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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 http://www.cityindex.co.uk/market-analysis/forex-news/2859842012/greeks-latest-fix-stabilizes-euro-for-now/

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