Greece move 1 step closer to receive Bailout Aid

The Greek Parliament on early Monday passed its 2013 budget, reports from Athens said, marking another key step in releasing aid payments to shore up the nation’s finances. The lawmakers approved the austerity budget by a greater margin than last week’s passage of a separate austerity package, with both pieces of legislature required to free up a stalled tranche of aid to help Greece. The move, which comes ahead of a meeting of euro-zone finance ministers, slated for later in the day, had little impact on the euro, which remained above the $1.27 level following the news.

Via – MarketWatch

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.