Syriza tells to forget rescue led by European Union

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Source: Bloomberg
Alexis Tspiras, who is responsible for government formation in Greece, announced that any parties which are willing to form coalition with his party, Syriza, have to repudiate their uphold for economy saving measures developed by European union. Tsipras promised that additional, EUR 11b, austerity measures will not come in to force and strongly believes that Pasok and New Democracy party, which came third and first in the elections respectively, leaders will revoke their promises to European Union regarding these measures. 
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Wed, 09 May 2012 06:55:46 GMT

The Australia's budget surplus might be supportive for the Aussie

Australia's Prime Minister Julia Gillard is determined to bring the state budget back to surplus by spending cuts. The projected surplus is estimated to be $1.52 billion in the fiscal year commencing this July. Thus, the government plans to support Australian bonds and currency, as the European woes have not been supportive for the Aussie.

Tue, 08 May 2012 14:31:04 GMT

Canadian housing starts in April

Annual rate (seasonally adjusted) of housing starts in Canada in April 2012 was almost 250 000, which was 20% more than anticipated. Level of single urban start-ups remained stable around 67 000. The most significant increase was observed in urban and multiple urban segments which increased by 18% and 27.4% respectively. Geographically the largest growth was observed in Quebec and Ontario areas, 56.5% and 12.2% correspondingly.

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