Greece’s debt troubles continue to take centre stage, there is still no sign of any agreement being reached. I do feel eventually there will be a repayment deal put in place, as there is simply too much to lose on both sides. If Greece were to default their ability to borrow money in the future would be extremely difficult, the interest would be extortionate and the last thing the Eurozone need is for the Greek’s to set a precedent and exit the Eurozone which others may consider following. If Greece or Spain were to leave it would be catastrophic for confidence in the Euro.
Current trading levels are exceptional for Euro buyers, when rates are close to some of the highest buying levels of the last 8 years hanging on for an extra buck could prove costly.
Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me at [email protected] or call on 01494 787 478 and ask for Daniel Johnson.