Cyprus calls for bailout

Source: Marketwatch
Cyprus has become the latest member of EU, that official has required a financial aid from union. The aim of decision is to tackle risks of country's economy, claimed Cypriot government on Monday. Cyprus is the fifth member of Eurozone that will require bailout from region's counterparts. Euro remained lower versus Dollar at USD 1.2500.
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Tue, 26 Jun 2012 07:00:16 GMT

Euro moves closer 2-week low on growing uncertainty

The 17-nation currency traded 0.3% from a 2-week record low versus Dollar after Merkel expressed resistance to Euroarea debt sharing and Moody's downgraded 28 Spain's lenders. Euro traded at USD 1.2506 during Asian trade. Currently EUR/USD is trading at 1.2499.

Tue, 26 Jun 2012 06:32:16 GMT

Merkel strengthens resistance to Eurozone debt sharing

Chancellor Merkel strengthened her opposition to Eurozone debt sharing, moving Germany on battle course against its allies ahead of upcoming EU summit in Brussels this week. Yesterday Merkel claimed in her speech Euro deposit insurance, Euro bonds and Euro bills to be counter-productive and economically wrong. Moreover should the usage of such instruments is against German constitution. 

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