€25 billion for Greece bail Package

According to reports from Germany, up to €25 billion will be pooled together by eurozone countries to bail out Greece.  The package, which has caused much uncertainty among markets due to its mysterious and unclear size, is intended to restore stability to the eurozone.

The euro itself has had a tough ride in recent weeks although towards the end of last week it managed to gain around 1% against sterling, after poor UK retail sales figures between December and January were released.  In addition, many currency exchange analysts warned against the euro becoming oversold – not long after, some risk appetite was restored.

Explore posts in the same categories: Economy, Finance, News, News Articles, Retail

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