TITLE

Exchange Rates: Recent Developments

PUB. DATE
February 2012
SOURCE
Greece Country Monitor;Feb2012, p12
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article discusses the developments on exchange rates in Greece in 2011. It notes that the euro tended to come under pressure as a result of the increasing sovereign debt predicament in the country as well as the heightened contagion effects on Spain and Italy. It mentions that the euro has gained its recovery from the support of the European Central Bank (ECB) by raising the interest rate from 1.25% to 1.50% in July 2011.
ACCESSION #
71156737

 

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