Feb. 9 (Bloomberg) -- The euro rose the most in almost a month versus the
dollar on speculation European officials meeting this week will agree to assist
Greece in tackling its budget deficit. Japan’s currency slid the most against
the euro in more than two months after a European Central
If asked about the risk of a Greek default, ministers were advised to say they
were “fully confident” that the country “will rise to this challenge,”
according to the confidential EU memo, which was dated Feb. 5. The note’s
recommendation on sidestepping such questions was called a
If asked about the risk of a Greek default, ministers were advised to say they
were “fully confident” that the country “will rise to this challenge,”
according to the confidential EU memo, which was dated Feb. 5. The note’s
recommendation on sidestepping such questions was called a
Feb. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said he
can’t call for outside aid as his government struggles to cut the European
Union’s largest budget deficit. Papaconstantinou has so far failed to convince
investors that Greece can push the deficit below the
Feb. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said he
can’t call for outside aid as his government struggles to cut the European
Union’s largest budget deficit. Papaconstantinou has so far failed to convince
investors that Greece can push the deficit below
Talking Points • Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet Heads to EU Summit Ahead of
Schedule • US Dollar: Wholesale Inventories, IBD/TIPP
Economic Optimism on Tap British Pound Gives
Click to enlarge photo LONDON (AFP) - The European single currency breached
1.37 dollars on Tuesday on hopes that eurozone debt woes may ease, dealers
said. The dollar rose to 89.71 yen from 89.28 late Monday. Reports that the
debt and deficit problems of Greece,
Top Stories Euro rallies on hopes for EU summit on Thursday Asian equities
slightly lower but Europe up on summit hopes Oil at $72.40/bbl Gold holds
steady at $1068/oz. Overnight Eco JPY Prelim Machine Tool Orders up 192% EUR
German Final CPI -0.6% as expected EUR
Investors are already dumping those countries’ assets as their governments
struggle to rein in budget deficits, making it more expensive for them to
finance the debt. Should the ECB press ahead with its exit strategy by pulling
its unlimited cash support for euro-area banks, interest rates
By Bloomberg News Investor appetite for emerging-market assets picked up after
a European Central Bank spokeswoman said President Jean- Claude Trichet will
leave a meeting early in Sydney to attend a meeting of euro nation chiefs on
Feb. 11. The MSCI Asia-Pacific Index reversed a loss
Feb. 9 (Bloomberg) -- Greek Finance Minister George Papaconstantinou said he
can’t call for outside aid as his government struggles to cut the European
Union’s largest budget deficit. Papaconstantinou has so far failed to convince
investors that Greece can push the deficit below the
