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Will the Greek Austerity Plan Pacify The Markets?

posted by Avatar fx360 1204 days ago in USD, EUR, Daily made popular 1204 days ago

The EUR/USD rallied to reach session highs as news of Greek austerity plan began to trickle out to the market. According to Dow Jones newswires, the Greek government will increase the VAT tax to 21% from 19%, freeze all pension payments and reduce civil service wages by 12% in an effort to control its growing budget deficit this year. Greek bonds
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