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Papandreou says EU has devised ways to lower Greek borrowing costs

By   || March 10, 2010 at 17:28 GMT
|| 3 comments || Add comment

The EU would intervene in markets if Greek borrowing costs don’t fall, the PM says. Speculators betting against Greece must be made to feel they will lose money, adds the PM.

Short of buying Greek debt or providing debt guarantees it’s not clear how the EU could lower Greek borrowing costs.

EUR/USD trades at 1.3637 after a dip as low as 1.3622.

More support is at 1.3612, the 50% retracement of the 1.3544/1.3679 rally.

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3 Responses to “Papandreou says EU has devised ways to lower Greek borrowing costs”

  1. simao4 on March 10th, 2010 17:42 GMT

    hi Jamie, what mean EU will intervene if in ….? it’s mean the EU intervene in market and buy EUR.USD, can you clarify that for me and thnx :)

  2. Jamie Coleman on March 10th, 2010 17:44 GMT

    No, will intervene to lower greek borrowing costs…

  3. simao4 on March 10th, 2010 17:50 GMT

    ah ok, i take it in wrong side , sorry :)

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