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Financial Website Directory Ireland

Forex News: European Finance Ministers Meeting Preview - Rabobank

Author: FXStreet
Category: Trading: Forex
Date Added: June 21, 2012 01:17:33 PM
Page Views: 1494

Adian Foster, analyst at Rabobank, focus in France with regards to the finance ministers meeting to be held today. "The French position on the degree of support that core countries give to troubled countries in the periphery does seem to have evolved with the change of presidency with Hollande discussing using the European Stability Mechanism (ESM) to buy government bonds. But it hasn’t changed dramatically with Hollande adding that his proposal is for the ESM to buy the bonds of “virtuous countries like Italy”, i.e., those which are improving their public finances." He explained. "It’s all a case of degree really as we sense the market does have an appetite for bonds of these countries. The issue is that fiscal consolidation is occurring slowly and domestic political machinations all too often subverts fiscal tightening and this frightens the market." He adds.


Article Source: FXStreet