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
Fundamental Headlines • Menendez Prodded Fed to Aid Lender – Wall Street
Journal • Coca-Cola Results Boosted by Asia Sales – Wall Street Journal • Greek
rescue hopes help bourses regain their poise - Financial Times • Euro, Oil,
Copper Gain on Greece Aid Speculation; U.S.
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
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
* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) -
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of
Key Overnight Developments • UK Retail Sales Growth Worst in 15 Years in
January, Says BRC • RICS Survey Hints UK House Prices May Decline as Supply
Swells • Euro Rebounds Against US Dollar on Greece Bailout Speculation Critical
Levels The Euro and the British
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
