The Euro remained deadlocked at its recent 2-year lows in early trading on Wednesday after a sell-off in global stocks while fears continue to mount over debt-ridden Spain's potential bailout.
Skyrocketing borrowing costs in Spain continue to fuel fears for the region's economic stability and European Union officials went on to state that Greece had little hope of meeting the terms of its recent bailout.
As a result, the Euro, which plummeted to a new 2- year low, remains in a downward slump even though the single currency rebounded towards the end of the Asian session.
Skyrocketing borrowing costs in Spain continue to fuel fears for the region's economic stability and European Union officials went on to state that Greece had little hope of meeting the terms of its recent bailout.
As a result, the Euro, which plummeted to a new 2- year low, remains in a downward slump even though the single currency rebounded towards the end of the Asian session.
Posts
No comments:
Post a Comment