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Euro Rises on Global Recovery Signs, Readiness to Rescue Greece
March 08, 2010, 2:23 AM EST <!-- Aggregate knowledge -->
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By Yoshiaki Nohara and Ron Harui
March 8 (Bloomberg) -- The euro rose against the yen and the dollar for a second day as expectations increased Greece will get assistance, boosting demand for higher-yielding assets.
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“I want to be very clear: if it were necessary, the states of the euro zone would fulfill their commitments,” Sarkozy said yesterday in Paris after a meeting with Papandreou. “There can be no doubt in this regard.”
Papandreou’s government last week passed a further round of austerity measures and sold 5 billion euros ($6.8 billion) in government debt.
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March 08, 2010, 2:23 AM EST <!-- Aggregate knowledge -->
<!-- Story Tools -->
<!-- Story Tools Ends -->
By Yoshiaki Nohara and Ron Harui
March 8 (Bloomberg) -- The euro rose against the yen and the dollar for a second day as expectations increased Greece will get assistance, boosting demand for higher-yielding assets.
snip
“I want to be very clear: if it were necessary, the states of the euro zone would fulfill their commitments,” Sarkozy said yesterday in Paris after a meeting with Papandreou. “There can be no doubt in this regard.”
Papandreou’s government last week passed a further round of austerity measures and sold 5 billion euros ($6.8 billion) in government debt.
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