The Greek tour of European capitals continues though confidence in Greek resolve to solve its debt problems remains in doubt. The Greek finmin is in Frankfurt this morning, home of the ECB, saying his country is not seeking an IMF bailout and will play by euro zone rules. He says the deficit will come in at 8.7% of GDP in 2010 versus earlier forecasts for 9.1%. Hey, it’s a start…
The IMF will be visiting Greece in an advisory capacity, to help with budgetary and tax issues, in January, he says.
EUR/USD has dipped modestly after stalling in the 1.4370s. It trades now at 1.4360.
