Yesterday, in absolute majority, German parliament confirmed the amendment to the National Law on European Financial Stability Facility concerning the part about increasing its volume from 440 bln. Euro to 780 bln. The share of Germany increased almost twice – from 123 to 211 bln. Euro.
There was a heated discussion during the meeting, as opposition did not miss a chance to criticize the government. However, the vote results have shown that the discussion had rather theatrical character, as 523 deputies have voted “for”, 85 “against”, and 3 withheld. Consequently, the management of the country, headed by Angela Merkel,has received a vote of confidence, having survived the tough internal fight concerning European matters.
At the same time, the future of Eurozone is not cloudless yet, for even the increased in volume stabilization fund will not be enough to help all “weak links”.
Forex news
EURUSD currency pair maintains upward correction towards h1 wave at FOREX market. Currently, sub-wave “c”, whose targets possibly are points 1.3511 and 1.3427, is found within correction. This will be followed by, according to the specialists of the System of Early Prediction (SRP) Sub-Department under the Department of Masterforex-V Trading System , upward motion, which will be kept at least to the target of wave “C” of h4 level point 1.3800.
SRP Sub-Department under the Department of Masterforex-V Trading System will signal about the change of the situation or of predicted motion direction.
