Here are two pieces from the FT-online; the first saying that a Greek default would be the end of the EUR and the second piece is on the blow-out in the Sovereign credit spread. No wonder that the EUR/USD gapped lower this morning and best be careful as we approach the European open as there could be more to come.
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EUR/USD: the word panic has been used heavily this morning
EUR/USD: the word panic has been used heavily this morning
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