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Greek PM: This is reality, not a nightmare scenario

By   || March 2, 2010 at 16:02 GMT
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The Greek prime minister is setting the stage for further deep austerity measures, saying the Greek economic situation is not just a nightmare scenario to win political support but the reality that Greece faces.We must fight to rescue our children from our country’s bankruptcy, he said, while saying we are in a state of war against negative scenarios against Greece, Reuters reports.

Those headlines helped stop the euro in its tracks, especially his use of the “b” word: bankruptcy.

EUR/USD is at 1.3550.

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