Ukrainian Globalist

Currency exchange rates upset USD bulls today. Euro has risen in price to $ 1.256 from $ 1.251 on Thursday. The number of jobs outside agriculture in the USA in June fell by 125 thousand, while analysts believed that the decrease in amount of 110 thousand unemployment rate fell to 9,5%. USD goes weaker, as euro climbs. In the U.S., the volume of industrial orders in May of this year decreased by 1,4% compared with April.

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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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The exchange rate euro and the euro becomes a major issue for European officials. Integration of former enemies and the establishment of the single currency has become the biggest political achievement of Europe. Today, the ties that bind members of the European Union, are the most serious test for all of its existence. While there is no reason to believe that the euro is on the verge of extinction. But without good governance can not halt the process, depriving the common currency of political support.

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