Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Fundamental Analysis
Daily Reviews of major currencies from Globe Gain Forex Rebates
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Globe Gain, post: 26025, member: 12181"] [B]16/02/2012 EU plays Russian roulette with Greece[/B] [b]EUR/USD[/b] [img]http://globegain.com/sites/default/files/imagecache/analytics_img/2012/February/eur_8.gif[/img] As it turned out, the very change of the status of the eurozone finance ministers meeting into a conference call signaled that no serious decisions would be taken. The lenders preferred to postpone the decision on the 130 billion allocation to the EU summit on February 20. It served as a sort of punishment for the political game of the Greek opposition. As has already been discussed, earlier this week Samaras, the leader of the New Democracy Party, mentioned that Greece would observe the severe austerity measures only for a couple of months. It was a purely political trick. And though Samaras wrote a letter of apology on this issue and vowed to honour the terms of the agreement, the Europeans didn’t find the joke funny. Now politicians promise to help Greece to avoid default in March, but are not very eager to enter into a long-term commitment. The lenders require a tighter control. It looks as though the Northern countries didn’t want to see Greece in the euro area at all and that’s why lay down harsher and harsher conditions, waiting when Greece refuses to fulfill them. A compromise is also possible: the country will be allocated the money required to keep it afloat and meet the obligations, but the size of allocations will be agreed on beforehand each time and the very fact of allocation will depend on how well Greece will be implementing the reforms. It’s quite logical that the euro should decline on such news. The single currency has already fallen down to 1.3010, its lowest level since late January. Even the data on the EU GDP, which actually exceeded the expectations, couldn’t help the euro. The decline in the fourth quarter made 0.3%. Germany lost 0.2% against the expected 0.3%. Compare it with the U.S. GDP growth of 0.7% over the same period. [b]GBP/USD[/b] The data on the British labour market didn’t manage to smooth over the news background. The number of people on the dole increased by 6.9K in January... [url=http://globegain.com/analytics/globe-gain-daily-review/16022012-0929-eu-plays-russian-roulette-greece]Read full review[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…