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Market Is In Anticipation Of New Developments

ByFirst Binary Option Service
Published 10/04/2012, 10:19 AM
Updated 03/09/2019, 08:30 AM

Forex market was rather quiet in the middle of the week. Investors are waiting for the US Fed minutes that are scheduled for the release later this week. It is expected that the minutes will outline further plans of the financial regulators.

Some experts believe that Spain can mark time before applying for extra financial aid. This will mean that problems in the country will not be solved very quickly and investors will have to amend their plans. Experts believe that Spain tries to obtain the most beneficial position in the new program, so the country will try to enhance its reputation. In addition, Mariano Rajoy plans to wait until November, when the results of regional elections will become known.

Another country that has failed to resolve its problems is Greece. The country is moving slowly towards default and investors are very concerned. In the last two years European Union invested 240 billion euro into this country. This amount is extremely high for the economy of this small country.

In addition, the country has been in recession for 5 years. Taking into account the situation in the country we cannot say that situation in Greece will improve. Although draft budget for 2013 incorporates tough measures to cut budget, it also plans reduction of the economy by 3-4%.

Greece has another problem – the country cannot find common language with creditors. Such policy of Greek government can cause disruption of regular payments for the loan. If Greece fails to make duly payment there is a high chance that it will lose membership in EU.

Many skeptical analysts believe that Greece will leave EU before the end of this year. So, Greece may become the first country that will leave the EU. Spain, Italy and Portugal may follow after it.

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