Resign Prime Minister George Papandreou, Greek Political Situation Still Blur
fxbom.com
12:32 PM
Greek Prime Minister George Papandreou on tonight (06-11) declared resignation from his post. After a referendum on the proposed bail-out effort against Greece and then cancel it, George Papandreou resigned before further discussions between the Greek policy of bail-out of EU finance ministers in Brussels tomorrow.
Finance Minister Evangelos Venizelo suggests the need for a single vote from the Greek side in the face of the signing of an agreement to bail out Greece.
Fxbom.com analyst argues, these developments could increase the volatility of movements of the Euro on trade this week.
Although viewed from one side of the resignation of George Papandreou can show very positive signal that there is potential for a strong enough commitment from the Greek, however, still have not found confirmation of the stability of the political background of Greek in the foreseeable future.
The market is expected to be more sensitive and open the potential for movement of the drastic and sudden Euros.
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