Home > Uncategorized > Risk FX Under Pressure with Greece Instability and Spanish Debt Rise

Risk FX Under Pressure with Greece Instability and Spanish Debt Rise

Forex Trading Update May 9th

Risk FX remained under pressure in morning European trade today as yields on Spanish debt rose above the 6% and Greece saw no progress on creating a workable majority government for its Parliament.

Greece’s  leftist party Syriza led by Alexis Tsipiras  continues to negotiate for a deal but insists that the bailout terms imposed by the Troika must be amended. At the same time Mr. Tsipiras affirms that Greece should remain in the euro.

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Additional Reading:

Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK))

Greece’s ‘Odious’ Debt: The Looting of the Hellenic Republic by the Euro, the Political Elite and the Investment Community (Anthem European Studies)

Charlie Rose – Debt Talks / Greece / Entourage (July 22, 2011)

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