€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.

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

Tags: , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: