Category: Currency Currents

Their words, not mine.

How about a cornucopia of third party commentary today ... to get the juices flowing?

From Reuters on helping out Greece ...

A potential EU support package for Greece would probably spark a near-term euro relief rally but is unlikely to alter the medium-term downward trend, says Lee Hardman, currency economist at BTMU. A support package “won’t solve the crux of the problem which is that Greece and other peripheral economies have become uncompetitive,” he says. Aggressive fiscal tightening in these countries will also “dampen overall eurozone growth and inflation acting to slow the pace of ECB monetary policy normalization.”

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