France had the largest trade gap ever in 2011, with imports exceeding exports by €69.6 billion ($91 billion) for the year, higher than the €51.5 billion ($67.6 billion) shortfall of 2010. Last year marks the tenth straight year for a shortfall in imports for the European economy, as exports fell 0.3 percent. The [...]
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Despite Delays, Traders Know Greece Can’t Dodge the Inevitable
(eToro Blog) Despite a deadline which the Greek government believes to be amorphous, no decision has yet been made which will ultimately determine whether or not Greece, as the world now knows it, will survive. Greek officials are as far away from a consensus as could be possible; one wry commentator noted that if they [...]
Bullish Traders Speculate that Greek Government will Capitulate
(eToro Blog) With only hours left for the Greek government to accept the latest conditions to secure the second €130 billion bailout loan, the Euro is under heavy pressure. Last week’s rally is nothing but a distant memory, and the Euro-Dollar is currently at $1.3058, nearly 80 pips lower than Friday’s close. Sentiment on [...]
