One trillion dollars and all they’ve bought themselves is time?
The Chancellor says Europe must now do the hard work of securing the euros future. Unemployment could fall below 3 mln in Germany this year, she says while backing away from prior commitments on tax relief. The focus must be on consolidating public finances, she says.
EUR/USD is consolidating in the 1.2580s after running into Chinese selling above the 1.2600 level.
