Ukrainian Globalist

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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Dow Jones Industrial will fight for the slightest chance for growth in early trading. Dow Jones Industrial Average trading week starts with an uncertain future. On the one hand rising dollar and falling euro, on the other deplorable situation on the European stock markets gives confidence bears. Analysts believe that the Dow Jones Industrial Average will start the day with a fall, but after the wait statistics from the U.S.. Meanwhile, the stock trades in Europe on June 2st 2010 opened with decrease in leading indexes against the background of news from China, which were presented the latest statistics of China Federation of Logistics and Procurement for the purchasing managers index (PMI).

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The exchange rate euro is the main problem for Europe, in order to solve the problem of stabilizing the exchange rate of uniform European currency, officials have sweating. Is it possible collapse of the euro area? Until recently, I would say: of course not. And not because I think monetary union brilliant idea. To me he always seemed a risky project, especially after it was decided to take his country, quite unlike the founders of the north. It seems that the main forces of Europe set itself the task by all means get it to work. And now they, too, to this endeavor?

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