Forward from: Intel Slava Z
🇩🇪🇫🇷Political and economic chaos in the two largest countries of the European Union - France and Germany - has seriously affected the euro exchange rate, which has fallen to its lowest level in the last two years.
This was reported by the European publication Politico.
Thus, at the end of last week, the euro rate fell to $1.033, which was the lowest in the last two years. It is noted that the fall occurred against the backdrop of expectations of another reduction in key rates by the European Central Bank due to "dismal economic indicators" in the European Union.
French, German bonds fall French government bonds and shares fell on Wednesday as fears grew among investors that a row over a "belt-tightening" budget proposal could bring down Prime Minister Michel Barnier's government.
Paris's borrowing costs relative to Germany have reached their highest level since the eurozone crisis in 2012. For the first time in modern history, France's 10-year interest rate has surpassed Greece's. Markets now view France as riskier to lend to than Greece.
This was reported by the European publication Politico.
Thus, at the end of last week, the euro rate fell to $1.033, which was the lowest in the last two years. It is noted that the fall occurred against the backdrop of expectations of another reduction in key rates by the European Central Bank due to "dismal economic indicators" in the European Union.
French, German bonds fall French government bonds and shares fell on Wednesday as fears grew among investors that a row over a "belt-tightening" budget proposal could bring down Prime Minister Michel Barnier's government.
Paris's borrowing costs relative to Germany have reached their highest level since the eurozone crisis in 2012. For the first time in modern history, France's 10-year interest rate has surpassed Greece's. Markets now view France as riskier to lend to than Greece.