EU moving towards fiscal union with pandemic recovery plan - Finance Minister

Market news

12 October 2020

EU moving towards fiscal union with pandemic recovery plan - Finance Minister

Reuters reports that German Finance Minister Olaf Scholz said that the European Union is taking a step towards a fiscal union with its plans to recover from the coronavirus pandemic, which involve the European Commission borrowing in financial markets.

“We are moving towards fiscal union, a major step forward in the financial capacity and sovereignty of the EU,” Scholz told.

We forecast EUR/USD at 1.14 and USD/JPY at 103.00 – BofA

UK: There is still risk of disappointment with Brexit talks – TDS

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.