euro firms ahead of greek debt vote
Last Updated : GMT 13:03:42
Arab Today, arab today
Arab Today, arab today

Euro firms ahead of Greek debt vote

Arab Today, arab today

Arab Today, arab today Euro firms ahead of Greek debt vote

London - AFP

The European single currency was firmer against the dollar on Tuesday as the markets waited for a make or break vote in Athens on the Greek government\'s latest austerity package. Dealers said the hope is that the Greek debt crisis is finally nearing resolution, one way or the other, although there could yet be more twists before all is done, leaving investors to hedge their bets. Investors know the stakes are sky high, they said, as failure to pass the measures means Greece will default on its debt, with all that could mean for the eurozone and the wider global economy. European Union President Herman Van Rompuy bluntly told Greek lawmakers Tuesday to pass the package as there was no \'Plan B\' if they did not. \"There are decisive moments and the coming hours will be decisive, crucial for the Greek people, but also for the eurozone and the stability of the world economy,\" Van Rompuy told the European parliament. In late London trade, the euro stood at $1.4361, up from $1.4277 in New York late Monday and the dollar eased to 80.86 yen from 80.90 yen. \"The single currency has rebounded in the last 24 hours as optimism increases that a solution will be found to avert a Greek default,\" said Michael Hewson of CMC Markets. Kathleen Brooks at Forex.com said \"expectations seem to be growing that Greece will pass the crucial austerity vote in the next few days.\" At the same time, Brooks cautioned that \"today\'s euro strength is also a function of dollar weakness\" due to recent weak data, compouned by Tuesday\'s fall in US consumer confidence figures, clouding the US economic outlook. Other analysts voiced scepticism that the EU can really find a solution to the Greek debt problems without triggering a default despite all the inventive ways of rolling over Athens\' debt being mentioned. Greek lawmakers will vote on Wednesday and Thursday over major austerity plans that are aimed at unlocking 12 billion euros ($17 billion) of funds from the European Union and the International Monetary Fund. As parliament debated the measures, Greek unions launched a 48-hour general strike against the government\'s austerity drive, upping the stakes after sustained protests against the measures. In London late Tuesday, the euro changed hands at $1.4361 against $1.4277 late in New York on Monday, at 116.13 yen (115.51), £0.8967 (0.8929) and 1.1915 Swiss francs (1.1929). The dollar stood at 80.86 yen (80.90) and 0.8297 Swiss francs (0.8354). The pound was at $1.6013 (1.5987). On the London Bullion Market, gold edged up to $1,499 an ounce from $1,498 late Monday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euro firms ahead of greek debt vote euro firms ahead of greek debt vote

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euro firms ahead of greek debt vote euro firms ahead of greek debt vote

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Leaders of Russia, Iran, Turkey meet

GMT 10:12 2017 Wednesday ,22 November

Leaders of Russia, Iran, Turkey meet
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday