Ukrainian Globalist

Dow Jones Industrial Average has prevented all attempts to impose a bear trend. Dow index is at around 9,918.45 points, having won 174.83 points (1.79%) for the last day. DJIA rising steadily against the background of recent statements by Chinese officials and the successful closing of European stock exchanges. European stocks have grown up to the auction on Wednesday 7 July. Shares of banks were on the rise in anticipation of information on methods for stress tests. BP shares have risen in price thanks to speculation of a sale of the share of Arab investors. Pan-European Stoxx Europe 600 index rose by 1.3% to 246.06 points, Britain’s FTSE 100 – has increased by 1% to 5015 points, Germany’s DAX – on 0,8% to 5993 points, the French CAC-40 – for 1,7 % to 3483 points.

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The future of the euro is like a tale of Atlantis. The European Union has a decent respect for tradition: every crisis to draw into an advantage. European sclerosis (the term originated in the late 70′s – early 80′s, and characterizing the high unemployment rate against a background of high economic growth) and budgetary squabbles 80 preceded the appearance of the Single European Act of 1986, and the crisis of the ERM , Burst in 1992-1993, accelerated the creation of a single European currency.

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The exchange rate depends not on the euro in Greece or Hungary, and from one of the countries – the founders of the euro area … The future of the euro looks unreal. Greece went into the background, now it is just “the opening act.” All eyes are on Spain, a country that is destined to have a significant impact on the future of the euro, as well as to determine whether a new system of management control over the budgets of the Eurozone countries. It will be a crisis in Spain – the situation will change for the better in the world.

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Dow Jones Industrial Average may begin a sharp decline after the release of bad news from Spain. Dow index continues to strive for higher levels of 10.200 points, but the bears are making serious attempts to attack. Trading volumes are falling. Also disappointing customers news from Greece. Traders seemed unfazed by news that credit rating agency Moody’s lowered its rating on Greece’s debt to junk status. At the time Dow Jones Industrial is located at around 10,233.14. Index of blue chips was up to the level of 10,270, but the growth stopped. Overall growth for the Dow Jones today was +22.07 points (0.22%).

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Eleven-year European Monetary Union, uniting 11 countries, is tested for durability. States, especially Greece, Portugal and Spain, under pressure of markets in reducing deficits and reforming their economies. Politicians ponder over how to rewrite the rules of membership in the euro area, to prevent new crises. The European Central Bank was forced to intervene in the government bond market – in the central bank certainly not dreamed of that will go to such a measure. Euro fell sharply. But is this tension temporary phenomenon? Will Europe’s leaders to improve the situation? Or do they simply destroy the Eurozone? We consider four possible scenarios.

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Economic problems in Europe have begun to threaten not only the poor countries, but also strong. Most read newspaper of the Federal Republic – Bild am Sonntag quoted Angela Merkel: “Most people know that we save in order to reduce our debts” – said the chancellor, while expressing hope that our compatriots will understand the Government announced unprecedented measures of austerity. And although her hopes, as shown by the early polls have under him the grounds last Saturday, nevertheless, showed that in fact, not all Germans are ready to seriously save for yourself.

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France recognized that the preservation of its credit rating would be difficult to implement without the use of any hard budget decisions, after the German government earlier hinted that Berlin might resort to raising taxes to reduce deficits.

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Last weekend in a dispute over foreign ownership of the former Soviet Union joined the President of Ukraine Viktor Yanukovich. In an interview to Ukrainian TV, he said that does not support the transfer of all assets in favor of Russia and proposes to divide it between the former Soviet republics. However, once the reservation that is not yet exactly how this should be done.

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Berlin real estate agency put up to sale the villa of one of the most odious leaders of the Third Reich, the minister of propaganda, Josef Goebbels. The villa is situated in the suburbs of Berlin on the Swan Island.

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Volcano in Iceland changed all the plans of ordinary passengers and VIP guests. They all are changing plans because of the volcanic eruption in Iceland. For example, Germany’s Chancellor Angela Merkel was unable to return home. Her plane was flying from the U.S. to Germany, but was forced to change its route from behind the clouds of volcanic ash. As a result, Merkel airline landed in Lisbon instead of the planned landing in Berlin.

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