Don’t blame the euro for the Greek fiscal crisis, blame imperfections in economic and monetary union, the process that brought the euro into being, says Luxembourg’s Mersch.
All those pesky rules and regulations, and gaps therein are to blame, it would appear. Ya don’t say…
Also crossing the wires are comments from the Greek Fin Min saying that it is totally prohibitive for Greece to borrow in the financial markets at this point.
Traders not some modest EUR/USD demand at the 15:00 GMT fixing. EUR/USD trades int he mid-1.3320s after a dip toward 1.3300 earlier.
