Europe European countries reached an agreement a few hours ago to once again save Greece from defaulting with a new EUR130 billion ($170B) bailout. Of course it’s not hard cash but actually more loans given to a country which struggles to get out of recession ...

Europe The euro gained steadily on Friday as markets corrected on reflection of the US dollars overbought status. The safe-haven currency has been widely in demand this week as bond yields of several European countries remain high and, specifically, the Italian ...

Europe Greece is in the process of making a U-turn on it’s democratic, but somewhat predictable, decision to hold a referendum on its bailout options. Predictable not in the sense that it was something which was bound to happen in the cradle of democracy that ...

Forex News The last minute deal in the Euro zone to contain the debt crisis led to a trouncing of the US dollar, and may have sealed the fate of the greenback.  The agreement made in Europe on Thursday involves a 50% write-down of  Greek debt and will boost the ...

Europe Risk appetite returned to the markets today as investors felt a breeze of confidence from the EU crisis summit . The calming words from Mr. Barroso were the catalyst for a return to riskier assets for traders who had resigned themselves to a winter of ...

Forex Fundamentals Well, it has been a long time coming and, it could be argued, should have happened months ago, but a deal has been done which should put a bottom under the sovereign debt crisis in Europe – for a while at least. European Union leaders have agreed a ...

Europe The weekend saw an extraordinary meeting of leaders of the 27 member strong European Union group of nations. The main item on the leader’s agenda was how to reassure the markets that they could contain the sovereign debt crisis and ensure that financial ...

Forex News The currency markets continued to favor riskier currencies moving into a weekend that could change the patch of riskier assets.  The EU summit will begin over the weekend and officials will discuss and make decisions on how to sure up banks and resolve ...

Europe Another Southern European nation edged a little closer to the masked executioner in the early hours of Friday morning as the credit rating agency Standard and Poor’s squeezed down Spain’s rating from AA to the not-so-different AA-. Screaming its new-found ...

Forex News The Euro rallied strongly, alongside other risky assets on Wednesday as the heavyweight of European finance, Jose Manuel Barroso, announced a plan to end the European debt situation and force a decisive decision on the sustainability of Greece. Despite ...