The EU has cleared the way for France to grant low interest business loans to companies suffering financial difficulties as a result of the global credit crisis.
It appears that government, local authorities and public bodies can provide the reduced interest rate loans before 31/12/10 and the low rates will be available on interest payments until 31/12/12 at which time they revert back to market rates.
The EURUSD is obviously finding some support from this news as it in a positive way to encourage investment from business and economic recovery.