Michael Fuchs, deputy leader of CDU speaking to Bloomberg 20 Sept
- Italy can live with current euro level
- situation in Greece not stable yet
- more positive on Europe than a couple of years ago
- a little worried about France, hopes for reforms
EURUSD currently 1.2012 underpinned still with large option interest at 1.2000 but failing into 1.2025 again.
Fuchs - EURUSD level is reasonable