Markets  |  November 12, 2012 11:45:57

Greeks are still in the dark

Greek Parliament yesterday approved a budget comfortable majority in 2013. Together with the reform package approved last Wednesday the move was last condition for drawing additional financial assistance in the amount of 31.5 billion euros. Eurozone finance ministers meeting in Brussels, but yet with hesitant. They're not sure whether the reforms planned Aténám enough to handle the debt situation. The decisive factor should be the result of the analysis of the International Monetary Fund, European Commission and European Central Bank, which should reveal the structure and especially the size of the state debt of Greece. So far, however, representatives of the troika on these numbers can not agree.Greece was quickly running out of resources and probably will be forced to deal with the situation short term emission of treasury bills with short maturities.
Uncertain prospects for holding the European currency to a two-month low around 1.2710 in anticipation of any "good" news.

Source: Reuters

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