Less Risk Aversion Than Yesterday

July 19, 2011

Markets are more hopeful about a resolution to Greece’s debt crisis. The German Dax and Paris Cac have risen 1.5% and 1.1%.  The British Ftse has firmed 0.4%. Austria’s central bank chief, Nowotny, said it’s possible that the ECB could accept Greek bonds even in the event of a selective default. Venizelos, Greece’s finance minister, […] More