Wednesday’s announcement that a deal had been reached by the European Union members does not end the debt crisis. At best, some immediate uncertainty has been addressed. But without more information on the details, including how the announced actions will be implemented and, most importantly, who will actually pay for them, the crisis is far from solved.
Nevertheless, the markets clearly approved the Greek debt deal and stock prices have risen sharply. At this point, investors are eager to latch on to even the slimmest glimmer of hope that legislators have finally set the eurozone in the right direction. Have they?
Read more: Christian Science Monitor
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.