Thu, 12 Apr 2012 10:01:00 +0400
Spanish government is putting every effort to reduce expenditure budget, and it has been rather successful in doing so. To a great extent this is proved by preliminary results of European Commission about Spanish draft budget. The Commission has concluded that Madrid does not need help of Eurozone Stability Fund.
That is why when Italian Prime Minister Mario Monti claimed Madrid to be the source of new wave of European debt crisis, the head of Spanish government Mariano Rajoy strongly suggested choosing expressions when referring to his country. At the same time, he claimed about his hopes about European Union and ECB support in implementing reforms in Spain .
EURUSD currency pair continues wave "С" h1 up at FOREX market after its correctional wave level has risen. 1.3167-1.3181 range, according to the System of Early Prediction Sub-department of Masterforex-V Trading Academy, may be regarded the target of the uptrend.
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According to the recent report released by the Federal Reserve, the U.S. industrial production slowed down as of March 2016. The drop amounted to 0.6% over the reporting period relative to the previous one, which is February 2016. At the same time those who were interviewed by Bloomberg had expected the industrial production to drop by no more than 0.1%.