EU Summit Update: Frugals ready to accept EUR390B grants, EUR360B in loans – Reuters
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The European Union (EU) leaders are back in plenary session after a long break on Day 4 of the Summit, with Reuters reporting that the Frugal Four are ready to accept EUR390 billion in grants and EUR360 billion in loans.
Meanwhile, France is reportedly holding out for EUR400bn in grants.
Barend Leyts, Spokesman for the European Council President said that the meeting has ended and will reconvene at 1400 Brussels time, which is 1200GMT.
EUR/USD off the lows
On the above reports, the shared currency got a fresh boost, lifting EUR/USD from session lows of 1.1413 to 1.1426.
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