subject: US Becoming Involved With European Economy [print this page] US Becoming Involved With European Economy
Due to mounting troubles in Europe including massive economic upheaval in Ireland, the United States has sent some of its top economic advisors to Europe in an attempt to aid their administrations. There is growing fear that markets in Europe remain volatile despite IMF intervention in Ireland and investors are still shying away from Europe in general. The EU has been stoic and outspoken about the fact that while it is undergoing problems the Euro will not be dissolved and will remain the currency of the continent.
Despite austerity measures the Euro may experience severe problems on the Forex currency exchange in the near future. While issues with Ireland may have been abated there are still massive issues in Greece, Portugal, France and elsewhere. These future economic problems certainly present the chance for the Euro to undergo severe instability in the near future and present the chance for many traders to make solid pips.
Officials at Citigroup are warning that current Euro Zone woes could be the beginning of a global sovereign debt crisis that could spread to Japan or even the US. The EU's response has been an upcoming plan to have holders of its bonds share in its debt. This of course is causing many investors to take their money elsewhere, further injuring the fragile European Union's economic situation. The Euro is an incredibly instable currency much like the USD at the moment and should be treated as a solid money making opportunity, but one to be approached with caution by any trader.
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