The Euro Commission offered to increase the EU budget in 2013 by 6.8% up to 138B euro. The extra funds are needed to ensure the development of less well-off EU economies. As for the EU’s main donors, they obviously didn’t like the idea.
Martin Callahan, a EU deputy from the UK, is sure that the European budget is subject to austerity as well. Anyway, the offer is far from turning into a bill as it needs to be approved by the Euro parliament and all the 27 EU countries.
Forex.
According to , EURUSD keeps rallying in the form of wave C h1. The closest possible targets are 1.3246 and 1.3335. At the same time, there is a change for another scenario – wave bi inside the ABC pattern of M30. The supposition will be confirmed if the price breaks above 1.3252 and 1.3270.
