Greece, which needs to borrow or refinance €53 billion in 2010, has turned to Germany in particular and the European Union in general to ask for a clear message that they back Athens’s austerity measures. Greek Deputy Foreign Minister Dimitris Droutsas Thursday morning 4 March asked for the support in order to help Greek financial markets, to allow the country to borrow more cheaply. Wednesday, US and EU regulatory officials said they were examining trading in the euro, as a result of the Greek financial crisis impact on the euro currency market.
Links to other sites: Financial Times, Reuters
Posted by Ellen Wallace on 4 March 2010 at 9:33 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 4 March 2010.
Filed under: World news
Tags: borrowing, euro, Greece, Greek financial markets, trading
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