European crisis

The European Union Continue Endeavor Overcome Difficulties

 Germany participated along with other European countries began to support the publication of results "stress test" banking on Thursday (17 / 6). This is a study to demonstrate the extent to which banks in europe could withstand the financial pressure.Another development was the increase in rates from the European euro as the Spanish succeeded in selling its bonds and European Union leaders reached an agreement to tighten the rules about the budget. Germany, previously skeptical about the disclosure of details of the results of a series of tests about the health of the banking industry, eventually eliminate that worry. France and Spain agreed with the steps that have also taken the U.S. government.At As, the government conducted a series of stress tests to see the health of banking and bank announced the results to the public. Public health can also find out the tires. Obama has also urged Europe to do the same steps to determine the health of the banking

"We see the market remain stable," said German Finance Ministry spokesman, Michael Offer. Earlier, French Economy Minister Christine Lagarde supports the publication of stress tests. He said French banks have strong balance sheets and do not hide any data. In a European Union meeting in Brussels, the problem is dominated by concerns over the Spanish. Spain is a country with the fourth largest economic power in Europe. The situation in Spain may require disburse EU funds amounting to 500 billion-euro order to prevent the crisis to spread after the EU soured Greece. However, leaders do not look so ignore the difficulties and problems in Spain Spain is not scheduled at the meeting.

Positive 

Financial markets across Europe rose when Madrid was able to sell bonds worth 3.5 billion euros a term of 10 years and 30 years.Euro exchange rate immediately strengthened to 1:24 per U.S. dollar which is the highest position in three this past weekend. Shares in Europe continued to strengthen during the seventh consecutive trading session turu. Banking stocks also continued to strengthen. "Demand for the bonds of Spain to help restore confidence again." said Ciaran O'Hagan, strategist at Societe Generale. Other euro zone member countries have also been undertaking various measures to improve the economy