As we begin another trading week we have 2 key factors to consider when it comes to Europe both revolving around Greece. The attention has turned to Athens yet again as there continues to be contentious negotiations around the conditions for the second ?130 billion (for now) Greek bailout. European Read More All Eyes Turn [...]
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David Cameron is facing a growing revolt against plans to give billion of pounds of British money to help bail out the euro. Read More Conservatives to block rise in IMF bailout cash
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David Cameron is facing a growing revolt against plans to give billion of pounds of British money to help bail out the euro. Read More Conservatives bid to block rise in IMF bailout cash
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Two developments today regarding banks and bondholders "private sector involvement" or PSI. First, it seems that Greece will be driving a hard bargain against bondholders as they engage in direct negotiations, including methods that force those not "voluntary" participating to also face write-downs. Usually, larger writedown and concerns about a Read More Greece Bargains with [...]
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The Canadian dollar dropped today as the speculation that the rescue fund of the European Union won’t be boosted, making traders unwilling to buy currencies with higher potential yield, but also with higher risk.(…)Read the rest of Canadian Dollar Falls on Potential Disagreement About EU Bailout Fund (143 words) Posted on Forex News. Read More Canadian Dollar Falls on Potential Disagreement About [...]
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The euro regained its footing today on the speculation the European policy makers will increase the rescue fund to help in battle with the debt crisis.(…)Read the rest of Euro Rebounds as EU Plans Boost of Bailout Fund (64 words) Posted on Forex News. Read More Euro Rebounds as EU Plans Boost of Bailout Fund
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‘Something” will happen by early November, we were told last Sunday. Read More Putting an end to the euro would be better than yet another bailout
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Back in July, Greece expected that about 21% of private bondholders would accept write-downs in order to prevent an outright default its sovereign debt. Now, some eurozone countries, led by Germany, are hoping for a little more from the private sector. (…)Read the rest of Private Sector Participation in the Greek Bailout Revisited (110 words) Posted on Forex News. Read More Private Sector Participation [...]
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(Dow Jones via eFXnews) So much for a relief rally. The euro zone’s slow trudge toward boosting its rescue fund isn’t providing much support for a battered euro. There’s more to come on that front, but traders are already looking beyond the ba 29 Vote(s) Read More FOREX WEEK AHEAD Apres Bailout Votes, Le Deluge
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FXstreet.com (Barcelona) – European markets have opened with moderate declines on Wednesday, as the… For more information, read our latest forex news. Read More European markets lower as EU bailout optimism fades
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