Online Forex broker
Evidently, turning the euro zone into a so-called "transfer union", where richer member states are bound to finance poorer ones could potentially provoke the end of the single currency bloc. That’s what the head of Germany's Ifo economic institute told in an interview on Wednesday.
Euro parliament, EU finance minister, euro zone budget - all those things are unable of solving the problems of the euro zone. Moreover, they can even make things much worse, as Ifo chief Clemens Fuest revealed during a news conference just to outline his exclusive recommendations for the next coalition government after September’s election.
Some countries are backing an expansion of transfers in the euro zone, and it’s very dangerous, Fuest stressed. He added if Europeans look at what took place in Catalonia, they’ll get a taste of what really threatens the euro zone if they dare to convert the currency union into a sort of transfer union. In this case small and prosperous countries will immediately break up with the EU.
In December, new orders for major American capital goods suddenly slumped in the face of decreasing demand for machinery as well as primary metals, indicating a sustained deceleration in business spending on equipment, which could further impact economic…
American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
