10 May 2010
Euro faces long-term decline after Greece deal

10 May 2010

Euro faces long-term decline after Greece deal

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  • Stephen Gallo , Head of Market Analysis, Schneider Foreign Exchange

    Stephen Gallo , Head of Market Analysis, Schneider Foreign Exchange

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The EU/ECB-joined Greek deal announced today is good for news markets in the short term, but Stephen Gallo at Schneider Foreign Exchange outlines three reasons why the deal will weigh heavily on the euro for the next two years – and why it marks a profound “structural shift” for the ECB.

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