1st August 2012
US treasury secretary Timothy Geithner has called on European leaders to act soon to solve the region's underlying economic problems.
Speaking to Bloomberg TV yesterday (July 1st), he said the eurozone had to introduce polices aimed at "bringing down interest rates in the countries that are reforming and making sure those banking systems can provide the credit those economies need".
Mr Geithner was speaking after he held meetings with German finance minister Wolfgang Schauble and with European Central Bank (ECB) president Mario Draghi and confirmed that the leaders are preapared to make saving the single currency a priority.
Last week, Mr Draghi stated similar sentiments and speculation began about the positive action that could come from tomorrow's policy meeting at the ECB.
Forex trading yesterday was subdued as investors await the policy announcements, but the euro did gain on the GBP as figures revealed that the number of British mortgage approvals fell during June.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.