Angela Merkel and Nicolas Sarkozy today issued a clear statement in favor of providing emergency funding to debt-stricken Greece. Just a few days ago it appeared that German and French officials were contradicting each other on whether or not investors should be forced to suffer losses. The latest move however, sends a clear signal to the markets that the Eurozone’s two largest economies do not intend to see investors taking a loss.
Source: BBC News
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.