Mar 04
The news of a prospective Greek bail-out plan put together by France and Germany may well go some way to soothe investor concerns about a sovereign default in Europe and has gone some way to stabilising the Euro in the short term, especially against sterling which has undergone a torrid last 7 days.
Under the plan as much as €30bn worth of Greek debt would be purchased in the form of bonds, through their respective state owned banks, but there will be onerous strings attached as the Greeks will have …
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