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Euro Strengthens as Greek Minister Says Agreement on Debt is ‘Attainable’
The euro strengthened against the dollar and Swiss franc on speculation European officials are nearing agreement on measures designed to halt contagion from the region’s debt crisis. The 17-nation currency also rose versus the yen as Italian bonds narrowed their yield difference, or spread, over German debt. Greek Finance Minister Evangelos Venizelos said a resolution of the crisis is “attainable” and European Central Bank Governing Council member Ewald Nowotny signaled the ECB may be willing to compromise on the use of Greek bonds as collateral after a default. Sweden’s krona and Australia’s dollar climbed ... (full story)
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