Euro Ticks Up, Athens Stocks Surge: Did Obama Save The Euro?

doctors obama

Things seem to be looking a bit up in euroland this morning. A bit.

The euro is ticking up, and the Athens Stock Exchange is up 4%, obviously on hopes that the worst fears of Krugman and El-Erian won’t be realised.

So, will the Greeks name their next temple after Obama?

Yesterday he leaned heavily on Merkel, and it sounds as though she may be softening her stance a little.

Of course, his pressure does nothing for the German parliament which still needs to approve a bailout, but still.

At this early hour on Thursday, things are looking a little brighter. If history is any guide, expect more shoes to drop throughout the day.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.