Nowotny’s back…Euro exchange rate isn’t a matter of major concern

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Can’t keep the Austrian away  ..  ;) ( tell that to Juncker)

  • There are reasons for ‘cautious optimism’ on euro debt crisis handling
  • German GDP data was within context of expectations, not a cause for concern


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EU economy

Pete Jackson


  1. Junker – Nowotny = 1-1

  2. Where do traders get this info as it happens? It’s quite obvious we are rallying on Nowotny’s comment.

  3. Blackpuddin, from newswire services such as market news, reuters, bloomberg, dow jones etc

  4. We now have an Austrian sausage maker talking it up and a steelmaker from Luxembourg talking it down :) Brilliant! Who`s next?

  5. The Reagan and Bush administrations with European support talked the Eastern Europen Slavic nations to join the European Union to contain Russia’s growth. For nations like Grmany and France this action reduced the euro’s value and made their exports less expensive. This caused the normal flow of farm products to Russia to western Europe and this caused the flow farm products from southern Europe to stagnate. Now there is an impossible situation where the the southern countries to maintain a healthy economy. Russia is making the purchase of Oil products difficult for the Slovac nations due to the loss of their bread basket and Russian support of stability in the Arabian Peninsula. Turkey and Egypt could set up an Arabian Peninsula Common Market that would stabilize the political situation and make the reagions economic situation better and stable.
    Now the situation is not solvable due to Germany and France wanting to maintain a superior economic situation for themselves without reguard to the other countries.


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