January 19, 2010
Euro takes Beating as Greek Debt Woes Continue
The EUR USD took a beating on Tuesday. This current round of weakness is being triggered by mounting concerns about Greece’s ability to resolve its debt issues.
Traders are expecting the European finance ministers to hold their ground and maintain that Greece solves its own problems. This could be an indication that this problem will persist
as Greece is having problems reaching a budget solution. In addition, similar problems could crop up with Spain and Portugal. …
