To reach a sustainable solution, according to a Reuters headline.
So what are they gonna do, forgive half the debt? I doubt it. Interest rate cuts alone won’t get the job done but at least it looks as though some of the creditor nations are coming to the conclusion that something big has to be done to keep Greece from coming back for even more cash in another six months.
EUR/USD trading firmly, supported by a strong US equity rally as risk appetites improve this morning on hopes the US will avert the fiscal cliff.We’re now at 1.2777.
