STOX.CZ (Grant Capital)
Markets  |  February 11, 2013 19:02:13

Euro is strong or not?

In recent days we have witnessed a newly established dispute by divergent visions of what should happen with the euro in the future. According to France, which with President François Hollande had said that the euro is strong and called for the introduction of medium-term objective of the course, Berlin responded to this statement in dissent that the strong euro is not a reason for concern. Intervened in the dispute and European Central Bank President Mario Draghi, who has said that the ECB will assess the impact of rising euro exchange rate on the economy. Let escalate to speculation that the euro will not weaken if, contrary to his force growth, the ECB intervenes and proceed to reduce the basic interest rates.According to the EU Commissioner for Economic and Monetary Affairs Commissioner Olli Rehneho needed reform of the international monetary system in order to avoid negative impacts on foreign trade. There should be better co-ordinate the groups G7, G20 and the International Monetary Fund.


Miroslav Vybíral

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