Meeting Barroso and Van Romuy in Brussels on Tuesday Meeting Sarkozy and Merkel in Strasbourg on Thursday
Ok, we’re all agreed, right? Confident? Confident. Get on with it already! EUR/USD is finding support at the old level of resistance at 1.3555 and consolidating below 1.3590.
Weaker than median forecast of -6.0%. Booooooooooo.
Hooooooooooooooooooray!! EUR/USD back over 1.3500 in somewhat directionless trade (that’s British understatement for ya) UPDATE: Hands up those who think they might be picking up a few Spanish bonds as well….
New government fiscal program gets a shot in the arm from the Senate Lower House votes tomorrow Widely expected, no market reaction. EUR/USD at 1.3460.
And they both offered him their full support And there was much rejoicing…
Shouldn’t he be busy cutting the Italian budget, instead? He is speaking before his confidence vote later this evening in Rome.
Majority of feed back from investors positive (Really, dude? Really?) If confidence improves and volatility falls, will be ready to join in EFSF leveraging schemes IMF cannot participate in EFSF funding; can contribute know-how Leveraging options received positive reception in … Continue reading
Italy has window of opportunity to reduce yields New Italian government is credible
That’s the spirit Hopes the govt can reconcile citizens with national institutions Europe living hardest days sice WW2 Can’t imagine EU will survive if euro zone fails Three pillars of policy will be budget rigour, growth and fairness Absence of … Continue reading