The Europeans failed to reach a solution to the debt crisis at yesterday's finance minister's meeting and the polticial situation in Greece is geting worse. The government reported a larger deficit through the first five months of the year, two Socialist MPs indicated they will not support the government's austerity plans, leaving majority of only 4, pending other defections. And on top of that there is general strike.
Moody's placed three French banks on watch possible downgrades. UK employment data was worse than expected--the claimant count showed a bigger increase and weaker average earnings.
Little wonder the dollar is better bid today.
Moody's placed three French banks on watch possible downgrades. UK employment data was worse than expected--the claimant count showed a bigger increase and weaker average earnings.
Little wonder the dollar is better bid today.
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