{"id":652802,"date":"2010-02-03T06:38:00","date_gmt":"2010-02-03T11:38:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/euro-breaks-above-140-as-markets-expect-europe-will-back-greece-2010-2"},"modified":"2010-02-03T06:38:00","modified_gmt":"2010-02-03T11:38:00","slug":"euro-breaks-above-1-40-as-markets-expect-resounding-european-approval-for-greeces-budget","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/652802","title":{"rendered":"Euro Breaks Above $1.40 As Markets Expect Resounding European Approval For Greece&#8217;s Budget"},"content":{"rendered":"<p>Hopes that the European Commission will soon give its approval of Greek budget plans today may be helping the euro rally back above the $1.40 mark in early A.M. U.S. trading.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/online.wsj.com\/article\/SB10001424052748704259304575042713289995260.html?mod=googlenews_wsj\">WSJ:<\/a> Hopes that Athens will now reduce its deficit and avoid default on its foreign debt have helped to stabilize the spread on the country&#8217;s five-year sovereign credit-default swaps, a type of default insurance, and slightly narrowed the yield spread between its 10-year bonds and those of Germany.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/static.businessinsider.com\/image\/4b695e8600000000005b3ff8-600-\/chart.png?w=600\" border=\"0\" alt=\"Chart\"  \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/euro-breaks-above-140-as-markets-expect-europe-will-back-greece-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/40-billion-in-hidden-greek-debt-discovered-cds-spread-spikes-like-crazy-2010-2\">\u20ac40 Billion In Hidden Greek Debt Discovered, CDS On Fire<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/forget-greece-the-entire-eurozone-is-bloated-with-debt-2010-2\">Forget Greece, The Entire Eurozone Is Bloated With Debt And Borrowing Nearly $200 Billion Per Month<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/greek-pm-blames-speculators-for-debt-problems-2010-2\">Greece Now In Complete Denial: Claims There&#8217;s No Debt Problem, Blames Speculators For Strangling The Economy<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/C1ZTKtFOowM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hopes that the European Commission will soon give its approval of Greek budget plans today may be helping the euro rally back above the $1.40 mark in early A.M. U.S. trading. WSJ: Hopes that Athens will now reduce its deficit and avoid default on its foreign debt have helped to stabilize the spread on the [&hellip;]<\/p>\n","protected":false},"author":288,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-652802","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2JP4","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/652802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/288"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=652802"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/652802\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=652802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=652802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=652802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}