Intraday Market Thoughts

Greeks Latest Fix Stabilizes Euro for now

by Ashraf Laidi
Nov 27, 2012 19:11

A Greek deal is finally done for now. It was between reducing the debt to 120% of GDP by 2020, or 110% by 2022 but with more debt relief and haircut on Greek paper. They agreed on 124% by 2020. The 34.4 billion in aid owed from June would likely be disbursed on 13 December pending approval by national parliaments . Full analysis on EURUSD & EURJPY


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