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Greece’s 2015 Economic Forecast to be more pessimistic – EC’s Dombrovskis

FXStreet (Mumbai) - Speaking for Germany's business paper Handelsblatt, the European Commission (EC) vice president Valdis Dombrovskis said that the coming spring economic forecast for Greece's growth will be downwardly revised compared to the EC's winter forecast published last year.

Key Quotes:

"In winter we expected growth in Greece this year of 2.5%. Our spring forecast for Greece will turn out to be more pessimistic,"

"Of course we know that the liquidity situation in Greece is becoming more and more difficult."

GBP/USD consolidates circa 1.5180

GBP/USD continues to trade around a flat line in the early European morning, extending its side trend from Asia, as the pound extends its consolidative mode versus the greenback after the recent strength.
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EUR/USD advances beyond 1.0880

The upbeat tone remains well and sound around the single currency on Monday, with EUR/USD navigating the upper-1.0800s so far...
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