Private DCN Private DCN - Euro

EUR: Italian bank bailout hinders euro

By Michael Cooper December 29th, 2016

The big news in the Eurozone has been the state rescue of Banca Monte dei Paschi di Siena.

The euro has fallen over the period and is heading towards parity with the dollar, as predicted by several of the large investment banks.

Today M3 money supply and private loan data will be released as well as Italian bond sales. This could show how investors are reacting to the route the government has chosen to solve its banking crisis.

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