As it was informed by "Market Leader (US)"
Greece: balance of interests is out
Greece badly needs money. Time is running out. If there no more tranche of help, the available means will not be enough to service the national debt and to pay out wages and pensions, which basically is a default.
The difficulty is the fact that it is extremely difficult to reduce the budget deficit to the extent, which is required by the creditors “trio”, which consists of EU, IMF, and ECB. Sunday evening during the special government session it turned out that according to the results of 2011 the budget deficit amounted to 8.5% from GDP, instead of planned 7.6%. Forecast for 2012 also worsened.
Were these circumstances the reason of a gap in EURUSD pair at the opening of today’s trading?