Forex - EUR / USD: Review of the week of February 4 to 11
Posted: Tue, 9 Oct 2012 12:04:12 0000
Eurogroup decided to give an extra year in Portugal to meet its budget deficit.
Indeed, Portugal has recently unveiled budget deficit already far above the door. Instead of a deficit of 4.5% of GDP in 2012 asked by the Troika, Lisbon already suffering from budget hole of more than 6% of GDP.
The primary deficit remains localized, but debt service, as well as many other countries, lead accounts. In France, for example, debt service (interest and principal payments) is a higher education budget ...
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