The euro plan despite trembling aid to Greece.

Keywords: Euro, Currencies, EUROPE, PIMCO.

The euro continued its decline and listing nearly $ 1.31. Activation Plan aid to Greece does not fear a spillover effect to other European countries. Spain is threatened.

The rescue of Greece Nothing done. Investors remain worried in Europe : CAC 40 lost another on Tuesday, about 14 hours, 1.57%, to 3,768 points, when the Footsie Londoner leaves 1% to 5497 points and the Dax in Frankfurt, 0.71%, to 6123 points.
And, while the euro has changed in recent weeks to the rhythm of bouncing on the financial support needed for Greece not to go bankrupt, we could expect that the single currency react positively to Understanding the countries of the eurozone, the IMF and Athens.
But the downward trend triggered by the euro has not faltered. The European currency slides further against the dollar, which plays its full role as a safe haven. Thus, close to $ 1.31, the euro yield 0.5% and dropped more than 8% since January, and 18% since the peak in July 2007.
The "trend" is all that strong the risk of contagion of Greek case are becoming increasingly feel. Already rumor turns in the trading rooms that Spain could ask 280 billion euros at the IMF. Investors fear that the country score is degraded by Fitch and Moody's after the cut last week, Standard and Poor's.
According to technical analysis, the next support of the cross "euro / dollar around 1.25 dollar per euro, Says Pierre-Antoine Dussoulier, CEO of Saxo Bank.
The speculators are betting on the bottom and descent into hell of the European crisis. Greece is not off the hook: the grouvernement will have great difficulty keeping its commitment to a people who will rise, according to Mohamed El-Erian, managing director of Pimco, quoted by the Financial Times on Tuesday.