Final budget details on the wires a short while ago

Target of 0.5% surplus is in line with bailout expectations

  • GDP to shrink to 0.7% in 2016
  • expecting 2015 GDP to stagnate
  • forecast of general govt debt to GDP ratio of 187.8% in 2016
  • budget forecasts privatisation proceeds of €1.88bln on 2016

Every little helps I guess

Meanwhile EURUSD is back down to 1.0698 having had another look above 1.0700

Like wise GBPUSD back down to 1.5293 after failing above 1.5300 with EURGBP stuck around 0.6995

Elsewhere other pairs are seeing a similarly subdued trading range