The German Parliament has approved to enhance the 440 billion euro European Financial Stability Facility (EFSF). 523 German MPs have bagged this vote which may come as a huge relief for many markets.
In an interview with CNBC-TV18, Richard Cochinos, Senior G10 FX Strategist, Europe, BofAML talks about his reading of the European markets and what the road ahead looks like for the Eurozone region. Below is a verbatim transcript. Watch the accompanying video for more. Q: The much expected vote has finally come in. What are your initial thoughts?
A: In general, the expectations were for this vote to go through in the market. There is always some small risk that you are surprised at the tail end and it doesn
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