- 2010 GDP is expected around EUR 236 bln, according to the 2011 preliminary budget. Forecasts were for GDP to fall to EUR 231 bln
- The 2011 deficit will come in below the 7.6% target dictated by the EU/IMF, near 7%
- The 2010 deficit is seen at around 7.8% of GDP, all according to Reuters
EUR/USD is quietly range trading in the low 1.3740s after spending most of the NY afternoon between 1.3740 and 60.
