Beatrice Weder di Mauro, one of Merkels’ 5 economic advisers, doesn’t rule out a breakup of the single currency next year. She was being interviewed by Bild Zeitung.
Better than Reuters’ median forecast of 5.5. EUR/USD unchanged since I sat down, presenty at 1.3010. Talk of sell orders clustered 1.3017/22 in EUR/USD. Elsewhere, German November PPI +0.1% m/m, +5.2% y.y, in line with median forecasts.
EUR/USD sits at 1.3023 in comatose trade. Put a folk in it, we’re done.
According to FDP sources. Reuters reporting.
Oh bugger off!! Bloody fools. When oh when are they going to realise that this piece-meal approach just doesn’t cut the mustard!!!
Industrial production, construction weaker than Q3 Economy still distinctly robust Positive German employment, incomes support consumption German growth slowing on worsening international environment
The official has been speaking on condition of anonymity. Asked on readiness to compromise on financial transaction tax, says Berlin not looking to make “bad deals” Euro bonds would intensify crisis, not resolve it
Average yield 1.11% Bid to cover ratio 2.1 Received 8.67 bln bids German Finance Agency: Investors show trust in German govt paper Auction reflects volatile market situation Auction result “very good”