Euro Rises on Greece Support; European Monetary Fund on Horizon?

March 8, 2010 /EIN PRESSWIRE/ Increased confidence in Greece’s financial situation helped the euro to early gains Monday.

French President Nicolas Sarkozy put market speculators on notice Sunday and also suggested that the eurozone countries would bail out Greece if its financial problems worsened.

The International Monetary Fund managing director said that the debt problems in Greece were not likely to spread to other eurozone countries, such as Spain, Ireland and Portugal, that have excessive public debt.

Is there a new monetary fund on the horizon? The Financial Times reported that Germany and France are looking to propose the establishment of a European Monetary Fund and stronger eurozone economic monitoring and cooperation.

Read more at Forex Trading News Today

Greece Forex news –
France Forex news –

Located at, Forex Trading News Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest forex news from around the world, saving them valuable time they’d spend searching for information. New users to Forex Trading News Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at and the latest world news in more than 80 different industries at