EU ministers meet today

12 March, 2012


EU ministers are meeting today and are expected to give final approval to the Greek bailout deal. The Euro has been strengthening (giving worse rates for sending Euros) this morning, despite worries over Spain missing new deficit targets, but having signed off the credit swap with private creditors last week, Greece will now be in line to receive its bailout payout before the looking deadline to refinance its debts.

The Pound is also falling back against the US Dollar, having lost nearly a cent in morning trading.