From Morgan Stanley on why anyone betting on a quick rebound in the EURXXX will be sorely disappointed.
Euro And The Greek Confidence Vote
The EUR is set to remain under pressure as the uncertainty regarding Greece intensifies once again. Any comfort for the EUR from reports Merkel and Sarkozy are to meet with the Greek government and IMF officials Wednesday, ahead of the G20, is likely to be short-lived in our view.
Indeed, Friday’s confidence vote in the Greek parliament will be
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