Forex Trading on the Currency Market

249467 Resource 128460 120646 120646 1265205668042 1265205668042 Controlled Greece Gets Ready to Make Serious Reforms

Euro lower in forex trading against the U.S. dollar

Greece has announced a reform package that includes higher taxes in order to try and get the country back on the right track fiscally. Euro zone leaders have applauded the efforts, and are now trying to figure out how to best <a href="item/249235" target="_blank" title="euro forex trading, forex trading, forex traders, Boris Schlossberg, FX360, U.S. dollar">support Greece</a> in its efforts.  GFT's Boris Schlossberg reports in FX360 on <a href="http://www.fx360.com/commentary/boris/2751/how-much-pain-will-greece-be-willing-to-bear.aspx?aid=5704" target="_blank" title="euro forex trading, forex trading, forex traders, Boris Schlossberg, FX360, U.S. dollar">the situation with regard to Greece</a>: <blockquote> As of now it appears that Greek authorities are making a serious effort at reform, but the social costs of such moves could prove exceedingly painful if growth in the region does not accelerate. The combination of higher taxes and lower wages is unlikely to be tolerated by the populace for long and could result in massive political backlash, if it triggers a severe recession in the country. EU authorities must walk a fine line between enforcing the proper fiscal discipline on Greece in order to ensure the credibility of the stability pact while at the same time avoiding the draconian measures that would radicalize the Greek populace and turn them against EU membership. </blockquote> It's a fine line indeed (as Obama is finding out as <a href="http://www.banks.com/blogs/investing/2010/02/02/obama-administration-looks-to-raise-taxes-on-those-earning-more-than-200000-a-year/" target="_blank" title="euro forex trading, forex trading, forex traders, Boris Schlossberg, FX360, U.S. dollar">he prepares to raise taxes</a>), and the euro is still showing weakness today in forex trading. On the currency market, the euro continues to fall against the U.S. dollar, as equity markets struggle in Europe and forex traders wait to see how things go with Greece. 9 application/xml false Boris Schlossberg currency market euro forex trading forex traders forex trading FX360 U.S. dollar Forex Trading on the Currency Market News nad information for forex traders http://www.gftforex.com/land/?aid=7356 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.1.7) Gecko/20091221 Firefox/3.5.7 GTB6 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 128460 blog blogsite/GFTForex/web