Excerpt from:  GFT Analysts in the News
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June 23, 2009

German Budget Deficits Could Widen Significantly in 2010

Boris Schlossberg discusses Germany's finances in Channel News Asia article

...Boris Schlossberg at Global Forex Trading said the market focused on a Wall Street Journal report that suggested German budget deficits could widen significantly in 2010, with a deficit of as much as 100 billion euros.

"Given the fact that euro balance sheet support is contingent almost solely on Germany's finances (this) news was not received well by the market," he said.

Quoted from the article US dollar mostly firm; euro hit by budget woes on Channel News Asia today.

Read full article.

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Topic Tags:  Boris Schlossberg, deficits, German budget

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