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Eurozone July Deficit 3.8 Billion

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http://uk.finance.yahoo.com/news/eurozone-posts-july-trade-deficit-of-3-8-bln-euros-afp-8c69b0d40188.html?x=0

Eurozone posts July trade deficit of 3.8 bln euros
10:28, Friday 17 September 2010
The eurozone's balance of payments remained in deficit in July, but at the same level as in June at 3.8 billion euros (5.0 billion dollars), the European Central Bank said Friday.
The balance of payments, which includes payments for imports and exports of trade in goods and services, is a closely tracked indicator of a country's or area's ability to pay its way in the world.
It is crucial for the long-term confidence of investors and trading partners.
In June, the eurozone measure posted a deficit of 3.8 billion euros, revised data from the ECB showed, demonstrating a lack of competitiveness by the 16-nation bloc as a whole.

The ECB will need to devalue the Euro and follow the Japanese example. The pressure must be coming from the US who will need a much higher Euro to keep competitive in these hard times.

Euro approaching 1.32 vs. the $ but down vs. Sterlng which is the most favoured currency at present due to our outlook--apparently. :blink:

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http://uk.finance.yahoo.com/news/eurozone-posts-july-trade-deficit-of-3-8-bln-euros-afp-8c69b0d40188.html?x=0

(...)

The ECB will need to devalue the Euro and follow the Japanese example. The pressure must be coming from the US who will need a much higher Euro to keep competitive in these hard times.

Euro approaching 1.32 vs. the $ but down vs. Sterlng which is the most favoured currency at present due to our outlook--apparently. :blink:

Putting it in some perspective: "On a 12-month cumulative basis, the eurozone's seasonally adjusted current account showed a provisional deficit of 49.8 billion euros, or around 0.6 percent of the eurozone's gross domestic product (GDP)."

.

Edited by Tired of Waiting

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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