Euro currency is threatened to be unstable. Be a major challenge for the EU to re-stabilize the Euro in the midst of mounting debt burden of some of its member states.

It was mentioned by European Commissioner from Germany, Günther Oettinger, in a newspaper interview published on regional Reutlinger General-Anzeiger, Saturday (6/2/2010).

“Euro danger becomes unstable. See Greece, Ireland, and the possibility in the near future also Spain, Portugal, Lithuania, and Italy,” Oettinger said.

Value of euro against U.S. dollar in recent weeks under pressure due to financial problems that had accumulated in these countries. Even last Friday the value of euro slumped in position 1: 1.3682 against the U.S. dollar (U.S.), the lowest value over a period of 8 months.

Stock markets worldwide also corrected to the lowest position in the latest 3 months, due to lingering worries over the development of the Euro.

Greek Crisis

Meanwhile the European Commission has approved a budget plan to overcome the Greek state budget deficit which reached 13%. Consequently the EU will monitor closely Greece, as monitored detikFinance this afternoon.

State of the EU member states may only have a maximum budget deficit of 3% to maintain the stability of the Euro currency exchange rates. As a result of the global economic crisis, almost all EU countries exceed this norm, but the worst Greece. Tail, Greece has struggled to find additional debt. This situation is feared to drag the EU countries are weak.

Greece is now doing sanering by freezing salaries, raises several types of taxes, delay the retirement age and cut the military budget.

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