Euro lower on Moody’s concerns…

Thursday, 16 February 2012 03:18

The rating agency Moody’s is considering rating downgrade of 114 European banks over ongoing debt crisis.

Moody’s announced that European banks credit rating will be presented right after still lasting observation process.

Euro was pushed down to three-week low today also by concerns over Greek bailout.

Some of EU countries are willing to delay realization of second bailout program to April, right after probable elections.

The German government is considering lending Greece temporarily 14.5 billion euro to avoid country’s default in March.

During early afternoon trade in Europe the couple EUR/USD was traded at 1.2983.