Report: Greece activates EU/IMF Aid Package

[RTFX-Trading]

[B][I][U]Report: Greece activates EU/IMF Aid Package[/U][/I][/B]

Greek Prime Minister George Papandreou has reportedly asked for the activation of an EU/IMF aid package in a bid to pulling his country out of a debt crisis. "It is imperative that we ask for the activation of the mechanism," Papandreou said while visiting the remote Aegean island of Kastellorizo, according to Reuters.

The Euro rebounded in anticipation of the request, as high as 1.3346 against the US Dollar and to 124.73 versus the Yen. Meanwhile the Greek/German 10-Year government Bond Yield spread fell 9bps to 534 following the news of activation of the package deal.

The Euro is now at 1.3310 versus the greenback, up 0.11% on the day, to 0.8660 against the Sterling, a rise of 0.17% and is highest against the Australian Dollar, up to 1.4451, a rise of 0.81%.

[IMG]http://www.rtfx.com/images/news/EUR230410.gif[/IMG]

Emman Xuereb
Trading Desk
RTFX Ltd
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