Personal Money Transfers

Personal and Private Money Transfers payments over £5000.

Business Money Transfers

Make currency exchange payments for your business. Better rates than a bank.

Banking Exchange Rates

High St Banks or Currency Brokers? Cheapest way to send money overseas.

Cheapest Way to Transfer

Cheapest Way to Transfer Funds Internationally secure and safe transfers

best way to deal with the Greek situation

Published on 10 February 2017 in News - Pages by Raffick Marday

Lack of coherence among European policymakers on how to deal with the Greek situation

The situation in Europe seemed to deteriorate yesterday as the single currency lost ground against the dollar but managed to hold its ground against sterling.

Investors are becoming increasingly spooked as there appears to be an increasing lack of coherence among European policymakers on how to deal with the Greek situation as the risk of contagion to seemingly ‘safe’ heavyweights increases. The divergence in policy to tackle Greece is being overshadowed by the uncertain political situation in Spain, with Zapatero’s ruling party suffering a crushing defeat in the local elections.

best way to deal with the Greek situation

This political turmoil means Zapatero is less likely to be able to curtail the Spanish debt situation and meet the fiscal targets required to avoid a deterioration of the economic situation in the country. The fears of contagion are also being stoked by the rating agencies as S&P downgraded the outlook on Italy from ‘stable’ to ‘negative’, with Belgium also suffering the same fate.

A poor reading in the German business climate survey due at 09:00 could see a renewed bout of euro selling due to the fact that a strong German economy coupled with inflationary risks had been the key force behind the euro’s rally over the last month. The chances of a poor number increased yesterday after poor data out of Germany yesterday as well as weak EMU PMI figures.

Recent Posts

» «

Leave a comment

Bank Currency Calculator

GBP Flag

1 = 1.17730

Euro Flag

1 = 1.17730

Change Currencies View Providers

© 2018All Rights Reserved: Banking Exchange Rates. Address: 83 Ducie Street, Manchester M1 2JQ. +44 (0) 844 357 4755 - Email Us