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 Day Exchanging Talk: Greece


Larry Levin will share some news about Greece, a nation experiencing financial difficulties, with traders and investors today. Greece will continue to share information about day futures markets.


The Wall Street Journal reports that Greece appears to be getting another bailout. Also, people who are familiar with the situation say that Germany is thinking about dropping its push for an early rescheduling of Greek bonds to make it easier to get a new package of loans for Greece's aid.


Even without burden sharing by bondholders in the short term, Berlin's concession that this country must lend Greece additional money would assist Europe in resolving its impasse regarding Greece's funding requirements before the indebted nation runs out of cash in mid-July. Could this be useful information for us?


Even though a 110 billion bailout was agreed upon last year, Euro-zone officials have known for weeks that Greece will face a financing shortfall of approximately 30 billion ($43 billion) per year in 2012 and 2013. However, it is becoming increasingly difficult to reach an agreement on how the gaps should be filled because of the growing political opposition in northern Europe to bailouts of wasteful nations like Greece.


Germany has argued for weeks that any new Athens bailout package should be paid for in part by private investors in Greek bonds. The European Central Bank, on the other hand, strongly opposes any kind of debt restructuring. In the meantime, the International Monetary Fund needs more information about Greece's funding for 2012 before it will give Greece the money it needs to get through this summer.ομολόγησε η Πισπιρίγου


A senior German official stated on Monday that the deal being discussed in Vienna may not include investor participation, despite the possibility of backlash from German lawmakers.


Jean-Claude Juncker, the prime minister of Luxembourg, stated on Monday that they will now attempt to resolve the Greek issue until the end of June. Prior to the June 24 summit of European leaders, European finance ministers are expected to discuss Greece at a meeting on June 20.


Talking about it will take a long time. Under its impact, the market will be changed and such the data will be great for brokers and financial backers to design their business. We hope that the issue will soon be resolved. Simply keep up with the market and economy to be prepared for any circumstance. We will return with Larry Levin for additional market news.

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