The EU budget was "the best of what could be done," says Barroso - Rompuy

After marathon negotiations 25 hours that seemed "endless", leaders of the 27 member countries of the European Union agreed to finalize the EU budget for the seven years 2014-2020 to 908.4 billion euros.

The EU budget was "the best of what could be done to promote development" he said at a press conference immediately after the summit, the European Commission president Jose Manuel Barroso and European Council President Herman Van Rompuy and expressed their conviction that the European Parliament will vote for the budget.

However, questions whether the agreement reached among the 27 will be adopted by the European parliament arise after the statement issued by the four major parties in the European parliament-the European People's Party, the Social Democrats, Liberals and Greens-whose approval budget is essential as it will highlight why the vote against him as "unacceptable."

As state "is a budget austerity and promises not no growth."

George Soros: The euro will break up the EU after permanent recession will revolutionize

"I worry very much that the euro may destroy the EU There is a real danger that the solution to the economic problem creating a deep political problem." They said megaloependytis famous George Soros on Dutch TV show.

Asked what is the right solution for the eurozone, the Soros said that "Germany must realize that the policy which required the Eurozone-austerity programs-is counterproductive. It can really be achieved. "

Although Germany's moods are good, however, the programs push the South into a prolonged and deep recession that may last more than one decade. "In fact, it can become permanent until the pain becomes so large, that will cause a revolution, a rejection of the EU, and this will be the destruction of the EU", warns Soros.

It emphasizes that this is an extremely high price to maintain the euro.

When asked whether the euro will survive, he replied: "It can take a very long time, as happened with the Soviet Union, which was a very bad arrangement, but lasted 70 years. But I think ultimately, is to dissolve the Union. The longer and can take generations, generations will lose out in terms of political freedom and economic prosperity. "

EUR-USD TIME TO PLACE SELL ORDER ?

After a great run euro is too heavy for the european economy and can cause economy slow down .Many european countries look the current price of euro 1.3650 and start to afraid for a dangerous exports slow down can cause in economy bigger problems.
So the sell order at 1.3650 its really a good opportunity for forex traders at the current time.

Risk warning !!!

This is not a solicitation to invest and you should carefully consider your financial situation as to the suitability to your situation prior to making any investment or entering into any transaction.
The above charts created for market study reasons and not suggesting any investing decision.

Fitch: Stripped short-term risk to the U.S. AAA

The temporary suspension of the U.S. debt limit removes the short-term risk for the AAA in the U.S., says Fitch.

The euro crisis is not over yet

The euro crisis is not over, despite the common currency has now stabilized. This was the conclusion of the in camera meeting between the powerful bankers of the world, government officials, central bankers and trade union leaders, held on the sidelines of the World Economic Forum in Davos.

Main market yields from 1.1.2013

Aplus Charts NZD-USD move back to 0.80000 ???

Risk warning !!!

This is not a solicitation to invest and you should carefully consider your financial situation as to the suitability to your situation prior to making any investment or entering into any transaction.
The above charts created for market study reasons and not suggesting any investing decision.

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