[Dow Jones] Greece's budget deficit for 2009 according to Eurostat is now at 13.6% of GDP, considerably higher than the government's projection of 12.7%, notes UBS, and it could even be revised higher. UBS says Greek bond and CDS spreads remain elevated and those of Portugal are rising in sympathy. The bank says while it remains to be seen whether Greece will activate the aid package - and there could be a relief rally on an activation - given the apparent lack of urgency in finalizing the details of the bailout plan, troubled times are seen ahead for the euro. EUR/USD now at 1.3338, just off the day's low at 1.3332 and UBS maintains its 3-month forecast of 1.30.
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IT'S ALL ,,,,
Only money in the bank count
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You cannot learn better without losing
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IT'S ALL ,,,,
Only money in the bank count
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They think they are smarter than I am.
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those who can, do. those who cant, talk about those who can
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You cannot learn better without losing
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IT'S ALL ,,,,
Only money in the bank count
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those who can, do. those who cant, talk about those who can
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