis, Greece remains mired in a deep recession. The economy is projected to shrink by about 6 percent in 2011, and unemployment has reached 16½ percent of the work force. IMF Survey Magazine
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New Coalition for Greece
November 9, 2011Greece’s major parties agreed yesterday to form a national government that will oversee elections after putting in place a fiscal deal. George Papandreou will step down to make way for a new PM that will be picked under common agreement. The administration is hoping to agree on the details of the new government today, including [...]
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Forex: EUR/USD lower on Greece jitters
November 3, 2011FXstreet.com (California) – The euro is weaker against the U.S. dollar on Thursday after comments… For more information, read our latest forex news. FXstreet.com: Latest News
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Greece in the eye of the storm again
September 24, 2011FXstreet.com (Córdoba) – Fears of a Greek default increased on Friday after Finance Minister… For more information, read our latest forex news. FXstreet.com: Latest News
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Fitch: Greece might default but not leave the Euro
September 20, 2011FXstreet.com (Barcelona) – Fitch rating agency has published a report today containing a… For more information, read our latest forex news. FXstreet.com: Latest News
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Wall Street weighed by concerns about Greece
September 12, 2011FXstreet.com (Córdoba) – After a negative opening followed by a short-lived bounce, US stock… For more information, read our latest forex news. FXstreet.com: Latest News
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Euro Erases Previous Gains on More Greece Details
July 23, 2011Euro in forex trading The euro has been seeing some solid gains in forex trading on the currency market earlier, but the story changed as more details about the Greece rescue came to light. Fitch, the ratings industry, said that the Greek plan amounted to a restricted default. This news has resulted in the euro [...]
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Greece: Reform Agenda Essential for Growth
July 17, 2011Amid continued market turmoil in Europe, the IMF’s Executive Board has approved the disbursement of about €3.2 billion to Greece. According to the IMF’s assessment, while the program includes some very difficult measures, reforms have slowly started delivering results. IMF Survey Magazine
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Euro Can’t Overcome Greece in Forex Trading
June 25, 2011Greenback higher in currency trading The euro has taken another beating this week in forex trading on the currency market. The 17-nation currency continues to struggle in forex trading as the Greek crisis appears no nearer to being resolved. Indeed, European leaders talk about solving the problem, but so far little has been done to [...]
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Papandreou Vote Boosts Euro in Forex Trading Despite Disappointing ZEW
June 21, 2011EUR/USD solid in currency trading The euro is heading higher in forex trading again today, even though the German ZEW came in disappointingly low. While the ZEW did prompt a small retreat, the euro is higher again as forex traders consider today’s confidence vote in Greece. Many are optimistic that Papandreou will receive the confidence [...]
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Euro Forex Trading Forecast: Will the Gains Last?
June 20, 2011EUR/USD in currency trading The euro forex trading forecast is once again looking uncertain. Today, EUR/USD has turned positive in currency trading, but it is unclear how long the upward trend will last. Gold prices are stable, and there is some support from M&A news. However, the euro may not be able to maintain the [...]
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Euro Gets Boost from Merkel and Sarkozy
June 17, 2011Statements on Greece help the euro in forex trading The euro is heading higher in forex trading against the U.S. dollar as German Chancellor Angela Merkel and French President Nicolas Sarkozy share some thoughts on Greece. They said that a “breakthrough” had been made in the situation, and that has forex traders hoping. As a [...]
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Forex: EUR/JPY pares losses on rumours of Greece deal
June 17, 2011FXstreet.com (Barcelona) – Euro Yen retreat from 114.70 has been contained at 113.70 – 20 pips… For more information, read our latest forex news. FXstreet.com: Latest News
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Forex: EUR/USD nearing 1.4300 on Greece deal news
June 17, 2011FXstreet.com (Barcelona) – The Euro us rallying across the board on the back of news about an deal… For more information, read our latest forex news. FXstreet.com: Latest News
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EURO MOMENTUM SLOWS AS GREECE SEEK AID
June 13, 2011The euro fell towards $ 1.43 over the weekend dragged down by ongoing concerns about the fate of Greece. It has since recovered some ground on a bout of short covering but downside risks remain. As key meeting dates approach (the Summit of EU heads takes place on 24th June) markets will be watching for [...]
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Euro Retreats in Forex Trading
June 6, 2011Currency trading with EUR/USD The euro is retreating in forex trading on the currency market today, thanks to concerns about what is happening in Greece. Greek protests are once again raising concerns about what will happen next. Greek citizens don’t want austerity measures, and there are worries about the status of the bailouts without austerity [...]
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EURO FIRM OVER POSSIBLE AID PACKAGE FOR GREECE
June 1, 2011Optimism that Greece will receive a new aid package and be able to avoid a debt restructuring has seen further euro gains, though media reports that the IMF will not make its next payment saw the euro under some pressure at the open today. Yesterday’s release of the flash May HICP also provided some euro [...]
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European emergency meeting on Greece debt; the country won’t desert the Euro
May 8, 2011FXstreet.com (Barcelona) – Greece already denied that it is considering leaving the euro but the… For more information, read our latest forex news. FXstreet.com: Latest News
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Will Greece Have to Leave the Euro Currency Union?
February 23, 2011Drachma may make a comeback Continued problems in Greece are leading to speculation that the country might have to leave the euro zone and reintroduce the drachma in order to save itself. The European Economic Advisory Group pointed out that things just aren’t workable right now. Spiegel Online points this out about what the EEAG [...]
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Greece: Vulnerable to More Downgrades
April 23, 2010Greece is vulnerable to further downgrades if they don’t get their house in order, says Kathy Lien, director of currency trading at GFT Forex. She speaks to CNBC’s Karen Tso about the rating of Greece sovereign debt.