Euro Firms after Greece Announces More Budget Cuts |
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The Euro is firming overnight after Greece announced more budget cuts in an effort to sway the European Union into approving its bailout package. The new plan includes higher taxes and pay cuts for government officials. Greece has been making an effort to shore up its fiscal deficit in order to convince the EU and investors that it is committed to taming its budget crisis. At the same time, there is talk that Greece is prepared to go to the International Monetary Fund if the EU fails to
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