Rus News Journal

China stimulated euro growth

Opening of trading session in Europe has favorably affected an euro exchange rate. The euro on Forex has quickened and has sharply gone upwards, reports. Positive dynamics of a course already to 13. 30 Moscow time has made 1,31 doll the USA. Decrease in profitablenesses under eurozone bonds is observed. Profitableness on Portuguese desjatiletkam has fallen to 16 %, Italian — to 5,8 % annual, French — to 3,02 %.

as the decrease Reason promproizvodstva the strong data of an index has served in China. The industrial branch has increased following the results of January: official index PMI of China has grown to 50,5 in January with 50,3 in December. The Chinese economy has surprised (has delighted) investors as participants of the market expected that the index will fall below a mark of 50 points.

At present the Greek question remains opened. The international currency fund in the name of the head of mission of inspectors in Greece Polja Tomsena advises to accelerate structural economic reforms and not to cut down expenses. As he said, in front of Greece there is a double problem: to eliminate excessive fiscal deficiencies and to create more competitive economy that complicates a situation in the country.

Also Tomsen has reminded an IMF position of an exit from an eurozone. Head of the Greek mission has explained that this decision will lead to sharp growth of unemployment and deep falling of salaries — much heavier, than it is observed now .

within five years Greece stays in economic recession. By IMF estimations, in 2011 national economy was reduced to 6 %, and in 2012 gross national product falling will make to 3 %.