Euro implied rates up

Posted by 7Star Thursday, March 4, 2010

Implied eurozone interest rates nudged higher on Wednesday as Greece unveiled further austerity measures, which analysts said may clear the way for the European Central Bank to press ahead with its exit strategy. Greece's cabinet approved a sweeping new austerity programme on Wednesday, the third in as many months, in a drive to rein in a bulging budget deficit and secure European financial support, a government source said.

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