Angela Merkel receives double budget in June

Note: This section contains information in English only.
Source: Bloomberg
German Chancellor's budget doubled in June following an increase in the federal tax revenue and a decrease in the expenses of servicing debt. The federal tax revenue climbed 10.9% in June, whereas spending fell 0.4%. The state tax revenue by-turn jumped 19.6%. Merkel set the objective to operate a near-balanced budget in the present year and give up new borrowing in the next year's budget.
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Mon, 21 Jul 2014 12:31:09 GMT

Aussie rises during Asian session

As of earlier this day, the Aussie advanced versus the Dollar by 0.05%. Throughout the Asian session, uncertainties regarding the recovery in the Euro zone caused the shared currency to drop to a five-month low versus the US Dollar and the Japanese Yen. Safe haven currencies' demand has increased, due to the recent instability in Eastern Europe.

Mon, 21 Jul 2014 12:09:09 GMT

Spain has year of recovery from exports

Mariano Rajoy's duties on Spain's economy may not yet be complete as Spain expects to enter a second year of recovery. The nation's economy still depends on adjusted exports from the debt crisis as Spain's domestic demand is limited. Spain's GDP grew 0.4% for two consecutive quarters for the first time since 2007, faster than the Euro-region average.

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