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EU Makes Gains as Bailout Package Expected

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The meeting amongst EU finance ministers has begun in Brussels with high hopes for the second Greek bailout package to be approved. Several EU leaders, including the prime minister of Luxembourg and chairman of the eurozone finance ministers group, expressed their confidence that Greece would receive the necessary funds it needs to stay afloat.

The euro has seen a rise against the sterling and Japanese yen in light of the positive atmosphere ahead of the EU finance ministers' decision. The EUR/GBP stands at 0.8350, while the EUR/JPY is at and is at 105.44, an increase of 0.8%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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