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January 13th, 2015 09:25:33 GMT.

Germany confirms balanced budget for 2014

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Confirmation of yesterday’s Handelsblatt article and they’ve actually done a bit better. Government spending was €1bn below forecast and tax revenues was €2.6bn higher than planned. All other revenue was €2.9bn higher Net new borrowing was zero vs planned €6.5bn … Continue reading

2015-01-13T09:25:33+0000
2015-01-08T12:25:09+0000

January 5th, 2015 10:41:21 GMT.

Euro unmoved as inflation craters

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Considering the moves overnight it might be a bit surprising that EUR/USD hasn’t moved again on the latest inflation numbers. The year on year numbers so far from Germany have dropped dramatically. Saxony 0.5% vs 0.7% prior Brandenburg 0.3% vs 0.7% … Continue reading

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