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Papandreou Seeks Currency Probe

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-08-10 05:33 PM
Original message
Papandreou Seeks Currency Probe
Source: WSJ

WASHINGTON—Greek Prime Minister George Papandreou is pushing U.S. officials to investigate speculation in euro currency markets he says is driving up Greek borrowing costs.

Ten-year bond offering by Greece on last week had a yield of 6.3%, about twice as much as the German government pays to borrow funds.

"We will have a very hard time implementing our reform program if the gains from our austerity measures ...


Read more: http://online.wsj.com/article/SB10001424052748704869304575109670804279964.html?mod=WSJ_hpp_LEFTWhatsNewsCollection
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-08-10 07:38 PM
Response to Original message
1. Lotsa Luck, George
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Uncle Joe Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-08-10 07:51 PM
Response to Original message
2. Kicked and recommended.
Thanks for the thread, Joanne.
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