Greek lawmakersâ€™ midnight approval of a 2013 austerity budget put the onus on European finance ministers meeting later today to keep their three-year crisis fight on track.
The finance chiefs gathering at 5 p.m. in Brussels intend to prevent a 5 billion-euro ($6.4 billion) Greek bill redemption on Nov. 16 from triggering an accidental default, while theyâ€™re unlikely to ratify a 31.5 billion-euro payment to Greece that has been frozen since June, a European official said Nov. 9.
We remain confident that European support will be agreed on by the end of November, or early in December,â€ť Erik Nielsen, London-based chief global economist at UniCredit SpA, wrote in a note to clients yesterday.
With the euro-area economic slowdown reaching Germany and stoking mounting public protests in France and Spain, German Chancellor Angela Merkel will travel to Lisbon today, following her trip last month to Athens. European Central Bank President Mario Draghi said last week the outlook for the euro area is worsening. The euro has fallen 0.8 percent against the U.S. dollar since Nov. 7.
- 1Draghi Says ECB Will Do What It Must to Spur Price Gains
- 1E-Trade Trader Owe $106,445.56 In One Night
- 1FOMC Minutes Pushed Toward December Hike
- 1U.S. consumer prices Index Picking Up Excluding Food, Energy
- 1French Exchange Plans Normal Open as Paris Awakens From Attacks
- 1IEA Says Record 3 Billion-Barrel Oil Stocks May Weaken Prices
- 1Draghi's Two Words on Inflation Suggest Core as ECB Policy Guide
- 1Dollar Is Too Strong Now But Why
- 1Wall Street opens lower as after strong jobs data
- 1Nonfarm Payrolls and U.S. employment Forecast For Today
Follow ForexSQ on Social Networks
adp apple asia stocks asian stocks australian dollar bank of england bank of japan bernanke best forex news boe boj bonds canadian dollar china china economy crude oil currency currency news currency trading dollar dollar index dow dow jones draghi ecb economy economy news eur eur/usd euro euro crisis euro zone europe stocks european central bank european stock markets european stocks eurozone eurusd facebook fed federal reserve fomc forex forex news forex trading forex trading news franc fx fx news gbp/usd germany gold gold price greece greek grexit imf ism japan jobless claims jobs report jpmorgan mario draghi merkel nasdaq nfp obama oil oil price oil prices opec payrolls pound price of oil ruble s&p 500 spain sterling stock stock futures stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks unemployment rate us dollar us economy us stocks usd usd/chf usd/jpy wall street yellen yen yuan
“Yes, Dollar is stable and fix and it is useful for...”
“there is no gold savior anymore...”
“i think us stocks has bubble these days...”
“Federal Reserve want to have more control on banks...”
“actually forex traders know more about ite...”
“i know grexit will destroy euro 1finally...”
“most of forex traders shocked by euro falling...”
“oil prices will fall down more...”
“unexpectedly good nfp news for US dollar...”
“swiss national bank destroyed the forex market by its false decision...”