Quotes from Western Union:- The Greek saga is dominating the headlines in Europe and will continue to do so until the EU decides to extend their bailout for the beleaguered nation or allow them to fail. - The EUR has sur…
- The Greek saga is dominating the headlines in Europe and will continue to do so until the EU decides to extend their bailout for the beleaguered nation or allow them to fail.
- The EUR has surprisingly gained on the day today but is still hovering near 10 year lows as the market awaits a resolution to the current issue. It's difficult to gauge how a Greek exit would effect the EUR. On one hand it could be a positive in that the EU could return to focusing on their remaining member states and get on with life. On the other hand it could just reinforce the fragile state of the union and put less confidence in the common currency.
- Time will tell, but regardless of this companies need to have a strategy to protect themselves in times of uncertainty. Hedging your EUR payables or receivables to gain certainty on upcoming cash flows will help bring peace of mind in uncertain times.
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