Thursday, 1 March 2012

Action Forex

Action Forex

Greek bailout to be approved after debt swap

Posted: 01 Mar 2012 12:50 PM PST

Following a meeting with euro zone finance ministers in Brussels, Eurogroup President Jean-Claude Juncker said that Greece has taken all the legal action required to secure a second bailout from the euro zone countries, paving the way for the first tranche to be paid out by March 20. However, the Eurogroup said in a statement that the disbursement of the EFSF bonds and final approval of the second bailout package

Eurogropup to make final decision on Greek bailout

Posted: 01 Mar 2012 06:45 AM PST

European markets rose on Wednesday buoyed by the ECB’s refinancing operation, conducted the previous day, which provided 800 European banks with 529.5 billion euros at 1% interest. Now investors are awaiting the Eurogroup meeting which will be held in the afternoon in Brussels. The main topic to be discussed is the Greek rescue plan. Initially, the increase of the ESM, the EU permanent rescue fund, was also
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