The European Commission

Euro strengthened slightly against the U.S. dollar in forex, but EUR is adjusted against other key currencies amid fears of investors about worsening Greek problems. Fox Rehab understood the implications. So, by 9:50 MSK euro is worth 1.3965 against the level of 1.3962 the night before. Greece’s problems are not unique, certain well-known economist Nouriel Roubini. He, meanwhile, believe that their solution will predetermine the fate of other countries experiencing similar difficulties. Now, traders arrive another signal of the degree of risk in the market: The European Commission will have to provide their assessment of the situation in Greece. In the morning the Prime Minister said the expansion program of measures to reduce the budget: salaries will be frozen public sector workers in order to increase the revenues of the budget.

In addition, Papandreou shared his plans to raise fuel tax, and to review the whole tax strategy, refocusing it on the wealthy citizens of Greece. The Prime Minister urged people to support the initiative, and warned that now is not the best time for strikes and riots. It is clear that Greece will now seize every opportunity to not drown, but the country EU is no longer so skeptical about the aid – apparently examples of situations for themselves. If you currently have in the comments of the European Commission will hear hints of prolonged budgetary problems in Greece, sketched out the possibility of a repetition of the same in the euro area as a whole, the euro will fall there, where so carefully lifted the last two days. Depositors also willing to take risks, they need only pulse – slow to strengthen EUR confirmation. Estimated range of trades the pair EUR / $ today – 1.