German parliament approves an expansion of the EFSF

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
“I’m not convinced that this bailout package [bigger EFSF] is going to be remotely enough for the euro zone itself”- Wilbur Ross, chairman of WL Ross & Co.Impact: HighAn absolute majority of German parliament members, 523 in favor versus 85 opposing, voted for increase of the European Financial Stability Facility from €123 billion to €211 billion on Thursday, providing an important victory for Merkel. "The broad majority in parliament clearly shows Germany is committed to the euro and to protecting our currency," said Hermann Groehe, Merkel's deputy party leader .“I’m not convinced that this bailout package is going to be remotely enough for the euro zone itself,” Wilbur Ross, chairman of privately owned WL Ross & Co., said on Thursday in Bloomberg interview. “I think it should start with a �T,’ not a �B,’” he said, referring to trillions instead of billions.“Vote in Berlin was expected to pass, what is more important is whether there is any appetite left for German lawmakers to extend the fund even further,” said Kathleen Brooks, research director at Forex.com.
Back to articles

Actual Topics

Fri, 30 Sep 2011 12:30:39 GMT

Japan retail sales dive in August

“Consumer spending was recovering after the quake, but that rebound is pretty much over”- Yoshiki Shinke, a senior economist at Dai-Ichi Life Research InstituteImpact: MediumYear on year retail sales in Japan plummeted 2.6% in August, after 0.6% increase in July, said the Ministry of Economy, Trade and Indus-try on Thursday. Economists expected the reading to decline moderate 0.6%.“Consumer spending was

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.