Yesterday, the EU Commissioner met with the Spanish Prime Minister to discuss Spain ’s economic and monetary policy. After the Spanish government approved a new anti-crisis plan aimed at budget spending cuts the EU assured Spain that it will provide Madrid with financial support if there is an urgent need.
In the meantime, the social tensions in Spain are escalating. On Saturday, protesters clashed with the police. The transportation workers in Madrid and Barcelona have been on strike since the beginning of the week.
However, mass protests are no the only factor pressing the Spanish authorities. Moody’s Investors Services may downgrade Spain ’s credit rating in the near future.
The chart below, courtesy of , reflects the current state of affairs in the market of EURUSD.
Анализ: Alex von Stachelkopf, аналитик отдела "Форекс, курс евро", трейдер кафедры СРП Академии трейдинга Masterforex-V
