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France/Germany remain at odds over IMF for Greece

By   || March 19, 2010 at 14:12 GMT
|| 11 comments || Add comment

Reuters quotes a French government source as saying talk of an IMF loan for Greece is premature. France wants to put a priority on a European solution for the Greek crisis.

Technical aid from the IMF is fine, the source says.

Germany has been far more open to having Greece go to the IMF as that would not violate the EU treaties (and it would take them off the hook financially)…

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11 Responses to “France/Germany remain at odds over IMF for Greece”

  1. Alex Khan (aka Alex) on March 19th, 2010 14:18 GMT

    It’s like, France would love to give Greeks tons of deutschmarks, pardon, euros for a bailout, but Germany objects ? No wonder. Btw, isn’t France right after the PIIGS relative to debt/GDP rankings.

  2. hart on March 19th, 2010 14:21 GMT

    good morning jamie. my eur/usd hedge @ 3535 just popped. looks like 3520 stops are holding for the minute. jst watching to see which way i want to cut. any advise on your home front thanks

  3. Raj on March 19th, 2010 14:30 GMT

    Significant plunge in AUDUSD and AUDJPY in the past one hour. Looks like a support in AUD is broken.

  4. JR on March 19th, 2010 14:35 GMT

    If the former french pm, de villepin, is to be believed, sarkozy is a crook who takes money on arms deals (like the recent one where france sold attack subs to russia) and stashes the loot .
    http://www.guardian.co.uk/world/2010/jan/28/france
    http://www.telegraph.co.uk/news/worldnews/africaandindianocean/angola/6448236/Francois-Mitterrands-son-convicted-in-Angola-arms-smuggling-case.html
    Going to the imf would empower his other 2012 presidential rival strauss-kahn, who currently heads the imf. Another theory is that because french banks hold more of the greek debt, they are keener to ensure that greece doesn’t go bust.

  5. Jamie Coleman on March 19th, 2010 14:36 GMT

    Foreign minister, i believe…don’t think he was PM…not for long, if he was…

  6. JR on March 19th, 2010 14:42 GMT

    he was chirac’s prime minister for a couple of years 2k5-2k7…

  7. Jamie Coleman on March 19th, 2010 14:49 GMT

    The mind has a funny way of blocking out information it finds distasteful…

  8. hart on March 19th, 2010 14:52 GMT

    morning rag following aud/usd down and gonna scoop up some long positions @ the bottom of the stroke. looks like it is running for 9100 and then 9050. there is some minor support just above 9100 good trading!

  9. Michael Miller on March 19th, 2010 15:21 GMT

    The next couple of trading days, could be a really good opportunity, to get long aud/yen.

  10. Bear on March 19th, 2010 15:37 GMT

    Mike check out the 300 linear weighted moving average on both hourly and 4 hourly Aud/Jpy

  11. Michael Miller on March 19th, 2010 19:03 GMT

    So are you thinking that buying on that hourly bounce off of that MA is a good bet?

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