Greek parties continue coalition talks

Note: This section contains information in English only.
Source: Bloomberg
The winner of Greek parliamentary elections Antonis Samaras continues talks with Socialist Pasok party for a second day to create a coalition that would keep rescue funding flowing. Samaras had secured an initial agreement with Evangelos Venizelos, the leader of Pasok party. Today Samaras is going to discuss the possible  strengthening  of coalition with Fotis Kouvelis from Democratic Left party. In case all three forces manage to unite they will got 179 seats of 300 in the parliament.
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Tue, 19 Jun 2012 06:54:59 GMT

Dollar weakens ahead of Federal Reserve meeting

The US Dollar slipped versus the Yen and Euro on Tuesday ahead of Fed meeting later in the day. Investors are betting the US central bank will consider introducing further stimulus to support US economy.The greenback shed 0.3% versus Euro to USD 1.2611 and depreciated 0.2% against Yen to JPY 78.98. Currently EUR/USD is trading at 1.2611.

Tue, 19 Jun 2012 06:21:57 GMT

Emerging market countries boost IMF firewall

Emerging market countries including Brazil and China affirmed financing pledges to the IMF, almost doubling its lending power in order to rescue world economy from European debt woe. With pledges from South Africa, India and Russia the total commitment will amount to USD 456 billion a slightly more than USD 430 billion package promised in April. 

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