Keep Watching Europe Bonds-to-Stocks Flows: Market Analyst
‘Keep Watching Europe Bonds-to-Stocks Flows: Market Analyst’,’Markets opened higher on Friday after a deal was struck between euro zone countries that will give Greece a monetary safety net, with the involvement of the IMF. [Read the full article]
* Euro gains broadly on news of accord on Greece * Euro-zone leaders approve Greece safety net, includes IMF * Uncertainties remain; euro down 6.6 pct vs dlr in 2010 (Adds comments, updates prices)
NEW YORK, March 26 (Reuters) – The euro rose broadly on Friday after euro-zone leaders agreed on a safety net for Greece, though uncertainties remained over the country’s debt sustainability.
Euro-zone policy-makers agreed on an aid package under which Greece would receive both bilateral loans from euro-zone partners and funding from the International Monetary Fund if it faced severe difficulties. [ID:nLDE62N2R1]
But the plan did not alleviate longer-term worries about Greece and other fiscally vulnerable economies in the region, such as Portugal and Spain, limiting the euro’s gains.
Analysts said the agreement is limited because it only offers funding as a last resort and only with unanimous euro- zone approval. [Read the full article]
Britain’s members of the Parliament Justine Greening, right, of the Conservatives party, and John McDonnell, left, of Labour party, lead other environmental campaigners against the expansion of London’s Heathrow Airport as they exit celebrating a court decision, outside central London’s High Court, Friday March 26, 2010. The court is ordering the government to review its proposal to expand London’s Heathrow airport by building a third runway. In the long-awaited ruling Judge Robert Carnwath says the government’s plan is “untenable” because it’s based on outdated environmental requirements. Friday’s ruling is a temporary victory for environmental campaigners, as it will likely delay the government’s plans to increase services at Heathrow, Europe’s busiest airport. [Read the full article]