For Germany the failure of Greece is no longer a taboo

Inviato il 24 September 2011 da Forex Staff

The failure of Greece is no longer a taboo, according to the German Minister of Economy, Rösler. Rumours about a possible failure of Greece are increasing and these statements create and reinforce the context of market turmoil and unrest within the ECB. The European Commission said that in the coming days they will send experts to Greece to conclude, by the end of September, the agreement on the payment of a further tranche of funding. Experts from the European Commission will return to Athens in the coming days to provide technical support to the Greek authorities in their work. This return ...



Obama: 477 billion dollars to revive the economy

Inviato il 21 September 2011 da Forex Staff

In his speech to the House, Obama brought up the former U.S. president Abraham Lincoln, recalling how he was an important president in the history of the country. Obama spoke of the importance of the need of a support to build roads, improve schools and to cut middle class taxes. All as part of a plan of 447 billion dollars made to revive the American economy. In the House there were some signs of thaw towards the President and some political issues. There are a number of objectives that the President has emphasized and that could push Republicans to work with ...



The euro remains vulnerable. What about the dollar?

Inviato il 19 September 2011 da Forex Staff

  The euro lost ground before the meeting of the European Central Bank, which will take place today and the debate will be about setting the rates. The euro is vulnerable as a result of concerns of the efforts made so far to contain the crisis of sovereign debt are not moving fast enough. The volatility continues and the market will probably continue to move according to political risks involving the U.S. and European economies. The German Constitutional Court yesterday rejected the legal actions made to block the participation of Berlin in the rescue packages for Greece and for other highly indebted countries in the ...



The world is putting Italy under pressure for the budget balance

Inviato il 17 September 2011 da Forex Staff

The austerity measures the government has studied for Italy gave birth to a lot of pressure on the government of Silvio Berlusconi, as the government itself tries to convince the nervous markets that a credible deficit cutting plan can be produced and imposed. The government, meanwhile, said that the passage of measures  will be binded to a vote of confidence. Just on these measures, the unions argue that the measure will fail to create jobs and will put too much burden on workers. There are counter measures that are unjust and that put all the burden on public sector ...



U.S.A. and the labor market. What can Obama do?

Inviato il 17 September 2011 da Forex Staff

Obama, talking about the labor situation in the U.S., said that up to one million jobs are at stake because of an unforgivable political game, which is threatening jobs and the country's infrastructure. In addition to programs to create jobs, economists expect that the President will ask for an extension on the current tax cuts on wages and on the benefits of those who are unemployed, plus a long term aid for the 6 million unemployed in the country, as well as incentives for businesses to hire more workers. The key question is what can ...



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