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

To: maceng2 who wrote (73944)	8/21/2010 1:31:04 PM
From: Haim R. Branisteanu	Respond to of 74559

Usually August is a weak month for the EUR can not explain why See past years

To: maceng2 who wrote (73944)	8/21/2010 7:45:55 PM
From: Haim R. Branisteanu	Respond to of 74559

German Deficit Could Slip Under EUR60B - Finance Minister 21-Aug-2010 BERLIN (AFP)--Germany's budget deficit could be less than EUR60 billion ($76.3 billion) thanks to a strong upturn in the country's economy, Finance Minister Wolfgang Schaeuble said in a weekend interview. Whereas the government has forecast a shortfall of EUR65 billion, "I see good chances that we will finish under 60 billion euros this year," Schaeuble told the Rheinische Post regional newspaper. Last Thursday, the Bundesbank, or German central bank, said the combined federal, regional, local and social security deficit would be well below 5% of gross domestic product. Last year the German economy contracted by 4.7%, its worst recession since World War II. But this year could see its strongest expansion since a record 3.4% in 2006, the central bank has said.