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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (73789)	6/4/2010 2:49:20 PM
From: THE ANT	Read Replies (2) \| Respond to of 74559

I like your analysis.Tell me when to get back into EURO.Thanks

To: Haim R. Branisteanu who wrote (73789)	6/9/2010 8:24:44 AM
From: Haim R. Branisteanu	Respond to of 74559

AS ANTICIPATED 15 billion less debt - German Fin Min: Net New Borrowing In 2010 Around EUR65B (Adds quotes.) By Patrick McGroarty and Andrea Thomas Of DOW JONES NEWSWIRES BERLIN (Dow Jones)--The German government's net new borrowing will be around EUR65 billion this year, less than the EUR80.2 billion estimated in the government's 2010 budget, Finance Minster Wolfgang Schaeuble said Wednesday. Schaeuble had said previously that the government would undershoot its new debt requirement this year. The lower requirement is expected because of a better-than-expected labor market, higher tax revenue and around EUR4.4 billion in revenue from the government's auction of fourth-generation network licenses. "We calculate that the positive developments we can assume are secured through the middle of this year allow us to count on a structural deficit of EUR53.2 billion," Schaeuble told members of parliament Wednesday. The government is committed to lowering its structural deficit, which strips out cyclical factors, to 0.35% of gross domestic product by 2016 from the present level of around 3%. The better-than-expected budget outlook for this year meant that the process could proceed more slowly, Schaeuble said . -By Patrick McGroarty and Andrea Thomas, Dow Jones Newswires; +49 30 2888 4126;