Filed under: International Markets
Friday's key developments in 'As The Euro-Zone Turns': As expected, Germany and France resolved their differences and agreed to a Greece stabilization plan than includes a mix of both E.U. loans, and, if needed, International Monetary Fund loans.
The euro rallied about 1.2 cents versus the dollar to $1.3390 on the news in Friday afternoon trading. Europe's bond market took the action in stride with the interest rate on Greece's 10-year bond dropping 6 basis points to 6.25% In comparison, Germany pays 3.27% to borrow money for 10 years.
Continue reading EU, IMF Deal Reduces Greek Default Risk; Euro Rises
EU, IMF Deal Reduces Greek Default Risk; Euro Rises originally appeared on BloggingStocks on Fri, 26 Mar 2010 18:00:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
Full story at http://www.pheedcontent.com/click.phdo?i=0018c65d73c36f0a9035355ecbc6529b
Posts
No comments:
Post a Comment