Euros time to shine

Monday, 6 June 2011 11:47

The 17 nation European currency is thriving on disappointing U.S news and Euro news about Greek debts and Interest Rates. Starting Monday, the currency opened to hit a new one-month high of 1.4658 after trading around 1.4650 on friday before the end of the week. Aiming for the 1.50- line, the Euro is shining as positive announcements push it upwards.

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Finnish elections might cause Euro to ‘panic’

Monday, 18 April 2011 11:38

Finnish elections were completed over the weekend. Three types of parties were in action, as follows: The True Finns (anti-euro) placed third collecting 19% of the votes. The ones critical of the Portuguese aid package but yet supportive of the euro (Social Democrats) assembled 19.1% and the National Coalition Party with 20.4%. As previously mentioned Finland is a one of a kind on Europe as the only country with the Parliament that votes on EU inquiries for bailout funds. Finland could vote and veto against the aid package for Portugal, which could delay provisioning in funds and ‘panic’ the EUR.

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