SubscribeDaily Forex Commentary for March 17, 2009
March 16th, 2009 • Related • Filed Under
March 17, 2009
G-20 Promise to Help Emerging Markets Could Benefit Euro
One positive to come out of last weekend’s G-20 summit was a promise to provide funding for emerging markets. This announcement could not have come sooner as financial conditions in emerging market nations – especially in Central and Eastern Europe- are expected to worsen.
For weeks there has been talk of Central and Eastern European bank collapses because of exposure to toxic loans. Bank rating services have even threatened to lower the credit ratings of many of these …
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