February 2010, news round-up
Main stories:
Euro takes a bashing from Greek debt crisis
Greece’s debt crisis hit the papers and credit default swap spreads, which saw eurodollar tumble to 1.35 from 1.43 just a month earlier.
Jean-Claude Trichet, president of the European Central Bank, said Greece must stick to its excessive deficit procedures while the ECB’s official line was that there was to be no bailout.
Meanwhile, analysts raised concerns over “the obvious fragility of public finances in several countries at the
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