onenikos
Corporal
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The latest is that Greek PM will make an announcement of the financial package that is structured for Greece by the IMF and EU. The "package" is expected to be massive (150BN Euro!) over the next 3 years. My personal opinion is that this will have a short lived upward effect on the eurodollar as the bears will dominate soon after. There are few reasons for this. One is the measures demanded by the lenders will be heavily opposed by unions and public in much publicized and televised news, starting with next Wednesday's General Strike, to be followed by others with escalating force. The other is the shifting of focus to other EU states with possible domino effect (Portugal-Spain as a start).