March 15, 2010

Euro Finishes Weaker; Uncertainty over Bailout Pressures Market

The Euro finished lower on reports that a few Euro Region finance ministers are rejecting the idea of a bailout for Greece. Over the weekend, ahead of the start of today’s two-day
meeting in Brussels, German Finance Minister Schaeuble and French Finance Minister Lagarde downplayed the possibility of a bailout package. This news was contrary to reports last week which
speculated on a $41 billion bailout proposal from German and France.

The failure to obtain …