German exports and imports grew to record levels in March

Note: This section contains information in English only.
Source: Statistisches Bundesamt
German exports and imports reach new hights after previous record level a year ago, March 2011. In March 2012, Europe's biggest economy exported and imported goods worth EUR 98.9b and EUR 81.5b respectively, accumulating foreign exchange surplus to EUR 17.4b. Balance of payments was in surplus of EUR 19.8b. This includes surpluses in balance of services and net factor income, EUR 5.7b and EUR 1.3b respectively, and shortcoming in current transfers and supplementary items, EUR 3.5b and EUR 1.2 respectively.
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Wed, 09 May 2012 08:33:07 GMT

The IMF supports the SNB floor value

The IMF favours the SNB floor of CHF 1.20 against the common currency, as negative news coming from the Eurozone and particularly strong Swiss Franc have increased deflationary risks. If the Eurozone debt crisis worsens, the IMF anticipates the Franc to be under enduring pressure. Therefore, further monetary expansion might be necessary to maintain the floor value. 

Wed, 09 May 2012 07:51:09 GMT

Woes in Greece increase uncertainty of the coutry's future in the Eurozone

The recent Greek parliamentary elections are seen as a possible driver for Greece to exit the Eurozone with unpredictable impact for the European economy. The Euro depreciated and stocks fell due to negative news coming from the Euro area. If Greece appears to be unable to form a government, the country will face another round of election this June. 

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