A bit more pressure to the EURO to finish off the week?

  • European Commission requests more information on 2018 draft budget plans from Belgium, France, Italy, Portugal, and Spain
  • – EC says France’s 2018 structural budget adjustment is far below what is required by budget rules, is at risk of a significant deviation from requirements
  • – Italy 2018 budget is at risk of significant deviation from required effort; preliminary assessment indicates tat Italy is not planning to comply with EU debt reduction rules in FY18.
  • Italy may significantly miss structural budget adjustment target for 2017 also.
  • The EURO loses the lost ground , crosses under pressure:
  • EURJPY 131.95
  • EURGBP 0.8845



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