As the Economic and Financial Affairs Council (ECOFIN) kicks off another round of talks, the euro zone published today a report which showed the region’s current account deficit widening. The news has only added to recent fears that the Greece bailout plans may falter.
The EUR was seen holding uneasily against its currency rivals this morning. Many investors have been awaiting comments to emerge from the ECOFIN conference. So far, news has been largely pessimistic, with an impasse forming in the last several hours. Traders may see the EUR plummeting as the day wears on if nothing is done to address investor concerns soon.
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