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Euro Crisis Drags On, EUR/USD Slides Below 1.37 as Greek Default Worries Back in Spotlight
So it seems that a conference call and the ECB opening up its spigots to pump out US dollars – solving a liquidity problem for European banks – has not solved the Greece problem. We start this week again with heavy risk sentiment with the euro falling below the 1.37 level as worries again surface around the troubled periphery country. Today begins, or better restarts, the review by the EU and IMF in regards to whether Greece should get its sixth trench of aid from its original 110 billion-euro bailout. The EU/IMF inspectors had left the country two weeks ago when they found a budget hole in the country’s books, ... (full story)
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