cashbackforex
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Once again, and in advance of another summit meeting, we see the Euro rally. The G20 officials and the IMF are meeting in Washington, where the European debt crises is certain to be a major topic. Will there be some new proposals to support the Europeans and their debt problems? It remains to be seen.
We do know that IMF Managing Director Lagarde is actively soliciting new contributions, with some success, which will enlarge the IMF's bail out capabilities. Japan, Switzerland, and Denmark have all agreed to pledge more money. While the additional funding buys time, it postpones the day when the structural sovereign deficits must be addressed. Unfortunately it usually takes a crises to find a solution.
Following the previous summit meetings, the market usually digested the news and then sold off. The market got a positive boost last Friday from a positive business climate index reported by the Munich based Ifo Institute. As a recipient of scared money moving into the Germany economy from Spain, Portugal, and Italy, feeling good about your economy is easy.
We do know that IMF Managing Director Lagarde is actively soliciting new contributions, with some success, which will enlarge the IMF's bail out capabilities. Japan, Switzerland, and Denmark have all agreed to pledge more money. While the additional funding buys time, it postpones the day when the structural sovereign deficits must be addressed. Unfortunately it usually takes a crises to find a solution.
Following the previous summit meetings, the market usually digested the news and then sold off. The market got a positive boost last Friday from a positive business climate index reported by the Munich based Ifo Institute. As a recipient of scared money moving into the Germany economy from Spain, Portugal, and Italy, feeling good about your economy is easy.
