Will Greece Accept An E.U. Loan at Market Rates?

Filed under: International Markets, Other Issues, Currency

Friday's key developments in 'As The Euro-Zone Turns':



The Greek fiscal crisis has apparently shifted from the onus being on the European states, to the onus being on Greece.



The credit and currency markets remained poised to price-in a resolution to the crisis, but was by no means convinced that Greece would accept what may be viewed as harsh loan terms from the European Union. Reuters reported Friday Greece would have to pay more than 6% to obtain emergency euro-zone loans of up to 3 years, and an even higher interest rate for longer loan terms, euro-zone sources familiar with the matter said.

Continue reading Will Greece Accept An E.U. Loan at Market Rates?

Will Greece Accept An E.U. Loan at Market Rates? originally appeared on BloggingStocks on Fri, 09 Apr 2010 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=6603f4252ecb50688f12be7b3c29885b