Greek newspapers report that 3.8 billion euros are “missing” from the new Greek austerity plan. This was reported by Greek newspapers, quoted by a Greek LSE student, Matina Stevis, and is now weighing heavily on the euro.
It’s probably an error on the revenue side. Is this plan too optimistic once again. The newly appointed Greek finance minister, Evangelos Venizelos, didn’t go to meet his peers at the EU summit, and has stayed in Greece to discuss financial matters with the EU / IMF delegation.
For more on EUR/USD, see the euro dollar forecast.