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IMF Working with Greece as Euro Declines

International Monetary Fund (IMF) advisers are working closely with Greek government officials as Greece begins implementing a series of deep spending cuts. Currency markets remain less than impressed however, and the euro has fallen considerably as doubt grows that Greece will be able to raise sufficient funds without direct aid from the EU and the IMF.

Source: AFP News

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Posted by Staff at 7:27 am UTC, 05/23/2012
Posted by Dean Popplewell at 6:36 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3