-
Friday, February 10, 2012 - 11:20am
Euro Tumbles As Greek Deal Thrown Into Doubt
On Friday morning the EUR/USD currency pair tumbled, dropping below the $1.32 price level. The leader of Greece's far-right party, Karatzaferis, stated that he was unable to vote for the deal struck just a day ago. Further, Karatzaferis and his party offered to resign from the Greek government....
Read More >> -
Thursday, February 9, 2012 - 11:47am
Euro Gains on Greek Deal
Finally! The Greek situation has been put to bed! Or has it? On Thursday morning, Greek leaders announced that they had finally reached a deal with their private creditors to avoid an outright default. The EUR/USD currency pair instantly rallied on the news, spiking over 0.30% to break strongly...
Read More >> -
Tuesday, October 11, 2011 - 12:02pm
You Can't Put Out a Greece Fire With Money
This morning we got an announcement from the "troika" that Greece would get the €8 billion ($11 billion) in aid it was promised under the first Greek bailout in 2010, with the payment likely coming in November. Despite getting the payment issue all but settled, the troika, which includes the...
Read More >>
