“The euro is slumping against the dollar Wednesday morning as Greek bond prices tumble and their yields surge higher against their German counterparts. The dollar is split against other major currencies, with little change against the yen, a retreat against the Canadian dollar and a partial rebound against the U.K. pound. As talks between Greece, the European Union and the International Monetary Fund get under way in Athens, after a delay of two days, investors are focusing on the many uncertainties and are shunning Greek bonds and the common European currency. Although the EU and the IMF have pledged a total of EUR45 billion to Greece, the structure and conditions of any bailout remain unclear.” Read more.
“Euro Under Pressure As Greek Bonds Slump”
The Wall Street Journal, April 21, 2010.
Images Copyrighted by Historylink101.com & found at Greek Picture Gallery.