That should settle things down, Olli. Remind the market how screwed Greece is…
Looks like he is setting the stage for a three-year deal.The market now expects EUR 100-120 bln based on reports from German MPs today, who were briefed by Trichet and Strauss-Kahn.
Portugal and Spain must introduce new measures to stabilize their public finances, he says.
EUR/USD trades at 1.3190 after the remarks.
