Germany will provide financial aid to Spanish banks in the framework of its participation in the tranche allocated by EU. Such decision has been voted for by Bunderstag deputies during the special session, due to which holidays of the parliament had to be broken for one day. In this reference, opposition was interested in these measures’ impact on German taxpayers.
Germany is one of the leading “donors” of financial aid to less successful neighbours in eurozone. “Spain will manage to find the way out from crisis that has touched its bank sector without high risk at financial markets,” addressed German Minister of Finance Wolfgang Schauble to deputies of the parliament, “but we have exceptional circumstances, due to which we help Spain despite rising и в market worries; in such a way we can make our contribution to financial stability in eurozone.”
According to the specialists of the System of Early Prediction Sub-department of , at Forex market EURUSD continues working on h4 reversal uptrend. Such correctional movement may be (until impulse structure of Daily wave C is broken) the rise of correctional wave level. Timeframe h1 shows complex correction, one of the variants of its further development is represented at the chart.
Analysis by: Alex von Stachelkopf, analyst of EURUSD Forex Department, trader of SRP Sub-department of Masterforex-V Academy
