Adding to risk off moves this am is a story on DJ wires that titles Greek Creditors Still at Loggerheads Over How to Tackle Greek Debt -Sources. With the International Monetary Fund threatening to stop its financing unless the euro zone accepts debt restructuring worth tens of billions of euros to bring the country's debt to a sustainable level, people with direct knowledge of the matter said Tuesday. Greek restructuring could cost Europe up to 50 billion euros.
Adding to risk off moves this am is a story on DJ wires that titles Greek Creditors Still at Loggerheads Over How to Tackle Greek Debt -Sources. With the International Monetary Fund threatening to stop its financing unless the euro zone accepts debt restructuring worth tens of billions of euros to bring the country's debt to a sustainable level, people with direct knowledge of the matter said Tuesday. Greek restructuring could cost Europe up to 50 billion euros.
ReplyDeleteThis has been doing the rounds in the market.
Heard mid east was bidding at 1.2905-00 level. 05 bids were filled. That was the low so far.
ReplyDelete